RNWZ

TrueShares Eagle Global Renewable Energy Income ETF

TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) is an actively-managed ETF designed to offer investors core renewables exposure and income, and seeks long-term growth of capital by investing in renewables infrastructure companies that are providing value through accelerating the global transition to clean energy. Target portfolio companies primarily own and operate renewable energy facilities such as wind farms and solar fields, energy storage, and electric transmission assets. These assets tend to generate stable cash flow streams derived from long-term contracts with governments, utilities, and corporations.

Invest

As Of

Dec 18, 2025

MM/DD/YYYY

Inception Date

Dec 8, 2022

MM/DD/YYYY

NAV

27.28

XX.XX

(Change:

0.09

X.XX

0.33

X.XX

)

Market Price

27.26

XX.XX

(Change:

0.1

X.XX

0.37

X.XX

)

Net Assets

2727990.36

—

YTD Return

33.30

XX.XX

Expense Ratio

0.75

X.XX

Fund Details

Listing Information

Inception Date

Dec 8, 2022

Primary Exchange

NYSE

Ticker

RNWZ

CUSIP

210322749

IOPV

N/A

NAV Symbol

RNWZ.NV

Fund Documents

Prospectus

Fact Sheet

Annual Financial Statements & Additional Information

Annual Shareholder Report

Launch Press Release

Part F Schedule of Investments – 03/31/2023

Part F Schedule of Investments – 03/31/2024

Part F Schedule of Investments – 03/31/2025

Part F Schedule of Investments – 09/30/2023

Part F Schedule of Investments – 09/30/2024

Part F Schedule of Investments – 09/30/2025

Proxy Statement – April 14, 2025

SAI

Semi-annual Financial Statements & Additional Information

Semi-annual Shareholder Report

Summary Prospectus

Supplement 03/2025

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Details

As Of

Dec 18, 2025

MM/DD/YYYY

Net Assets

2727990.36

—

Shares Outstanding

100000

XXX,XXX

30 Day Median Bid/Ask Spread

0.29

X.XX

Expense Ratio

0.75

X.XX

Number of Holdings

Reset Frequency

Annual

^*The unitary management fee for ERNZ is 0.75%, which represents the direct expenses charged by the Fund. The 3.25% expense ratio shown in the most recent prospectus includes Acquired Fund Fees and Expenses (AFFE), which were materially higher at that time. Based on the latest semi-annual report, AFFE have been reduced and are expected to be significantly lower going forward.

Performance

As of:

Dec 18, 2025

MM/DD/YYYY

As of:

Oct 31, 2025

MM/DD/YYYY

1 month

3 months

6 months

YTD

1 year

Since Inception

NAV

This is some text inside of a div block.

6.00

X.XX

11.20

X.XX

19.92

X.XX

33.30

X.XX

19.21

X.XX

16.84

X.XX

Market Price

This is some text inside of a div block.

5.74

X.XX

11.27

X.XX

19.70

X.XX

33.11

X.XX

18.92

X.XX

16.80

X.XX

S&P 500 Total Return Index

[Index]

2.34

X.XX

8.23

X.XX

23.60

X.XX

17.52

X.XX

21.45

X.XX

79.92

X.XX

As of:

MM/DD/YYYY

1 month

3 months

6 months

YTD

1 year

Since Inception

NAV

X.XX

Market Price

X.XX

S&P 500 Total Return Index

[Index]

X.XX

As of:

Oct 31, 2025

MM/DD/YYYY

1 Year

3 Years

5 Years

10 Years

15 Years

Since Inception

NAV

This is some text inside of a div block.

19.21

X.XX

5.52

X.XX

Market Price

This is some text inside of a div block.

18.92

X.XX

5.51

X.XX

S&P 500 Total Return Index

[Index]

21.45

X.XX

22.48

X.XX

Performance Disclosure

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. For quarter-end standardized performance click on the fact sheet link provided in the fund materials section above. 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.

To view our proxy voting records, click here and here.

