ERNZ

TRUESHARES ACTIVE YIELD ETF

Why Invest in ERNZ

TRUEINCOME
The TrueShares Active Yield ETF seeks to provide above-average yield relative to the broader market, with a focus on generating consistent income for investors. By doing so, the fund aims to deliver the opportunity for long-term growth of capital by seeking lower relative volatility. The Fund is an actively-managed exchange-traded fund comprised of 50-150 income generating securities. ERNZ is managed by experienced investment professionals who actively monitor market conditions, select appropriate assets, and make adjustments to the portfolio as needed to achieve the fund’s income objectives. The fund aims to provide consistent income regardless of the broader economic environment. This means that it may hold assets that perform well in both economic expansions and contractions, providing stability throughout market cycles. The TrueShares Active Yield ETF prioritizes providing a steady stream of income for investors, making it an attractive option for those seeking regular cash flow.

Why Invest in ERNZ

TRUEINCOME
The TrueShares Active Yield ETF seeks to provide above-average yield relative to the broader market, with a focus on generating consistent income for investors. By doing so, the fund aims to deliver the opportunity for long-term growth of capital by seeking lower relative volatility. The Fund is an actively-managed exchange-traded fund comprised of 50-150 income generating securities. ERNZ is managed by experienced investment professionals who actively monitor market conditions, select appropriate assets, and make adjustments to the portfolio as needed to achieve the fund’s income objectives. The fund aims to provide consistent income regardless of the broader economic environment. This means that it may hold assets that perform well in both economic expansions and contractions, providing stability throughout market cycles. The TrueShares Active Yield ETF prioritizes providing a steady stream of income for investors, making it an attractive option for those seeking regular cash flow.
FUND SUMMARY

About the ERNZ ETF

Fund Details

Data as of 05/31/2025

Inception Date

April 30, 2024

CUSIP

210322723

Primary Exchange

Nasdaq

Ticker

ERNZ

Fund Listing

05/01/2024

IOPV Symbol

N/A

NAV Symbol

ERNZ.NV

Expense Ratio

0.75%

30 Day SEC Yield

6.04

Fund Data & Pricing

Data as of 7/3/2025
Net Assets as of 7/3/2025
$153.85M

NAV

$23.24

Shares Outstanding

6,620,000

Premium/Discount Percentage

-0.06%

Closing Price

$23.23

30 Day Median Bid/Ask Spread

0.00%

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 ERNZ ETF

Fund Details

Data as of 05/31/2025

Inception Date

April 30, 2024

Fund Listing

05/01/2024

Primary Exchange

Nasdaq

Ticker

ERNZ

CUSIP

210322723

IOPV Symbol

N/A

NAV Symbol

ERNZ.NV

Expense Ratio

0.75%

30 Day SEC Yield

6.04

Fund Materials

Fund Materials

Fund Data & Pricing

Data as of 7/3/2025
Net Assets as of 7/3/2025
$153.85M

NAV

$23.24

Shares Outstanding

6,620,000

Premium/Discount Percentage

-0.06%

Closing Price

$23.23

30 Day Median Bid/Ask Spread

0.00%

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 07/02/2025

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

SUB-ADVISOR

Wealth Builder Funds

Wealth Builder Funds, LLC is an SEC-registered investment adviser specializing in providing advisory services to Exchange Traded Funds. Wealth Builder Funds is responsible for trading portfolio investments in funds and selecting broker-dealers, who are intermediaries responsible for executing these transactions on behalf of Wealth Builder Funds and their clients. This involves choosing the appropriate brokerage firms to carry out the purchase and sale of securities in a way that aligns with the investment objectives and strategies of the funds they manage. Wealth Builder Funds provides expertise in asset allocation, investment selection, risk management, portfolio monitoring, and regulatory compliance. Wealth Builder Funds helps clients achieve their financial goals by providing expert advice and guidance on investment-related matters.

