# TrueShares Structured Outcome (November) ETF (NVMZ): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nvmz for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: TrueShares · Asset class: Equity - Strategy: Passive Index · Inception: 2020-10-30 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 fun... ## Key Facts | Metric | Value | |---|---| | Price | $31.63 | | Expense Ratio | 0.00% | | Assets Under Management | $3.1M | | NAV | — | | Holdings Count | 0 | | Distribution Yield (TTM) | 4.97% | | Annual Distribution (TTM) | $1.57 /share | | Distribution Frequency | Annual | | 52-Week Range | $25.01 – $32.24 | | Beta | 0.00 | ## Latest Distribution - Amount: $1.5719 /share - Ex-date: 2025-12-24 - Pay date: — ## Frequently Asked Questions ### 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 $3.1M 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 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. ### Does NVMZ pay a dividend? TrueShares Structured Outcome (November) ETF (NVMZ) currently distributes little or no income. Trailing-twelve-month yield is 4.97%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does NVMZ pay dividends? TrueShares Structured Outcome (November) 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 NVMZ's dividend yield? NVMZ's trailing-twelve-month yield is 4.97%, calculated from the sum of dividends over the past year divided by the current price. ### When is NVMZ's next ex-dividend date? The most recently announced ex-dividend date for NVMZ 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 NVMZ's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.00% 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 NVMZ charge its expense ratio? The expense ratio is deducted in tiny daily slices from NVMZ'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 NVMZ cost more than a fund like VOO? NVMZ is a passive index fund (current expense ratio 0.00%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to NVMZ? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as NVMZ (0.00%) 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/nvmz - Distribution history: https://www.dividenddata.com/funds/nvmz/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nvmz/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nvmz/expenses - Peer comparison: https://www.dividenddata.com/funds/nvmz/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.