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About Listed Funds Trust TrueShares Structured Outcome (September) ETF
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Inception date
Aug 31, 2020
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Truemark Investments LLC
Distributor
Foreside Fund Services LLC
SEPZ uses options in an effort to moderate losses on the S&P 500 over a one-year period starting each September. The fund foregoes some upside return as well as any dividend component because options are written on the price (not total) return version of the index. While aiming to prevent realization of the first 8-12% of the S&P 500 losses, the fund also allows for uncapped upside participation (less cost options), making it unique from other buffer ETFs with a stated cap on potential gains. Beyond the buffer zone, the fund will experience all subsequent losses on a one-to-one basis. Investors who buy at any other time than the annual reset may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. Even if shares are held for the entire outcome period, results may differ. The targeted buffers do not include the expense ratio. The fund is actively managed, resets annually, and utilizes both FLEX and listed options.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government94.21%
Rights & Warrants5.72%
Mutual fund0.06%
Cash0.01%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SEPZ last dividends amounted to 1.38 USD. The year before, the issuer paid 1.19 USD in dividends, which shows a 14.18% increase.
SEPZ assets under management is 108.73 M USD. It's risen 415.59% over the last month.
SEPZ fund flows account for 86.28 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SEPZ pays dividends to its holders with the dividend yield of 3.60%. The last dividend (Dec 30, 2024) amounted to 1.38 USD. The dividends are paid annually.
SEPZ shares are issued by Truemark Group LLC under the brand TrueShares. The ETF was launched on Aug 31, 2020, and its management style is Active.
SEPZ expense ratio is 0.80% meaning you'd have to pay 0.80% of your investment to help manage the fund.
SEPZ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SEPZ invests in bonds.
SEPZ price has risen by 3.38% over the last month, and its yearly performance shows a 6.87% increase. See more dynamics on SEPZ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.56% over the last month, showed a 1.82% increase in three-month performance and has increased by 9.91% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.56% over the last month, showed a 1.82% increase in three-month performance and has increased by 9.91% in a year.
SEPZ trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.