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Fund Materials

Fund Data & Pricing

Data as of 7/3/2025
Net Assets as of 7/3/2025
$153.85M

NAV

$23.24

Shares Outstanding

6,620,000

Premium/Discount Percentage

-0.06%

Closing Price

$23.23

30 Day Median Bid/Ask Spread

0.00%

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

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

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 07/03/2025

ETF Current NAV/Period Return

23.24/

SPX Period Return

Remaining Buffer

Downside Before Buffer

Remaining Outcome Period

Current Outcome Period Values

Data as of 07/03/2025
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

$23.24

Performance

Data as of 6/30/2025

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

0.65
-0.94
-0.19
2.56

Fund NAV

0.69
-0.82
-0.25
2.49
S&P 500 Total Return Index
10.94
6.2
15.16
15.08

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

0.65
-0.94
-0.19
2.56

Fund NAV

0.69
-0.82
-0.25
2.49
S&P 500 Total Return Index
10.94
6.2
15.16
15.08

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.


To view our proxy voting records, click here.

Performance

Data as of 6/30/2025
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

0.65
-0.94
-0.19
2.56

Fund NAV

0.69
-0.82
-0.25
2.49
S&P 500 Total Return Index
10.94
6.2
15.16
15.08

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.


To view our proxy voting records, click here.

Distribution Detail

Ex-Date Record Date Payable Date Amount Rate Type

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Top 10 Holdings

Data as of 7/7/2025
% of Net Assets 3.72
Name Oxford Industries Inc
Ticker OXM
CUSIP 691497309
Shares Held 132,149
Market Value 5.72M
% of Net Assets 3.47
Name MSC Industrial Direct Co Inc
Ticker MSM
CUSIP 553530106
Shares Held 59,271
Market Value 5.33M
% of Net Assets 3.46
Name Watsco Inc
Ticker WSO
CUSIP 942622200
Shares Held 11,633
Market Value 5.32M
% of Net Assets 3.45
Name Coca-Cola Consolidated Inc
Ticker COKE
CUSIP 191098102
Shares Held 45,010
Market Value 5.30M
% of Net Assets 3.38
Name General Mills Inc
Ticker GIS
CUSIP 370334104
Shares Held 97,759
Market Value 5.20M
% of Net Assets 3.35
Name Unum Group
Ticker UNM
CUSIP 91529Y106
Shares Held 62,694
Market Value 5.15M
% of Net Assets 3.28
Name AT&T Inc
Ticker T
CUSIP 00206R102
Shares Held 177,714
Market Value 5.04M
% of Net Assets 3.27
Name Darden Restaurants Inc
Ticker DRI
CUSIP 237194105
Shares Held 22,799
Market Value 5.02M
% of Net Assets 3.25
Name Universal Corp/VA
Ticker UVV
CUSIP 913456109
Shares Held 84,899
Market Value 4.99M
% of Net Assets 3.25
Name The Campbell's Company
Ticker CPB
CUSIP 134429109
Shares Held 159,756
Market Value 4.99M

Top 10 Holdings

Data as of 7/7/2025
% of Net Assets Name Ticker CUSIP Shares Held Market Value
3.72 Oxford Industries Inc OXM 691497309 132,149 5.72M
3.47 MSC Industrial Direct Co Inc MSM 553530106 59,271 5.33M
3.46 Watsco Inc WSO 942622200 11,633 5.32M
3.45 Coca-Cola Consolidated Inc COKE 191098102 45,010 5.30M
3.38 General Mills Inc GIS 370334104 97,759 5.20M
3.35 Unum Group UNM 91529Y106 62,694 5.15M
3.28 AT&T Inc T 00206R102 177,714 5.04M
3.27 Darden Restaurants Inc DRI 237194105 22,799 5.02M
3.25 Universal Corp/VA UVV 913456109 84,899 4.99M
3.25 The Campbell's Company CPB 134429109 159,756 4.99M

Keep up with the latest ERNZ news

Keep up with the latest ERNZ ETF news

Keep up with the latest ERNZ news

    Premium/Discount

    Days traded at

    Previous Year (2024)

    Q1 Current Year

    Q2 Current Year

    Q3 Current Year

    Q4 Current Year

    Premium

    119
    31
    44
    2

    Discount

    50
    30
    34
    1

    Net Asset Value

    1
    6
    13
    Data as of 07/03/2025
    The following table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund’s daily net asset value (“NAV”). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than NAV when those shares are sold because shares are bought and sold at current.