JANZ

UNCAPPED BUFFERED ETFS: TRUESHARES STRUCTURED OUTCOME (JANUARY) ETF

Why Invest in JANZ

TRUEOUTCOME
DOWNSIDE RISK MITIGATION / UNCAPPED UPSIDE PARTICIPATION / CLEARER EXPECTATIONS
TrueShares Structured Outcome (January) ETF utilizes a "buffer protect" options strategy, that seeks to provide investors with returns (before fees and expenses) correlated to those of the S&P 500 Price Index. As part of this strategy, JANZ seeks to provide an 8-12% downside buffer (with the advisor targeting 10%) on the first of that index's losses over a 12-month investment period, beginning on a specified date and resetting exactly 12 months later. The strategy is implemented through the purchase and sale of options on the S&P 500 Price Index or an ETF that tracks the S&P 500 Price Index.

Why Invest in JANZ

TRUEOUTCOME
DOWNSIDE RISK MITIGATION / UNCAPPED UPSIDE PARTICIPATION / CLEARER EXPECTATIONS
TrueShares Structured Outcome (January) ETF utilizes a "buffer protect" options strategy, that seeks to provide investors with returns (before fees and expenses) correlated to those of the S&P 500 Price Index. As part of this strategy, JANZ seeks to provide an 8-12% downside buffer (with the advisor targeting 10%) on the first of that index's losses over a 12-month investment period, beginning on a specified date and resetting exactly 12 months later. The strategy is implemented through the purchase and sale of options on the S&P 500 Price Index or an ETF that tracks the S&P 500 Price Index.
FUND SUMMARY

About the JANZ ETF

Fund Details

Data as of 10/31/2022

Inception Date

December 31, 2020

CUSIP

53656F763

Primary Exchange

Cboe BZX

Ticker

JANZ

Fund Listing

January 4, 2021

IOPV Symbol

JANZ.IV

NAV Symbol

JANZ.NV

Expense Ratio

0.79%

30 Day SEC Yield

2.83

Fund Data & Pricing

Data as of 11/29/2022
Net Assets as of 11/29/2022
$3.98M

NAV

$26.54

Shares Outstanding

150,000

Premium/Discount Percentage

0.09%

Closing Price

$26.57

30 Day Median Bid/Ask Spread

0.41%

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 JANZ ETF

Fund Details

Data as of 10/31/2022

Inception Date

December 31, 2020

Fund Listing

January 4, 2021

Primary Exchange

Cboe BZX

Ticker

JANZ

CUSIP

53656F763

IOPV Symbol

JANZ.IV

NAV Symbol

JANZ.NV

Expense Ratio

0.79%

30 Day SEC Yield

2.83

Fund Materials

Fund Materials

Fund Data & Pricing

Data as of 11/29/2022
Net Assets as of 11/29/2022
$3.98M

NAV

$26.54

Shares Outstanding

150,000

Premium/Discount Percentage

0.09%

Closing Price

$26.57

30 Day Median Bid/Ask Spread

0.41%

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 11/29/2022

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

SUB-ADVISOR

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REQUEST A MEETING

Fund Materials

Fund Data & Pricing

Data as of 11/29/2022
Net Assets as of 11/29/2022
$3.98M

NAV

$26.54

Shares Outstanding

150,000

Premium/Discount Percentage

0.09%

Closing Price

$26.57

30 Day Median Bid/Ask Spread

0.41%

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

Data as of 01/03/2022

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

$29.27

/0.0%

4793
10.0%
70-72%
362 days
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

Data as of 01/03/2022

ETF Starting NAV/Period Return

$29.27

/0.0%

SP Index Reference Price

4793

Downside Buffer

10.0%

Expected Upside Participation

70-72%

Days Remaining

362

Current Outcome Period Values

Data as of 11/29/2022

ETF Current NAV/Period Return

26.54/
-9.33%

SPX Period Return

-17.42%

Remaining Buffer

1.57

Downside Before Buffer

N/A

Remaining Outcome Period

30

Current Outcome Period Values

Data as of 11/29/2022
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

$26.54
/-9.33%
-17.42%
1.57%
N/A
30 days

Performance

Data as of 10/31/2022

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

-3.60
-2.02
-8.73
4.35

Fund NAV

-3.61
-2.07
-8.87
4.37
S&P 500
-6.25
-6.29
-15.92
1.67

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

-3.60
-2.02
-8.73
4.35

Fund NAV

-3.61
-2.07
-8.87
4.37
S&P 500
-6.25
-6.29
-15.92
1.67

Performance

Data as of 10/31/2022
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

-3.60
-2.02
-8.73
4.35

Fund NAV

-3.61
-2.07
-8.87
4.37
S&P 500
-6.25
-6.29
-15.92
1.67
Expense ratio: 0.79%

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 (“ETFs”) 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 (“NAV”) and are not individually redeemable from the fund. Call 877-774-TRUE (8783) for performance data current to the most recent month end

