# TrueShares Structured Outcome (February) ETF (FEBZ): ETF Facts & Distributions

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- Issuer: TrueShares · Asset class: Equity
- Strategy: Actively Managed · Inception: 2021-01-29

The TrueShares Structured Outcome (February) ETF is an actively managed fund designed to fulfill its investment mandate by allocating substantially all of its assets to options contracts tied to the S&P 500 Price Index. Its strategy involves systematically purchasing call options and concurrently selling put options. These derivatives, which are based on either the S&P 500 Index itself or an exchange-traded fund that tracks its performance, are acquired on a specific "Initial Investment Day" and are set to expire on the next designated "Roll Date." Furthermore, the fund is classified as non...

## Key Facts

| Metric | Value |
|---|---|
| Price | $41.06 |
| Expense Ratio | 0.79% |
| Assets Under Management | $32.1M |
| NAV | $40.67 |
| Holdings Count | 16 |
| Distribution Yield (TTM) | 2.93% |
| Annual Distribution (TTM) | $1.20 /share |
| Distribution Frequency | Annual |
| 52-Week Range | $35.58 – $41.58 |
| Beta | 0.72 |

## Latest Distribution

- Amount: $1.2042 /share
- Ex-date: 2025-12-24
- Pay date: 2025-12-26

## Frequently Asked Questions

### What does FEBZ invest in?

The TrueShares Structured Outcome (February) ETF is an actively managed fund designed to fulfill its investment mandate by allocating substantially all of its assets to options contracts tied to the S&P 500 Price Index. Its strategy involves systematically purchasing call options and concurrently selling put options. These derivatives, which are based on either the S&P 500 Index itself or an exchange-traded fund that tracks its performance, are acquired on a specific "Initial Investment Day" and are set to expire on the next designated "Roll Date." Furthermore, the fund is classified as non-diversified.

### What is the expense ratio of FEBZ?

TrueShares Structured Outcome (February) ETF (FEBZ) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

### How big is FEBZ?

TrueShares Structured Outcome (February) ETF (FEBZ) manages $32.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

### Is FEBZ actively managed or an index fund?

FEBZ is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FEBZ's is 0.79%) in exchange for the discretion to over- or under-weight positions.

### When was FEBZ launched?

TrueShares Structured Outcome (February) ETF (FEBZ) launched in January 2021 and is managed by TrueShares.

### How has FEBZ performed?

FEBZ's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.

### Does FEBZ pay a dividend?

TrueShares Structured Outcome (February) ETF (FEBZ) currently distributes little or no income. Trailing-twelve-month yield is 2.93%. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does FEBZ pay dividends?

TrueShares Structured Outcome (February) ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is FEBZ's dividend yield?

FEBZ's trailing-twelve-month yield is 2.93%, calculated from the sum of dividends over the past year divided by the current price.

### When is FEBZ's next ex-dividend date?

The most recently announced ex-dividend date for FEBZ was 2025-12-24. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page.

### How much will FEBZ's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.79% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does FEBZ charge its expense ratio?

The expense ratio is deducted in tiny daily slices from FEBZ's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does FEBZ cost more than a fund like VOO?

FEBZ is actively managed (current expense ratio 0.79%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether FEBZ's fee is competitive for the active-management cohort.

### Are there cheaper alternatives to FEBZ?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FEBZ (0.79%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/febz
- Distribution history: https://www.dividenddata.com/funds/febz/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/febz/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/febz/expenses
- Peer comparison: https://www.dividenddata.com/funds/febz/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.