TrueShares Structured Outcome (May) ETF
The TrueShares Structured Outcome ETF Series utilizes a “buffer protect” options strategy, that seeks to provide investors with returns (before fees and expenses) that track those of the S&P 500 Index while seeking 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.**
The May defined investment period begins on May 3, 2021 and resets 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 Return Index. While there is no guarantee the Fund will be successful in providing these outcomes in any period, the intent of the ETFs in the series is to provide uncapped equity market upside participation (subject to options pricing) with a measure of downside risk mitigation. ***
** In the event an investor purchases Shares after the date on which the options were entered into or sells Shares prior to the expiration of the options, the buffer that the Fund seeks to provide may not be available and there may be limited to no upside potential. The Fund does not provide principal protection and an investor may experience significant losses on its investment, including the loss of its entire investment.
The ETF is not designed to protect against declines of more than 8-12% in the level of the S&P 500 Price Index, and there can be no guarantee that the Fund will be successful in implementing the buffer options strategy to avoid the first 8-12% decline. Due to the cost of the options used by the Fund, the correlation of the ETF’s performance to that of the S&P 500 Price Index is expected to be less than if the ETF invested directly in the S&P 500 Price Index without using options, and could be substantially less. There is no guarantee that the ETF will be successful in providing these investment outcomes for any investment period.
***Upside participation over an investment period is subject to options pricing. Due to the cost of the options used by the fund, the correlation of the fund's performance to that of the S&P 500 Price Index will be less than if the fund invested directly in the S&P 500 Price Index without using options, and could be substantially less.
Launching May 3.
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|INCEPTION DATE||April 30, 2021|
|LISTING DATE||May 3, 2021|
|PRIMARY EXCHANGE||Cboe BZX|