Index performance does not represent True-Shares 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. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 07/1/2020, when the fund first traded on an exchange. Click here to view or download a full prospectus or click here to view or download a summary prospectus.



Definitions

S&P Downside to Floor of Buffer – How far the S&P 500 would need to fall from its current level before the downside buffer ends. A value of N/A is shown if the S&P 500 Price Index falls below the buffer. Note that this is not a reflection of how much of the buffer has been used, only how far the S&P is away from the lowest level of the buffer. To understand how much buffer remains, look at “Remaining Buffer”.

Remaining Buffer – How much of the downside buffer remains given the current price.

ETF Downside Before Buffer – How much the ETF can to lose before the protection buffer level .

Remaining Outcome Period – How long until the option structure expires.

Starting NAV – nav at start of the outcome period.

Period Return – Will be 0 as it is always at the start of the period.

SPX Index Reference Price – The S&P 500 Price Index that we will set the structured outcomes on. This is the price that the buffer starts on.

Downside Buffer – The % of downside return of the S&P 500 Price Index from the reference price that is designed to be buffered.

Estimated Upside Market Participation Rate – The estimated upside market participation rate represents the relative exposure of the fund’s call options to participate in the potential upside movement of the S&P 500 Price Index. This will be determined by the relative price of call and put options at the start of the investment period (12-month period).

Days Remaining – Amount of time until the option structure expires.

Call options – Give the buyer the right, not obligation, to buy shares of the underlying stock at the stated exercise price from the seller of the call option up until the option expires.

Put options – Give the buyer the right, not obligation, to sell shares of the underlying stock at the stated exercise price to the seller of the put option up until the option expires.

Current outcome period values should be data as of the previous close.

Current Price – Price as of date’s close.

Period Return – Return of the ETF from the start of the outcome period to the closing price on the current date.

30-Day Yield – Represents net investment income earned by the Fund expressed as an annual percentage rate based on the Fund’s share price at the end of a 30-Day period ended on the last day of the month.

Premium discount chart is not available. This chart will be available April 1, 2021.

Distribution Detail

Ex-Date Record Date Payable Date Amount
12/24/20 12/22/20 12/22/20 0.00
12/29/2021 12/30/2021 12/31/2021 1.31647

Top 10 Holdings

Data as of 11/30/2022
% of Net Assets 108.80%
Name UNITED STATES TREAS BILLS 12/29/2022
Ticker 912796R27
CUSIP 912796R27
Shares Held 4,345,000
Market Value 4.33M
% of Net Assets 0.27%
Name Cash & Other
Ticker Cash&Other
CUSIP Cash&Other
Shares Held 10,808
Market Value 10,807.87
% of Net Assets 0.00%
Name SPY 12/30/2022 477.71 C
Ticker 2SPY 221230C00477710
CUSIP 2SPY 221230C00477710
Shares Held 70
Market Value 102.09
% of Net Assets -9.08%
Name SPY 12/30/2022 429.94 P
Ticker 2SPY 221230P00429940
CUSIP 2SPY 221230P00429940
Shares Held -101
Market Value -361,348.52

Top 10 Holdings

Data as of 11/30/2022
% of Net Assets Name Ticker CUSIP Shares Held Market Value
108.80% UNITED STATES TREAS BILLS 12/29/2022 912796R27 912796R27 4,345,000 4.33M
0.27% Cash & Other Cash&Other Cash&Other 10,808 10,807.87
0.00% SPY 12/30/2022 477.71 C 2SPY 221230C00477710 2SPY 221230C00477710 70 102.09
-9.08% SPY 12/30/2022 429.94 P 2SPY 221230P00429940 2SPY 221230P00429940 -101 -361,348.52

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    Keep up with the latest JANZ news