TRUESHARES

TRUESHARES

AUGZ

UNCAPPED BUFFERED ETFS: TRUESHARES STRUCTURED OUTCOME (AUGUST) ETF

Why Invest in AUGZ

TRUEOUTCOME
DOWNSIDE RISK MITIGATION / UNCAPPED UPSIDE PARTICIPATION / CLEARER EXPECTATIONS
TrueShares Structured Outcome (August) ETF utilizes a "buffer protect"options strategy, that seeks to provide investors with returns (before fees and expenses) correlated to those of the S&P 500 Price Index. As part of this strategy, AUGZ seeks to provide an 8-12% downside buffer (with the advisor targeting 10%) on the first of that index's losses over a 12-month investment period, beginning on a specified date and resetting exactly 12 months later. The strategy is implemented through the purchase and sale of options on the S&P 500 Price Index or an ETF that tracks the S&P 500 Price Index.

Why Invest in AUGZ

TRUEOUTCOME
DOWNSIDE RISK MITIGATION / UNCAPPED UPSIDE PARTICIPATION / CLEARER EXPECTATIONS
TrueShares Structured Outcome (August) ETF utilizes a "buffer protect"options strategy, that seeks to provide investors with returns (before fees and expenses) correlated to those of the S&P 500 Price Index. As part of this strategy, AUGZ seeks to provide an 8-12% downside buffer (with the advisor targeting 10%) on the first of that index's losses over a 12-month investment period, beginning on a specified date and resetting exactly 12 months later. The strategy is implemented through the purchase and sale of options on the S&P 500 Price Index or an ETF that tracks the S&P 500 Price Index.
FUND SUMMARY

About the AUGZ ETF

Fund Details

Data as of 08/31/2023

Inception Date

July 31, 2020

CUSIP

53656F722

Primary Exchange

Cboe BZX

Ticker

AUGZ

Fund Listing

August 3, 2020

IOPV Symbol

AUGZ.IV

NAV Symbol

AUGZ.NV

Expense Ratio

0.80%

30 Day SEC Yield

4.42

Fund Data & Pricing

Data as of 09/29/2023
Net Assets as of 09/29/2023
$15.45M

NAV

$32.52

Shares Outstanding

475,000

Premium/Discount Percentage

-0.13%

Closing Price

$32.48

30 Day Median Bid/Ask Spread

0.28%

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

FUND SUMMARY

About the AUGZ ETF

Fund Details

Data as of 08/31/2023

Inception Date

July 31, 2020

Fund Listing

August 3, 2020

Primary Exchange

Cboe BZX

Ticker

AUGZ

CUSIP

53656F722

IOPV Symbol

AUGZ.IV

NAV Symbol

AUGZ.NV

Expense Ratio

0.80%

30 Day SEC Yield

4.42

Fund Materials

Fact Sheet
Fact Sheet
Investment Case
Prospectus
SAI
Summary Prospectus
Press Release
Semi Annual Report
Annual Report
Structured Outcome FAQ
Demystifying Liquidity and Taxes in ETFs
Brochure
Part F Schedule of Investments 9/30/2022
Part F Schedule of Investments 03/31/2023

Fund Materials

Fact Sheet
Investment Case
Prospectus
SAI
Summary Prospectus
Press Release
Semi Annual Report
Annual Report
Structured Outcome FAQ
Demystifying Liquidity and Taxes in ETFs
Brochure
Part F Schedule of Investments 9/30/2022
Part F Schedule of Investments 03/31/2023

Fund Data & Pricing

Data as of 09/29/2023
Net Assets as of 09/29/2023
$15.45M

NAV

$32.52

Shares Outstanding

475,000

Premium/Discount Percentage

-0.13%

Closing Price

$32.48

30 Day Median Bid/Ask Spread

0.28%

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

Historical NAV Change

Data as of 10/01/2023

Use the slider below to adjust the time period shown in the graph below.

