When President Trump announced sweeping 10% tariffs on April 2, the markets did not take kindly to the news. 

The following day, the S&P 500 and the Nasdaq experienced their worst trading day since 2020 and the Dow Jones Industrial Average shed 1,700 points.¹ China announced retaliatory tariffs on Friday, April 4, which helped push the Nasdaq into a bear market, took another 2,200 points off the Dow and left the S&P 500 down 17% from its high in February.^1,2 It was one of the market’s worst weeks since the beginning of the coronavirus pandemic.²

Needless to say, it was a bad week on Wall Street. 

But, TrueShares TrueOutcome products are designed specifically for these chaotic storms of volatility. They have built-in hedges to help investors stay invested through the turbulence and even take advantage of the market’s worst days.

Just look at how the Quarterly Bear Hedge ETF (QBER) and the Seasonality Laddered Buffered ETF (ONEZ) performed against the S&P 500 Index as a percentage change from March 24 through April 8.

For standardized performance for QBER, visit: https://www.true-shares.com/qber/ 
For standardized performance for ONEZ, visit: https://www.true-shares.com/onez/ 

Performance data quoted on this website represents past performance and does not guarantee future results.  Current performance may be lower or higher than the performance shown.  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.  Call 877-774-TRUE (8783) for performance data current to the most recent month end. Please view the factsheet for quarter-end standardized performance.  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. Shares are bought and sold at market price not net asset value and are not individually redeemable from the fund.

1. https://www.usatoday.com/story/money/2025/04/15/tariffs-stock-market-panic-sell/83040188007/ 
2. https://www.nytimes.com/live/2025/04/04/business/trump-tariffs-stocks-economy

Fund Disclosures:

ONEZ and QBER (“The Funds”) may not achieve its objective and/or you could lose money on your investment in the Funds. The Funds are recently organized with no operating history for prospective investors to base their investment decision which may increase risks. Some of the Funds’ key risks, include but are not limited to the following risks. Please see the Funds’ prospectus for further information on these and other risk considerations.

• ETF Risks. As ETFs, the Funds are 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.
• FLEX Options Risk. The Funds may invest in FLEX Options issued and guaranteed for settlement by the OCC. The Funds bear the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. Additionally, FLEX Options may become illiquid, and in such cases, the Funds may have difficulty closing out certain FLEX Options positions at desired times and prices.
• Derivatives Risk. Derivatives may be more sensitive to changes in economic or market conditions than other types of investments.
• 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.

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 apply and will reduce returns. Investing involves risk, including the loss of principal.

The TrueShares Seasonality Laddered Buffered ETF (ONEZ) is also subject to the following risks:

• Options Risk. Buying and selling (writing) options are speculative activities and entail greater investment risks.
• Active Management Risk. The adviser’s judgments about an investment may prove to be incorrect or fail to have the intended results, which could adversely impact the Fund’s performance.
• Buffered Loss Risk. There can be no guarantee that the Fund will be successful in its strategy to buffer against underlying ETF price declines. Despite the intended hedge period buffer, a shareholder may lose money by investing in the Fund.
• Underlying Funds Risk. An Underlying Fund’s assets may be invested in a limited number of securities which may subject the Underlying Fund, and thus the Fund, to greater risk and volatility than if investments had been made in a larger number of securities.
• Fixed Income Securities Risk. When an underlying ETF invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. In general, the market price of fixed income securities with longer maturities will increase or decrease more in response to changes in interest rates than shorter-term securities.
• Strike Price: Long options contracts are derivatives that give the holders the right but not the obligation to buy or sell an underlying security at some point in the future at a pre-specified price. This price is known as the option’s strike price or exercise price. The strike price of a call option is where the security can be bought by the option holder. The strike price of a put option is the price at which the security can be sold.

The TrueShares Quarterly Bear Hedge ETF (QBER) is also subject to the following risks:

• Options Risk. Buying and selling (writing) options are speculative activities and entail greater investment risks. As the buyer of a call option, the Fund risks losing the entire premium invested in the option if the Fund does not exercise the option.
• Active Management Risk. The adviser’s judgments about an investment may prove to be incorrect or fail to have the intended results, which could adversely impact the Fund’s performance. The adviser’s tail risk strategy is not designed for upside participation in the markets and will underperform in rising equity markets relative to traditional long-only equity strategies. While the adviser’s strategy is designed to benefit from meaningful declines in the domestic large cap equity market, the Fund will not fully benefit from any given downswing in the market. When the adviser selects out-of-the money put options, the Fund will not participate in equity market declines until they exceed the strike price of the put option. Lower interest rates or higher put option prices will tend to increase the cost of attempting to benefit from meaningful declines in the U.S. large capitalization equity markets.
• Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. In general, the market price of fixed income securities with longer maturities will increase or decrease more in response to changes in interest rates than shorter-term securities.