SEPZ
TrueShares Structured Outcome (September) ETF
📎 Investment Objective
The TrueShares Structured Outcome (September) ETF seeks to provide investors with returns that match those of the S&P 500 Index up to a predetermined cap, while providing a buffer against the first 10% of losses in the S&P 500 Index over the course of a one-year period.
Overview
ETF tracking TrueShares Structured Outcome (September) ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The TrueShares Structured Outcome (September) ETF seeks to provide investors with returns that match those of the S&P 500 Index up to a predetermined cap, while providing a buffer against the first 10% of losses in the S&P 500 Index over the course of a one-year period.
🎯 Investment Strategy
The ETF uses an options-based strategy to achieve its objective. It holds a portfolio of FLexible EXchange (FLEX) options on the S&P 500 Index that are designed to provide the desired upside participation and downside buffer.
✨ Key Features
- Seeks to match S&P 500 returns up to a cap, while providing a 10% buffer against losses
- One-year outcome period resets each September
- Managed options-based strategy that aims for defined outcomes
- Expense ratio of 0.00%
⚠️ Primary Risks
- Market risk - the ETF's returns are tied to the performance of the S&P 500 Index
- Capped upside potential - returns are capped at a predetermined level, limiting upside participation
- Counterparty risk - the ETF relies on the ability of options counterparties to fulfill their obligations
- Liquidity risk - the options used may have limited liquidity, affecting the ETF's ability to achieve its objectives
👤 Best For
This ETF may be suitable for investors seeking S&P 500 exposure with defined downside protection, who have a one-year investment horizon and understand the trade-offs between capped upside and buffer against losses. It may be particularly appealing to more conservative investors or those nearing retirement.