TrueShares Structured Outcome (November) ETF

Frequently Asked Questions About NVMZ

What does NVMZ invest in?

The investment seeks to provide investors with returns that track those of the S&P 500 Price Index while seeking to provide a buffer against the first 8% to 12% of S&P 500 Price Index losses, over a twelve-month period. The fund is an actively-managed ETF that seeks to achieve its investment objective by investing substantially all of its assets in options that reference the index. It will purchase call options and sell (write) put options on the S&P 500 Price Index or an ETF that tracks the S&P 500 Price Index on each Initial Investment Day with an expiration on the next Roll Date. The fund is non-diversified.

What is the expense ratio of NVMZ?

TrueShares Structured Outcome (November) ETF (NVMZ) charges an expense ratio of 0.00%. This is the annual fee deducted from fund assets to cover management and operations.

How big is NVMZ?

TrueShares Structured Outcome (November) ETF (NVMZ) manages $0 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 NVMZ actively managed or an index fund?

NVMZ is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (NVMZ's is 0.00%) because there's no security selection cost.

When was NVMZ launched?

TrueShares Structured Outcome (November) ETF (NVMZ) launched in October 2020 and is managed by TrueShares.

How has NVMZ performed?

NVMZ'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.