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.
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.
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.
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.