TRUESHARES

DIVZ

OPAL DIVIDEND INCOME ETF

Why Invest in DIVZ

TRUEINCOME
HIGH QUALITY DIVIDEND PAYERS / CAPITAL APPRECIATION / FORWARD LOOKING
Opal Dividend Income ETF is designed for investors seeking lower volatility with higher dividend yield than the overall market while still having access to capital appreciation opportunities. DIVZ is driven by a belief that dividend-paying companies tend to be more established businesses with high cash flow, stable revenue streams, and more disciplined capital reinvestment which may, in turn, help them experience lower volatility relative to the overall equity market. DIVZ is concentrated in 25-35 well-managed companies across a range of sectors, and seeks to offer above-average dividends and the ability to grow those dividends over time.

Why Invest in DIVZ

TRUEINCOME
HIGH QUALITY DIVIDEND PAYERS / CAPITAL APPRECIATION / FORWARD LOOKING
Opal Dividend Income ETF is designed for investors seeking lower volatility with higher dividend yield than the overall market while still having access to capital appreciation opportunities. DIVZ is driven by a belief that dividend-paying companies tend to be more established businesses with high cash flow, stable revenue streams, and more disciplined capital reinvestment which may, in turn, help them experience lower volatility relative to the overall equity market. DIVZ is concentrated in 25-35 well-managed companies across a range of sectors, and seeks to offer above-average dividends and the ability to grow those dividends over time.
FUND SUMMARY

About the DIVZ ETF

Fund Details

Data as of 01/31/2024

Inception Date

January 27, 2021

CUSIP

53656F474

Primary Exchange

NYSE

Ticker

DIVZ

Fund Listing

January 28, 2021

IOPV Symbol

N/A

NAV Symbol

DIVZ.NZ

Expense Ratio

0.65%

30 Day SEC Yield

3.59

Fund Data & Pricing

Data as of 02/23/2024
Net Assets as of 02/23/2024
$62.04M

NAV

$28.20

Shares Outstanding

2,200,000

Premium/Discount Percentage

0.02%

Closing Price

$28.21

30 Day Median Bid/Ask Spread

0.07%

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 DIVZ ETF

Fund Details

Data as of 01/31/2024

Inception Date

January 27, 2021

Fund Listing

January 28, 2021

Primary Exchange

NYSE

Ticker

DIVZ

CUSIP

53656F474

IOPV Symbol

N/A

NAV Symbol

DIVZ.NZ

Expense Ratio

0.65%

30 Day SEC Yield

3.59

Fund Materials

Fund Materials

Fund Data & Pricing

Data as of 02/23/2024
Net Assets as of 02/23/2024
$62.04M

NAV

$28.20

Shares Outstanding

2,200,000

Premium/Discount Percentage

0.02%

Closing Price

$28.21

30 Day Median Bid/Ask Spread

0.07%

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 02/24/2024

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

SUB-ADVISOR

Opal Capital

Opal Capital is an investment management company that specializes in equity income investing solutions. At Opal Capital, we believe that dividend solutions play a critical role in a portfolio that is often overlooked and underutilized. Our sole focus is to deliver distinct, stable income producing solutions for our clients. The main tenets of our investment process are a key source of differentiation: high conviction, deep fundamental research, forward looking analysis, and benchmark agnostic allocation.

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Fund Materials

Fund Data & Pricing

Data as of 02/23/2024
Net Assets as of 02/23/2024
$62.04M

NAV

$28.20

Shares Outstanding

2,200,000

Premium/Discount Percentage

0.02%

Closing Price

$28.21

30 Day Median Bid/Ask Spread

0.07%

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 01/01/1970

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

/0.0%

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 01/01/1970

ETF Starting NAV/Period Return

/0.0%

SP Index Reference Price

Downside Buffer

Expected Upside Participation

Days Remaining

Current Outcome Period Values

Data as of 02/24/2024

ETF Current NAV/Period Return

28.20/

SPX Period Return

Remaining Buffer

Downside Before Buffer

Remaining Outcome Period

-19279

Current Outcome Period Values

Data as of 02/24/2024
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

$28.20
-19279 days

Performance

Data as of 01/31/2024

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

8.61
-0.04
-2.04
7.31

Fund NAV

8.56
-0.16
-2.11
7.29
S&P 500
15.54
5.59
18.86
8.88

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

8.61
-0.04
-2.04
7.31

Fund NAV

8.56
-0.16
-2.11
7.29
S&P 500
15.54
5.59
18.86
8.88
Expense ratio: 0.65%

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 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 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. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 07/1/2020, when the fund first traded on an exchange. Click here to view or download a full prospectus. Click here to view or download a summary prospectus.