Fund Details

Outcome Period Values

As Of

MM/DD/YYYY

ETF Starting NAV/Period Return

XX.XX

X.XX

SPX Index Reference PRice

X,XXX.XX

Downside Buffer

Expected Upside Participation

–

Days Remaining

days

day

Current Outcome Period Values

As Of

Dec 18, 2025

MM/DD/YYYY

ETF Current NAV/Period Return

XX.XX

X.XX

SPX Period Return

XX.XX

Remaining Buffer

Downside Before Buffer

X.XX

Remaining Outcome Period

days

Top 10 Holdings

As of:

Dec 19, 2025

MM/DD/YYYY

Download Holdings CSV

Ticker

Security Description

CUSIP / ISIN

% of Funds

Shares / Contracts

Market Value

RWE

RWE AG

4768962

8.89

4679

240002

HASI

HA Sustainable Infrastructure

41068X100

6.42

5277

173244

CWEN/A

Clearway Energy Inc

18539C105

6.26

5531

169027

PCG

PG&E Corp

69331C108

5.73

9774

154625

AEP

American Electric Power Co Inc

025537101

5.35

1250

144475

NEE

NextEra Energy Inc

65339F101

4.84

1616

130654

ELE

Endesa SA

5271782

4.54

3410

122629

ENEL

Enel SpA

7144569

4.35

11615

117385

FORTUM

Fortum Oyj

5579550

3.64

4692

98363

ORSTED

Orsted AS

BYT16L4

3.47

4420

93820

Fund holdings and allocations are subject to change and should not be considered recommendations to buy or sell any security.

Distributions

Ex-Date

Record Date

Payable Date

Amount

Rate Type

Paid

Sep 25, 2025

Sep 26, 2025

0.206

X.XXX

Ordinary Income

Jun 26, 2025

Jun 27, 2025

0.228

X.XXX

Ordinary Income

Mar 27, 2025

Mar 28, 2025

0.075

X.XXX

Ordinary Income

Dec 27, 2024

Dec 30, 2024

0.058

X.XXX

Ordinary Income

Sep 27, 2024

Sep 30, 2024

0.225

X.XXX

Ordinary Income

Jun 27, 2024

Jun 28, 2024

0.11

X.XXX

Ordinary Income

Mar 27, 2024

Mar 28, 2024

Apr 1, 2024

0.095

X.XXX

Ordinary Income

Dec 27, 2023

Dec 28, 2023

Dec 29, 2023

0.062

X.XXX

Ordinary Income

Sep 27, 2023

Sep 28, 2023

Sep 29, 2023

0.267

X.XXX

Ordinary Income

Jun 28, 2023

Jun 29, 2023

Jun 30, 2023

0.119

X.XXX

Ordinary Income

Mar 29, 2023

Mar 30, 2023

Mar 31, 2023

0.14

X.XXX

Ordinary Income

Dec 29, 2022

Dec 30, 2022

Jan 3, 2023

0.002

X.XXX

Ordinary Income

Upcoming

XXXXX

Fund holdings and allocations are subject to change and should not be considered recommendations to buy or sell any security.

Premium/Discount

As of:

Dec 18, 2025

MM/DD/YYYY

The table and line graph above 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.

The performance data quoted represents past performance. Past performance does not guarantee future results.

Supplemental Discussion

TrueShares (“Advisor”) will provide a discussion in the event the ETF’s premium or discount has been greater than 2% for seven consecutive trading days.

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Discuss how

RNWZ

may fit into your portfolio and whether they align with your investment goals.

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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 is distributed by Paralel Distributors LLC, Member FINRA. Paralel is not affiliated with TrueMark Investments, LLC and Eagle Global Advisors.

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 Eagle Global Renewable Energy Income ETF is also subject to the following risks:

Associated Risk of Investing in Renewable Infrastructure Companies. Because the Fund invests in Renewable infrastructure Companies, the value of Fund shares may be affected by events that adversely affect companies in that industry. These can include contract counterparty defaults, adverse political and regulatory changes, poor weather conditions for renewable power generation, falling power prices, losses on financial hedges, technological obsolescence, competition and general economic conditions.

Currency Exchange Rate Risk. Changes in currency exchange rates and the relative value of non-U.S. currencies will affect the value of the Fund’s investment and the value of your Shares.

Foreign Securities Risk. Investments in non-U.S. securities involve certain risks that may not be present with investments in U.S. securities. For example, investments in non-U.S. securities may be subject to risk of loss due to foreign currency fluctuations or to political or economic instability.

30-Day Median Bid-Ask Spread: Gives investors the midpoint within the spread between an ETF’s selling price and buying price. It is calculated over the last 30 days in 10 second intervals by dividing the difference between the bid (sell price) and offer (buy price) by the midpoint of the National Best Bid Offer (NBBO) and identifying the median of those values.

TrueShares ETFs are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this website should be considered a solicitation to buy nor an offer to sell shares of any fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Investment Products and Services are NOT FDIC INSURED / MAY LOSE VALUE / NO BANK GUARANTEE.