- What does JANZ invest in?
- This actively managed exchange-traded fund (ETF) primarily seeks to achieve its investment objectives by allocating most of its capital to options contracts referencing the S&P 500 Price Index. The strategy involves both purchasing call options and selling put options on either the S&P 500 Index or an ETF tracking it. These options are initiated on specific "Initial Investment Days" and are structured to mature by the subsequent "Roll Date." It is important to note that the fund is classified as non-diversified.
- What is the expense ratio of JANZ?
- TrueShares Structured Outcome (January) ETF (JANZ) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is JANZ?
- TrueShares Structured Outcome (January) ETF (JANZ) manages $40.9M 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 JANZ actively managed or an index fund?
- JANZ is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (JANZ's is 0.79%) in exchange for the discretion to over- or under-weight positions.
- When was JANZ launched?
- TrueShares Structured Outcome (January) ETF (JANZ) launched in December 2020 and is managed by TrueShares.
- How has JANZ performed?
- JANZ'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.
