TRUESHARES

TRUESHARES

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 12/31/2024

Inception Date

April 30, 2024

CUSIP

53656G365

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

8.49

Fund Data & Pricing

Data as of 1/17/2025
Net Assets as of 1/17/2025
$159.30M

NAV

$24.43

Shares Outstanding

6,520,000

Premium/Discount Percentage

-0.22%

Closing Price

$24.38

30 Day Median Bid/Ask Spread

0.33%

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 12/31/2024

Inception Date

April 30, 2024

Fund Listing

05/01/2024

Primary Exchange

Nasdaq

Ticker

ERNZ

CUSIP

53656G365

IOPV Symbol

N/A

NAV Symbol

ERNZ.NV

Expense Ratio

0.75%

30 Day SEC Yield

8.49

Fund Materials

Fact Sheet
Fact Sheet
Prospectus
SAI
Summary Prospectus
Launch Press Release
Key Benefits of ETFs
ETFs Under the Hood
Part F Schedule of Investments 09/30/2024
Semi-Annual Shareholder Report
Semi-Annual Financial Statements & Additional Information

Fund Materials

Fact Sheet
Prospectus
SAI
Summary Prospectus
Launch Press Release
Key Benefits of ETFs
ETFs Under the Hood
Part F Schedule of Investments 09/30/2024
Semi-Annual Shareholder Report
Semi-Annual Financial Statements & Additional Information

Fund Data & Pricing

Data as of 1/17/2025
Net Assets as of 1/17/2025
$159.30M

NAV

$24.43

Shares Outstanding

6,520,000

Premium/Discount Percentage

-0.22%

Closing Price

$24.38

30 Day Median Bid/Ask Spread

0.33%

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 01/18/2025

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.

REQUEST A MEETING

Fund Materials

Fact Sheet
Prospectus
SAI
Summary Prospectus
Launch Press Release
Key Benefits of ETFs
ETFs Under the Hood
Part F Schedule of Investments 09/30/2024
Semi-Annual Shareholder Report
Semi-Annual Financial Statements & Additional Information

Fund Data & Pricing

Data as of 1/17/2025
Net Assets as of 1/17/2025
$159.30M

NAV

$24.43

Shares Outstanding

6,520,000

Premium/Discount Percentage

-0.22%

Closing Price

$24.38

30 Day Median Bid/Ask Spread

0.33%

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 01/18/2025

ETF Current NAV/Period Return

24.43/

SPX Period Return

Remaining Buffer

Downside Before Buffer

Remaining Outcome Period

Current Outcome Period Values

Data as of 01/18/2025
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

$24.43

Performance

Data as of 12/31/2024

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

-3.29
0.76
–
–
3.98

Fund NAV

-3.48
0.57
–
–
3.77
S&P 500 TR
2.41
8.44
–
–
17.90

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

-3.29
0.76
–
–
3.98

Fund NAV

-3.48
0.57
–
–
3.77
S&P 500 TR
2.41
8.44
–
–
17.90

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 12/31/2024
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

-3.29
0.76
–
–
3.98

Fund NAV

-3.48
0.57
–
–
3.77
S&P 500 TR
2.41
8.44
–
–
17.90

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

PREVIOUS

1/1

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Top 10 Holdings

Data as of 01/21/2025
% of Net Assets 3.73%
Name Sabine Royalty Trust
Ticker SBR
CUSIP 785688102
Shares Held 89,255
Market Value 5.95M
% of Net Assets 3.73%
Name International Seaways Inc
Ticker INSW
CUSIP Y41053102
Shares Held 154,350
Market Value 5.93M
% of Net Assets 3.56%
Name Cornerstone Strategic Investment Fund Inc
Ticker CLM
CUSIP 21924B302
Shares Held 654,437
Market Value 5.67M
% of Net Assets 3.51%
Name Global Net Lease Inc
Ticker GNL
CUSIP 379378201
Shares Held 774,735
Market Value 5.59M
% of Net Assets 3.48%
Name Dillard's Inc
Ticker DDS
CUSIP 254067101
Shares Held 11,886
Market Value 5.55M
% of Net Assets 3.44%
Name BlackRock TCP Capital Corp
Ticker TCPC
CUSIP 09259E108
Shares Held 611,392
Market Value 5.47M
% of Net Assets 3.43%
Name Clorox Co/The
Ticker CLX
CUSIP 189054109
Shares Held 34,073
Market Value 5.46M
% of Net Assets 3.40%
Name FS KKR Capital Corp
Ticker FSK
CUSIP 302635206
Shares Held 243,256
Market Value 5.41M
% of Net Assets 3.24%
Name AbbVie Inc
Ticker ABBV
CUSIP 00287Y109
Shares Held 30,073
Market Value 5.16M
% of Net Assets 3.22%
Name Danaos Corp
Ticker DAC
CUSIP Y1968P121
Shares Held 66,192
Market Value 5.13M
DOWNLOAD FULL HOLDINGS

