TrueShares Structured Outcome (May) ETF

Frequently Asked Questions About MAYZ

What does MAYZ invest in?

This actively managed exchange-traded fund (ETF) aims to fulfill its investment objectives primarily by allocating most of its capital to options contracts tied to the S&P 500 Price Index. Its core strategy involves simultaneously purchasing call options and selling (writing) put options, which are benchmarked against either the S&P 500 Price Index directly or an exchange-traded fund tracking it. These option trades are initiated on each designated 'Initial Investment Day' and are structured to expire on the subsequent 'Roll Date.' It's important to note that this fund is considered non-diversified.

What is the expense ratio of MAYZ?

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

How big is MAYZ?

TrueShares Structured Outcome (May) ETF (MAYZ) manages $33.2M 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 MAYZ actively managed or an index fund?

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

When was MAYZ launched?

TrueShares Structured Outcome (May) ETF (MAYZ) launched in April 2021 and is managed by TrueShares.

How has MAYZ performed?

MAYZ'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.