QBER
TrueShares Quarterly Bear Hedge ETF
The TrueShares Quarterly Bear Hedge ETF is an actively managed fund that aims to provide substantial protection of principal while maintaining the potential to create positive returns in the event of a decline in U.S. equity markets over rolling three-month periods. By combining an investment of substantially all its assets in a portfolio of short-term income-generating debt securities with a modest investment in put options on securities or indexes that are representative of U.S. large capitalization companies, the Fund’s portfolio is expertly positioned to pursue its investment objective. Designed to benefit from meaningful declines in the domestic large cap equity market, the Fund’s investment strategy aims to mitigate equity market risk by limiting it to the purchase price of the put options in the event that they expire worthless. If, however, the value of the large cap equity market falls below the put option’s strike price, the option finishes “in-the-money” and may generate a positive total return.
Listing Information
Fund Documents
Details
Dec 18, 2025
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Performance
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 TrueShares 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.
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Outcome Period Values
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Current Outcome Period Values
Dec 18, 2025
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Top 10 Holdings
As of:
Dec 19, 2025
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Distributions
Disclosures
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.
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.
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 apply and will reduce returns. Investing involves risk, including the loss of principal.
The TrueShares Quarterly Bear Hedge ETF is also subject to the following risks:
Options Risk. Buying and selling (writing) options are speculative activities and entail greater investment risks. As the buyer of a call option, the Fund risks losing the entire premium invested in the option if the Fund does not exercise the option. Derivatives Risk. Derivatives may be more sensitive to changes in economic or market conditions than other types of investments. Active Management Risk. The adviser’s judgments about an investment may prove to be incorrect or fail to have the intended results, which could adversely impact the Fund’s performance. The adviser’s tail risk strategy is not designed for upside participation in the markets and will underperform in rising equity markets relative to traditional long-only equity strategies. While the adviser’s strategy is designed to benefit from meaningful declines in the domestic large cap equity market, the Fund will not fully benefit from any given downswing in the market. When the adviser selects out-of-the money put options, the Fund will not participate in equity market declines until they exceed the strike price of the put option. Lower interest rates or higher put option prices will tend to increase the cost of attempting to benefit from meaningful declines in the U.S. large capitalization equity markets. Equity Market Risk. Common stocks are susceptible to general stock market fluctuations and to volatile increases and decreases in value as market confidence in and perceptions of their issuers change based on various and unpredictable factors including but not limited to expectations regarding government, economic, monetary and fiscal policies; inflation and interest rates; economic expansion or contraction; and global or regional political, economic and banking crises. Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. In general, the market price of fixed income securities with longer maturities will increase or decrease more in response to changes in interest rates than shorter-term securities.
In-the-money: An option that's in the money is an option that presents a profit opportunity due to the relationship between the strike price and the prevailing market price of the underlying asset.
30-Day Median Bid/Ask Spread: reflects the median of the difference between the best bid and offer as of the end of each 10-second interval during each trading day of the last 30 calendar days (or since inception, if shorter).
30-Day SEC Yield: The 30-day SEC yield is a standardized calculation developed by the U.S. Securities and Exchange Commission (SEC) to compare bond funds. It's based on the most recent 30-day period of a fund's filings with the SEC and reflects the interest and dividends earned during that time, after deducting expenses. The yield is annualized and divided by the fund's net asset value at the end of the period.
TrueMark Investments, LLC is the investment advisor to the Funds and receives a fee from the Funds for its services. The fund is distributed by Paralel Distributors LLC, Member FINRA. Paralel is not affiliated with TrueMark Investments, LLC.
NOT FDIC INSURED — NO BANK GUARANTEE — MAY LOSE VALUE