Key stats
About Listed Funds Trust TrueShares Structured Outcome (September) ETF
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Inception date
Aug 31, 2020
Structure
Open-Ended Fund
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
Mutual fund
Government
Bonds, Cash & Other100.00%
Mutual fund77.18%
Government19.90%
Rights & Warrants2.69%
Cash0.23%
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