- What does SEPZ invest in?
- This actively managed exchange-traded fund (ETF) endeavors to meet its investment objectives predominantly by committing most of its capital to options contracts that derive their value from the S&P 500 Price Index. Its core strategy involves simultaneously purchasing call options and selling put options. These options utilize either the S&P 500 index itself or an ETF tracking the index as their underlying asset. These positions are initiated on each "Initial Investment Day" and are set to mature on the following "Roll Date." The fund is classified as non-diversified.
- What is the expense ratio of SEPZ?
- TrueShares Structured Outcome (September) ETF (SEPZ) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is SEPZ?
- TrueShares Structured Outcome (September) ETF (SEPZ) manages $128.3M 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 SEPZ actively managed or an index fund?
- SEPZ is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SEPZ's is 0.79%) in exchange for the discretion to over- or under-weight positions.
- When was SEPZ launched?
- TrueShares Structured Outcome (September) ETF (SEPZ) launched in August 2020 and is managed by TrueShares.
- How has SEPZ performed?
- SEPZ'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.
