TRUESHARES

QBUL

TrueShares Quarterly Bull Hedge ETF

Why Invest in QBUL

TRUEOUTCOME

The TrueShares Quarterly Bull Hedge ETF is an actively managed fund that aims to provide the benefits of partial equity exposure while mitigating the risk posed by 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 call 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. Over the long-term, the adviser expects income from the debt securities and the potential capital appreciation from call options to establish the potential for a positive total return while maintaining substantial protection of principal.

Why Invest in QBUL

TRUEOUTCOME

The TrueShares Quarterly Bull Hedge ETF is an actively managed fund that aims to provide the benefits of partial equity exposure while mitigating the risk posed by 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 call 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. Over the long-term, the adviser expects income from the debt securities and the potential capital appreciation from call options to establish the potential for a positive total return while maintaining substantial protection of principal.

FUND SUMMARY

About the QBUL ETF

Fund Details

Data as of 5/31/2024

Inception Date

June 28, 2024

CUSIP

210322400

Primary Exchange

Cboe BZX

Ticker

QBUL

Fund Listing

07/01/2024

IOPV Symbol

N/A

NAV Symbol

QBUL.NV

Expense Ratio

0.79%

30 Day SEC Yield

Fund Data & Pricing

Data as of 2024/07/24
Net Assets as of 2024/07/24
$38.41M

NAV

$25.11

Shares Outstanding

1,530,000

Premium/Discount Percentage

0.0%

Closing Price

$25.11

30 Day Median Bid/Ask Spread

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 QBUL ETF

Fund Details

Data as of 5/31/2024

Inception Date

June 28, 2024

Fund Listing

07/01/2024

Primary Exchange

Cboe BZX

Ticker

QBUL

CUSIP

210322400

IOPV Symbol

N/A

NAV Symbol

QBUL.NV

Expense Ratio

0.79%

30 Day SEC Yield

Fund Materials

Fund Materials

Fund Data & Pricing

Data as of 2024/07/24
Net Assets as of 2024/07/24
$38.41M

NAV

$25.11

Shares Outstanding

1,530,000

Premium/Discount Percentage

0.0%

Closing Price

$25.11

30 Day Median Bid/Ask Spread

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 07/24/2024

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

Fund Materials

Fund Data & Pricing

Data as of 2024/07/24
Net Assets as of 2024/07/24
$38.41M

NAV

$25.11

Shares Outstanding

1,530,000

Premium/Discount Percentage

0.0%

Closing Price

$25.11

30 Day Median Bid/Ask Spread

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 07/24/2024

ETF Current NAV/Period Return

25.11/

SPX Period Return

Remaining Buffer

Downside Before Buffer

Remaining Outcome Period

Current Outcome Period Values

Data as of 07/24/2024
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

$25.11

Performance

Data as of 6/29/2024

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

Fund NAV

S&P 500

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

Fund NAV

S&P 500
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.

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.

Performance

Data as of 6/29/2024
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

Fund NAV

S&P 500
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.

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.

Distribution Detail

Ex-Date Record Date Payable Date Amount Rate Type
- - - - -

Top 10 Holdings

Data as of 07/25/2024
% of Net Assets 99.13
Name TREASURY BILL B 09/19/24
Ticker 912797KL0
CUSIP 912797KL0
Shares Held 38,400,000
Market Value 38.09M
% of Net Assets 0.45
Name STATE STREET INST U.S. GOVERNMENT MMKT ADMN CLASS
Ticker SALXX
CUSIP 857492656
Shares Held 174,045
Market Value 174,045.80
% of Net Assets 0.42
Name SPY 09/20/24 C567.08
Ticker 4SPY 240920C00567080
CUSIP YC5670920
Shares Held 467
Market Value 161,614.69

Top 10 Holdings

Data as of 07/25/2024
% of Net Assets Name Ticker CUSIP Shares Held Market Value
99.13 TREASURY BILL B 09/19/24 912797KL0 912797KL0 38,400,000 38.09M
0.45 STATE STREET INST U.S. GOVERNMENT MMKT ADMN CLASS SALXX 857492656 174,045 174,045.80
0.42 SPY 09/20/24 C567.08 4SPY 240920C00567080 YC5670920 467 161,614.69

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