Performance

Data as of 01/31/2024
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

8.61
-0.04
-2.04
7.31

Fund NAV

8.56
-0.16
-2.11
7.29
S&P 500
15.54
5.59
18.86
8.88
Expense ratio: 0.65%

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 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 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. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 07/1/2020, when the fund first traded on an exchange. Click here to view or download a full prospectus. Click here to view or download a summary prospectus.

Distribution Detail

Ex-Date Record Date Payable Date Amount Rate Type
3/26/2021 3/29/2021 3/30/2021 0.073 -
6/29/2021 6/30/2021 7/01/2021 0.205 -
9/29/2021 9/30/2021 10/1/2021 0.161 -
12/29/2021 12/30/2021 12/31/2021 0.249 -
3/29/2022 3/30/2022 3/31/2022 0.213 -
6/28/2022 6/29/2022 6/30/2022 0.206 -
09/28/2022 09/29/2022 09/30/2022 0.253 -
12/29/2022 12/30/2022 01/03/2023 0.262 -
03/29/2023 03/30/2023 03/31/2023 0.209 -
06/28/2023 06/29/2023 06/30/2023 0.207 -
09/27/2023 09/28/2023 09/29/2023 0.208 -
12/27/2023 12/28/2023 12/29/2023 0.357 -

Top 10 Holdings

Data as of 02/26/2024
% of Net Assets 5.53%
Name CITIGROUP INC
Ticker C
CUSIP 172967424
Shares Held 61,298
Market Value 3.43M
% of Net Assets 5.25%
Name UNITEDHEALTH GROUP INC
Ticker UNH
CUSIP 91324P102
Shares Held 6,179
Market Value 3.26M
% of Net Assets 4.93%
Name VERIZON COMMUNICATIONS INC
Ticker VZ
CUSIP 92343V104
Shares Held 75,278
Market Value 3.06M
% of Net Assets 4.74%
Name BRITISH AMERN TOB PLC
Ticker BTI
CUSIP 110448107
Shares Held 96,384
Market Value 2.94M
% of Net Assets 4.62%
Name AMERICAN ELEC PWR CO INC
Ticker AEP
CUSIP 025537101
Shares Held 34,744
Market Value 2.86M
% of Net Assets 4.19%
Name BROADCOM INC
Ticker AVGO
CUSIP 11135F101
Shares Held 2,004
Market Value 2.60M
% of Net Assets 4.00%
Name EXXON MOBIL CORP
Ticker XOM
CUSIP 30231G102
Shares Held 23,918
Market Value 2.48M
% of Net Assets 3.97%
Name QUALCOMM INC
Ticker QCOM
CUSIP 747525103
Shares Held 15,920
Market Value 2.47M
% of Net Assets 3.93%
Name NEXTERA ENERGY INC
Ticker NEE
CUSIP 65339F101
Shares Held 43,355
Market Value 2.44M
% of Net Assets 3.90%
Name PHILIP MORRIS INTL INC
Ticker PM
CUSIP 718172109
Shares Held 26,425
Market Value 2.42M

Top 10 Holdings

Data as of 02/26/2024
% of Net Assets Name Ticker CUSIP Shares Held Market Value
5.53% CITIGROUP INC C 172967424 61,298 3.43M
5.25% UNITEDHEALTH GROUP INC UNH 91324P102 6,179 3.26M
4.93% VERIZON COMMUNICATIONS INC VZ 92343V104 75,278 3.06M
4.74% BRITISH AMERN TOB PLC BTI 110448107 96,384 2.94M
4.62% AMERICAN ELEC PWR CO INC AEP 025537101 34,744 2.86M
4.19% BROADCOM INC AVGO 11135F101 2,004 2.60M
4.00% EXXON MOBIL CORP XOM 30231G102 23,918 2.48M
3.97% QUALCOMM INC QCOM 747525103 15,920 2.47M
3.93% NEXTERA ENERGY INC NEE 65339F101 43,355 2.44M
3.90% PHILIP MORRIS INTL INC PM 718172109 26,425 2.42M

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