SUB-ADVISOR

SpiderRock Advisors

 

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REQUEST A MEETING

Fund Materials

Fact Sheet
Investment Case
Prospectus
SAI
Summary Prospectus
Press Release
Semi Annual Report
Annual Report
Structured Outcome FAQ
Demystifying Liquidity and Taxes in ETFs
Brochure
Part F Schedule of Investments 9/30/2022
Part F Schedule of Investments 03/31/2023

Fund Data & Pricing

Data as of 09/29/2023
Net Assets as of 09/29/2023
$15.45M

NAV

$32.52

Shares Outstanding

475,000

Premium/Discount Percentage

-0.13%

Closing Price

$32.48

30 Day Median Bid/Ask Spread

0.28%

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

Outcome Period Values

Data as of 08/01/2023

ETF Starting NAV/Period Return

SPX Index Reference Price

Downside Buffer

Expected Upside Participation

Days Remaining

ETF Starting NAV/Period Return

SPX Index Reference Price

Downside Buffer

Expected Upside Participation

Days Remaining

$33.94

/0.0%

4588.96
10.0%
77-79%
344 days
ETF Starting NAV/Period Return SPX Index Reference Price Downside Buffer Expected Upside Participation Days Remaining
29.24 4796 10 70-72% 362

Outcome Period Values

Data as of 08/01/2023

ETF Starting NAV/Period Return

$33.94

/0.0%

SP Index Reference Price

4588.96

Downside Buffer

10.0%

Expected Upside Participation

77-79%

Days Remaining

344

Current Outcome Period Values

Data as of 10/01/2023

ETF Current NAV/Period Return

32.52/
-4.18%

SPX Period Return

-6.56%

Remaining Buffer

7.96

Downside Before Buffer

N/A

Remaining Outcome Period

303

Current Outcome Period Values

Data as of 10/01/2023
ETF Current NAV/Period Return SPX Period Return Remaining Buffer Downside Before Buffer Remaining Outcome Period
29.24 4796 10 70-72% 362

ETF Current NAV/Period Return

SPX Period Return

Remaining Buffer

Downside Before Buffer

Remaining Outcome Period

$32.52
/-4.18%
-6.56%
7.96%
N/A
303 days

Performance

Data as of 08/31/2023

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

5.31
8.82
10.39
–
10.19

Fund NAV

5.22
8.78
10.50
–
10.17
S&P 500
7.84
13.54
13.97
–
10.95

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

5.31
8.82
10.39
–
10.19

Fund NAV

5.22
8.78
10.50
–
10.17
S&P 500
7.84
13.54
13.97
–
10.95

Performance

Data as of 08/31/2023
3 Month 6 Month 1 year 5 Year Since Inception
Market Price 8.18 8.31 21.66 21.66
Fund NAV 8.27 8.12 21.66 21.65
S&P 500 10.65 10.91 26.89 26.89

3 Month

6 Month

1 Year

5 Year

Since Inception

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

5.31
8.82
10.39
–
10.19

Fund NAV

5.22
8.78
10.50
–
10.17
S&P 500
7.84
13.54
13.97
–
10.95
Expense ratio: 0.80%

Performance data quoted on this website represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed or sold in the secondary market, may be worth more or less than the original cost. Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance shown. Shares are bought and sold at market price not net asset value (“NAV”) and are not individually redeemable from the fund. Call 877-774-TRUE (8783) for performance data current to the most recent month end. Click here to view or download the factsheet for quarter-end standardized performance.

Index performance does not represent True-Shares fund performance. It is not possible to invest directly in an index. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. Market price performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. NAV price performance is determined using the daily calculated NAV. They do not represent the returns you would receive if you traded shares at other times. Performance figures do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or upon redemption or sale of fund shares.

