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 08/31/2024

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

8.15

Fund Data & Pricing

Data as of 9/6/2024
Net Assets as of 9/6/2024
$150.25M

NAV

$24.59

Shares Outstanding

6,110,000

Premium/Discount Percentage

-0.01%

Closing Price

$24.59

30 Day Median Bid/Ask Spread

0.25%

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 08/31/2024

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

8.15

Fund Materials

Fact Sheet
Fact Sheet
Prospectus
SAI
Summary Prospectus
Press Release
Semi Annual Report
Key Benefits of ETFs
ETFs Under the Hood
Shareholder Report

Fund Materials

Fact Sheet
Prospectus
SAI
Summary Prospectus
Press Release
Semi Annual Report
Key Benefits of ETFs
ETFs Under the Hood
Shareholder Report

Fund Data & Pricing

Data as of 9/6/2024
Net Assets as of 9/6/2024
$150.25M

NAV

$24.59

Shares Outstanding

6,110,000

Premium/Discount Percentage

-0.01%

Closing Price

$24.59

30 Day Median Bid/Ask Spread

0.25%

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 09/06/2024

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

Fact Sheet
Prospectus
SAI
Summary Prospectus
Press Release
Semi Annual Report
Key Benefits of ETFs
ETFs Under the Hood
Shareholder Report

Fund Data & Pricing

Data as of 9/6/2024
Net Assets as of 9/6/2024
$150.25M

NAV

$24.59

Shares Outstanding

6,110,000

Premium/Discount Percentage

-0.01%

Closing Price

$24.59

30 Day Median Bid/Ask Spread

0.25%

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 09/06/2024

ETF Current NAV/Period Return

24.59/

SPX Period Return

Remaining Buffer

Downside Before Buffer

Remaining Outcome Period

Current Outcome Period Values

Data as of 09/06/2024
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

$24.59

Performance

Data as of 08/31/2024

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

0.72
–
–
–
5.35

Fund NAV

0.74
–
–
–
5.41
S&P 500 TR
7.39
–
–
–
12.72

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

0.72
–
–
–
5.35

Fund NAV

0.74
–
–
–
5.41
S&P 500 TR
7.39
–
–
–
12.72

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 08/31/2024
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

0.72
–
–
–
5.35

Fund NAV

0.74
–
–
–
5.41
S&P 500 TR
7.39
–
–
–
12.72

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
05/30/2024 05/30/2024 05/31/2024 0.086 Ordinary Income
06/27/2024 06/27/2024 06/28/2024 0.160 Ordinary Income
07/30/2024 07/30/2024 07/31/2024 0.200 Ordinary Income
08/29/2024 08/29/2024 08/30/2024 0.135 Ordinary Income
DOWNLOAD PREMIUM DISCOUNT INFORMATION

Top 10 Holdings

Data as of 09/09/2024
% of Net Assets 3.43%
Name Guggenheim Strategic Opportunities Fund
Ticker GOF
CUSIP 40167F101
Shares Held 332,568
Market Value 5.11M
% of Net Assets 3.39%
Name International Seaways Inc
Ticker INSW
CUSIP Y41053102
Shares Held 101,524
Market Value 5.06M
% of Net Assets 3.34%
Name Cornerstone Strategic Value Fund Inc
Ticker CLM
CUSIP 21924B302
Shares Held 668,429
Market Value 4.99M
% of Net Assets 3.21%
Name Nordic American Tankers Ltd
Ticker NAT
CUSIP G65773106
Shares Held 1,330,657
Market Value 4.79M
% of Net Assets 3.20%
Name Oaktree Specialty Lending Corp
Ticker OCSL
CUSIP 67401P405
Shares Held 287,604
Market Value 4.78M
% of Net Assets 2.83%
Name Global Net Lease Inc
Ticker GNL
CUSIP 379378201
Shares Held 481,949
Market Value 4.22M
% of Net Assets 2.76%
Name Sixth Street Specialty Lending Inc
Ticker TSLX
CUSIP 83012A109
Shares Held 194,637
Market Value 4.13M
% of Net Assets 2.49%
Name DHT Holdings Inc
Ticker DHT
CUSIP Y2065G121
Shares Held 352,993
Market Value 3.71M
% of Net Assets 2.43%
Name Arbor Realty Trust Inc
Ticker ABR
CUSIP 038923108
Shares Held 270,335
Market Value 3.62M
% of Net Assets 2.32%
Name Prospect Capital Corp
Ticker PSEC
CUSIP 74348T102
Shares Held 656,004
Market Value 3.46M
DOWNLOAD FULL HOLDINGS

Top 10 Holdings

Data as of 09/09/2024
% of Net Assets Name Ticker CUSIP Shares Held Market Value
3.43% Guggenheim Strategic Opportunities Fund GOF 40167F101 332,568 5.11M
3.39% International Seaways Inc INSW Y41053102 101,524 5.06M
3.34% Cornerstone Strategic Value Fund Inc CLM 21924B302 668,429 4.99M
3.21% Nordic American Tankers Ltd NAT G65773106 1,330,657 4.79M
3.20% Oaktree Specialty Lending Corp OCSL 67401P405 287,604 4.78M
2.83% Global Net Lease Inc GNL 379378201 481,949 4.22M
2.76% Sixth Street Specialty Lending Inc TSLX 83012A109 194,637 4.13M
2.49% DHT Holdings Inc DHT Y2065G121 352,993 3.71M
2.43% Arbor Realty Trust Inc ABR 038923108 270,335 3.62M
2.32% Prospect Capital Corp PSEC 74348T102 656,004 3.46M
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.