Before investing, carefully consider the True-Shares ETFs investment objectives, risks, charges and expenses. Specific information about True-Shares is contained in the prospectus and a summary prospectus, copies of which may be obtained by visiting www.trueshares.com. Read the prospectus carefully before you invest.

Foreside Fund Services, LLC, distributor.

An investment in TrueShares Low Volatility Equity Income ETF is subject to numerous risks, including possible loss of principal. 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. Dividend Paying Security Risk. Securities that pay high dividends as a group can fall out of favor with the market, causing these companies to underperform companies that do not pay high dividends. Dividends may also be reduced or discontinued. 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. Market Capitalization Risk. The Fund may invest is securities across all market cap ranges. The securities of large-capitalization companies may be relatively mature compared to smaller companies and therefore subject to slower growth during times of economic expansion and may also be unable to respond quickly to new competitive challenges, such as changes in technology and consumer tastes. The securities of mid-capitalization companies may be more vulnerable to adverse issuer, market, political, or economic developments than securities of large-capitalization companies and generally trade in lower volumes and are subject to greater and more unpredictable price changes than large capitalization stocks. The securities of small-capitalization companies may be more vulnerable to adverse issuer, market, political, or economic developments than securities of large- or mid-capitalization companies and generally trade in lower volumes and are subject to greater and more unpredictable price changes than large- or mid-capitalization stocks. Depositary Receipts Risk. American Depositary Receipts (“ADRs”) have risks similar to those of foreign securities (political and economic conditions, changes in the exchange rates, etc.) and entitle the holder to all dividends and capital gains that are paid out on the underlying foreign shares.

All registered investment companies, including TrueShares, are obliged to distribute portfolio gains to shareholders at year-end regardless of performance. Trading in TrueShares ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer.

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 will reduce returns.

The S&P 500 Index is a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices, and many consider it to be one of the best representations of the U.S. stock market.

ETF shares may be bought or sold throughout the day at their market price, not their NAV, on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market.

ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF’s NAV. Brokerage commissions and ETF expenses will reduce returns.

TrueShares ETFs (the “Funds”) are registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940 and are distributed by Foreside Funds

Services, LLC., member FINRA.

TrueMark Investments, LLC, not an affiliate of Foreside Fund Services, LLC., is the investment advisor to the Funds and receives a fee from the Funds for its services.

TrueShares ETFs are offered only to United States residents, and information in this document is intended only for such persons. Nothing herein 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.

For more information about the Funds, please contact TrueMark Investments by phone at 877.774.TRUE (8783), email at info@true-shares.com, or by visiting our website at https://www.trueshares.com.

TrueMark Investments, 9450 W. Bryn Mawr, Suite 700, Rosemont, IL 60018.

NOT FDIC INSURED — NO BANK GUARANTEE — MAY LOSE VALUE

2 comments

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Philip Kauppila June 29, 2021

Any comment or insight on liquidity during the 12 month investment period? For example, let's say that I invest in the 2nd round of July (for 2021) for the next 12 months and the market goes down 10% during the next 30 days. Has there been much of a market for selling July to perhaps taking advantage of August (2nd round)?

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Trueshares July 2, 2021

Yes, there is liquidity in the fund during the 12 month period provided by the Market Maker. They work across all of our structured outcome portfolios to provide liquidity for investors every day. Just use a limit order when you make your purchase/sale and they will provide all the liquidity you need. This article provides some detail about how Market Makers provide ETF’s liquidity. As to your example, many investors have chosen to make the kind of trade between months as you describe to reset their reference price. However, the buffer will only be fully realized at the end of the term. So in the situation you describe, the fund will be down in the first month with the market, just not as much. So you would have some protection near term and you could reset your reference price by moving into the new structure…AUGZ in your example. Please remember, if you have any issues buying or selling our funds, just give us a call at 877-774-TRUE or email us at info@true-shares.com and we can work with the market maker to facilitate trades.

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