Definitions

S&P Downside to Floor of Buffer – How far the S&P 500 would need to fall from its current level before the downside buffer ends. A value of N/A is shown if the S&P 500 Price Index falls below the buffer. Note that this is not a reflection of how much of the buffer has been used, only how far the S&P is away from the lowest level of the buffer. To understand how much buffer remains, look at “Remaining Buffer”.

Remaining Buffer – How much of the downside buffer remains given the current price.

Period Return – Will be 0 as it is always at the start of the period.

SPX Index Reference Price – The S&P 500 Price Index that we will set the structured outcomes on. This is the price that the buffer starts on.

Downside Buffer – The % of downside return of the S&P 500 Price Index from the reference price that is designed to be buffered.

Estimated Upside Market Participation Rate – The estimated upside market participation rate represents the relative exposure of the fund’s call options to participate in the potential upside movement of the S&P 500 Price Index. This will be determined by the relative price of call and put options at the start of the investment period (12-month period).

Days Remaining – Amount of time until the option structure expires.

Call options – Give the buyer the right, not obligation, to buy shares of the underlying stock at the stated exercise price from the seller of the call option up until the option expires.

Put options – Give the buyer the right, not obligation, to sell shares of the underlying stock at the stated exercise price to the seller of the put option up until the option expires.

Current outcome period values should be data as of the previous close.

Current Price – Price as of date’s close.

Period Return – Return of the ETF from the start of the outcome period to the closing price on the current date.

Remaining Buffer – How much of the downside buffer remains given the current price.

ETF Downside Before Buffer – How much the ETF can lose before the protection buffer level.

Remaining Outcome Period – How long until the option structure expires.

30-Day Yield – Represents net investment income earned by the Fund expressed as an annual percentage rate based on the Fund’s share price at the end of a 30-Day period ended on the last day of the month.

Distribution Detail

Ex-Date Record Date Payable Date Amount
12/29/2022 12/30/2022 01/03/2023 0.123
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Top 10 Holdings

Data as of 10/02/2023
% of Net Assets 100.14%
Name UNITED STATES TREAS BILLS 07/11/2024
Ticker 912797GB7
CUSIP 912797GB7
Shares Held 16,130,000
Market Value 15.47M
% of Net Assets 3.11%
Name SPY 07/31/2024 457.79 C
Ticker 2SPY 240731C00457790
CUSIP 2SPY 240731C00457790
Shares Held 274
Market Value 480,826.16
% of Net Assets 0.72%
Name Cash & Other
Ticker Cash&Other
CUSIP Cash&Other
Shares Held 111,645
Market Value 111,645.04
% of Net Assets -3.98%
Name SPY 07/31/2024 412.01 P
Ticker 2SPY 240731P00412010
CUSIP 2SPY 240731P00412010
Shares Held -391
Market Value -615,011.72
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Top 10 Holdings

Data as of 10/02/2023
% of Net Assets Name Ticker CUSIP Shares Held Market Value
100.14% UNITED STATES TREAS BILLS 07/11/2024 912797GB7 912797GB7 16,130,000 15.47M
3.11% SPY 07/31/2024 457.79 C 2SPY 240731C00457790 2SPY 240731C00457790 274 480,826.16
0.72% Cash & Other Cash&Other Cash&Other 111,645 111,645.04
-3.98% SPY 07/31/2024 412.01 P 2SPY 240731P00412010 2SPY 240731P00412010 -391 -615,011.72
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        Request a meeting with our investment team

        433 W. Van Buren Street, 1100-E
        Chicago, IL 60607
        Email: info@true-shares.com
        Phone: 877.774.TRUE

        ©2022, TrueShares, ©2022 TrueMark Investments, LLC. (“TrueMark”).
        Before investing, carefully consider the TrueShares ETFs investment objectives, risks, charges and expenses. Specific information about TrueShares is contained in the prospectus and a summary prospectus, copies of which may be obtained by visiting www.www.true-shares.com. Read the prospectus carefully before you invest. Foreside Fund Services, LLC, Distributor.