Top 10 Holdings

Data as of 01/21/2025
% of Net Assets Name Ticker CUSIP Shares Held Market Value
3.73% Sabine Royalty Trust SBR 785688102 89,255 5.95M
3.73% International Seaways Inc INSW Y41053102 154,350 5.93M
3.56% Cornerstone Strategic Investment Fund Inc CLM 21924B302 654,437 5.67M
3.51% Global Net Lease Inc GNL 379378201 774,735 5.59M
3.48% Dillard's Inc DDS 254067101 11,886 5.55M
3.44% BlackRock TCP Capital Corp TCPC 09259E108 611,392 5.47M
3.43% Clorox Co/The CLX 189054109 34,073 5.46M
3.40% FS KKR Capital Corp FSK 302635206 243,256 5.41M
3.24% AbbVie Inc ABBV 00287Y109 30,073 5.16M
3.22% Danaos Corp DAC Y1968P121 66,192 5.13M
DOWNLOAD FULL HOLDINGS

Keep up with the latest ERNZ news

Keep up with the latest ERNZ ETF news

Keep up with the latest ERNZ news

      Request a meeting with our investment team

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

      ©2024, TrueShares, ©2024 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.

      The Fund may not achieve its objective and/or you could lose money on your investment in the Fund. The Fund is recently organized with no operating history for prospective investors to base their investment decision which may increase risks. Some of the Fund’s key risks, include but are not limited to the following risks. Please see the Fund’s prospectus for further information on these and other risk considerations.

      ETF Risks. As an ETF, the Fund is exposed to the additional risks, including: (1) concentration risk associated with Authorized Participants, market makers, and liquidity providers; (2) costs risks associated with the frequent buying or selling of Fund shares; (3) market prices may differ than the Fund’s net asset value; and (4) liquidity risk due to a potential lack of trading volume.

      The TrueShares Active Yield ETF is also subject to the following risks:

      Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk. The Fund has a limited number of financial institutions that may act as APs. In addition, there may be a limited number of market makers and/or liquidity providers in the marketplace. Shares may trade at a material discount to NAV and possibly face delisting if either: (i) APs exit the business or otherwise become unable to process creation and/or redemption orders and no other APs step forward to perform these services, or (ii) market makers and/or liquidity providers exit the business or significantly reduce their business activities and no other entities step forward to perform their functions.

      Costs of Buying or Selling Shares Risk. Due to the costs of buying or selling Shares, including brokerage commissions imposed by brokers and bid/ask spreads, frequent trading of Shares may significantly reduce investment results and an investment in Shares may not be advisable for investors who anticipate regularly making small investments.

      Shares May Trade at Prices Other Than NAV Risk. As with all ETFs, Shares may be bought and sold in the secondary market at market prices. Although it is expected that the market price of Shares will approximate the Fund’s NAV, there may be times when the market price of Shares is more than the NAV intra-day (premium) or less than the NAV intra-day (discount) due to supply and demand of Shares or during periods of market volatility. This risk is heightened in times of market volatility, periods of steep market declines, and periods when there is limited trading activity for Shares in the secondary market, in which case such premiums or discounts may be significant.

      Trading Risk. Although Shares are listed for trading on the NASDAQ Stock Market, LLC (the “Exchange”) and may be traded on U.S. exchanges other than the Exchange, there can be no assurance that Shares will trade with any volume, or at all, on any stock exchange. In stressed market conditions, the liquidity of Shares may begin to mirror the liquidity of the Fund’s underlying portfolio holdings, which can be significantly less liquid than the Shares.