        An investment in TrueShares is subject to numerous risks, including possible loss of principal. The ETFs are subject to the following principal risks: Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk associated with ETFs; Equity Market Risk; Management Risk; Market Capitalization Risk (Large Cap; Mid Cap, Small Cap Stock); Market Risk; New Fund Risk: The Fund is a recently organized, non-diversified management investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. Additionally, the Adviser has not previously managed a registered fund, which may increase the risks of investing in the Fund.

        The TrueShares Structured Outcome ETFS have characteristics unlike many other traditional investment products and may not be suitable for all investors. You should only consider an investment in the Fund if you fully understand the inherent risks, which can be found in the prospectus.

        TrueShares Structured Outcome ETFS are designed to seek to achieve the investment strategy for investments made on the Initial Investment Day and held until the last day of the Investment Period. Investors purchasing shares in the fund after its 12-month investment period has begun or selling share prior to the end of the investment period, may experience very different results than the fund’s stated investment objective. These periods begin at either the fund’s inception date or at each subsequent “Initial Investment Day”. Following the initial investment period after fund inception, each subsequent investment period will begin each year on the first day of the month the fund was incepted (subsequent “Initial Investment Days”). Fund management will target a 10% downside buffer, with expectations that it will generally fall between 8-12%. The Fund is not designed to protect against declines of more than 8-12% in the level of the S&P 500 Price Index, and there can be no guarantee that the Fund will be successful in implementing the buffer protect options strategy to avoid the first 8-12% decline.

        Investments involve risk, including potential loss of principal. The Fund is recently organized with no operating history for prospective investors to base their investment decision which may increase risks. The Fund employs a buffered strategy in an attempt to buffer against losses in the S&P 500 Price Index over the course of a 1-year period. There is no guarantee the Fund will be successful in this strategy, and investors may experience losses beyond targeted levels. In the event an investor purchases Shares after the date on which the options were entered into or sells Shares prior to the expiration of the options, the buffer that the Fund seeks to provide may not be available and there may be limited to no upside potential. The Fund does not provide principal protection and an investor may experience significant losses on its investment, including the loss of its entire investment.

        The Fund invests in options, which involves leverage, meaning that a small investment in options could have a substantial impact on the performance of the Fund. The Fund may invest in FLEX Options issued and guaranteed for settlement by the OCC. The Fund bears the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. Additionally, FLEX Options may be illiquid, and in such cases, the Fund may have difficulty closing out certain FLEX Options positions at desired times and prices. As the options the Fund invests in derive their performance from the S&P 500 Price Index, the Fund is subject to the equity market risk associated with the index. The ETF’s portfolio is more volatile than broad market averages.

        Additional risks of investing include management, non-diversification, portfolio turnover and tax risks. Detailed information regarding the specific risks of the funds can be found in the prospectus. Individual investors should contact their financial advisor or broker dealer representative for more information on True-Shares ETFs.

        Individual investors should contact their financial advisor or broker dealer representative for more information on TrueShares ETFs.

        Investment Products and Services are: Not FDIC INSURED / May lose value / No bank guarantee

        All registered investment companies, including TrueShares, are obliged to distribute portfolio gains to shareholders at year-end regardless of performance. Trading in TrueShares ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer.

        TrueShares ETFs are bought and sold through exchange trading at market price, not Net Asset Value (NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

        ETF shares may be bought or sold throughout the day at their market price, not their NAV, on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market.

        ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF’s NAV. Brokerage commissions and ETF expenses will reduce returns.

        TrueShares ETFs (the “Funds”) are registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940 and are distributed by Foreside Funds Services, LLC, member FINRA.

        TrueMark Investments, LLC, not an affiliate of Foreside Fund Services, LLC, is the investment advisor to the Funds and receives a fee from the Funds for its services.

        TrueShares ETFs are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this website should be considered a solicitation to buy nor an offer to sell shares of any fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.