NOVZ TrueShares Structured Outcome (November) ETF
Quote as of Oct 09, 2026 19:32 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 48.06 | Day Range | 48.30 – 48.36 |
| 52-Week Range | 41.57 – 48.44 | Volume | 1.01K |
| Avg Volume | 3.76K | AUM | $37.5M (Oct 10, 2026) |
| Expense Ratio | 0.79% | Yield (TTM) | 3.25% |
| NAV | 48.09 | Premium/Discount | +0.44% indicative |
| Inception | Oct 30, 2020 | Holdings | 18 |
| Issuer | TrueShares | Exchange | CBOE |
| Category | International | Index Tracked | Not stated in source data |
| CUSIP | 210322772 | ISIN | US2103227722 |
| Management | Actively managed (per issuer description) | ||
About this ETF
This actively managed exchange-traded fund (ETF) pursues its investment goals by committing nearly all of its assets to options contracts that derive their value from an underlying index. Specifically, on each designated "Initial Investment Day," the fund systematically purchases call options and sells put options. These options are tied to either the S&P 500 Price Index directly or an ETF designed to track its performance, and they are structured to mature by the subsequent "Roll Date." The fund operates with a non-diversified investment approach.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +1.58% | +1.92% | +10.43% | +10.15% | +7.84% | +13.37% | +9.02% | — | +11.73% |
| Total return | +1.58% | +1.92% | +10.43% | +10.15% | +11.68% | +16.66% | +11.08% | — | +13.50% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.79% | Annual cost of a $10,000 investment | $79.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 18 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | TREASURY BILL B 10/29/26 | — | 91.63% | 34.61M | $34.5M |
| 2 | SPY 10/30/26 C682.09 Euro Cash Flex | — | 4.43% | 170 | $1.7M |
| 3 | SPY 10/30/26 C717.00 Euro Cash Flex | — | 1.00% | 59 | $375.6K |
| 4 | SPY 10/30/26 C719.00 Euro Cash Flex | — | 0.97% | 59 | $364.0K |
| 5 | SPY 10/30/26 C682.07 Euro Cash Flex | — | 0.63% | 24 | $235.7K |
| 6 | SPY 10/30/26 C756.01 Euro Cash Flex | — | 0.27% | 38 | $100.9K |
| 7 | SPY 10/30/26 C697.01 Euro Cash Flex | — | 0.24% | 11 | $91.7K |
| 8 | SPY 10/30/26 C690.01 Euro Cash Flex | — | 0.24% | 10 | $90.3K |
| 9 | SPY 10/30/26 C739.00 Euro Cash Flex | — | 0.18% | 16 | $67.7K |
| 10 | SPY 10/30/26 C758.01 Euro Cash Flex | — | 0.11% | 16 | $39.7K |
| 11 | STATE STREET INST U.S. GOVERNMENT MMKT ADMN… | — | 0.08% | 30.51K | $30.5K |
| 12 | SPY 10/30/26 C772.01 Euro Cash Flex | — | 0.08% | 21 | $28.4K |
| 13 | SPY 10/30/26 C710.00 Euro Cash Flex | — | 0.06% | 3 | $21.2K |
| 14 | SPY 10/30/26 C693.00 Euro Cash Flex | — | 0.05% | 2 | $17.5K |
| 15 | SPY 10/30/26 C700.00 Euro Cash Flex | — | 0.04% | 2 | $16.1K |
| 16 | BROKER SWEEP | — | 0.02% | 8.02K | $8.0K |
| 17 | SPY 10/30/26 C714.00 Euro Cash Flex | — | 0.02% | 1 | $6.7K |
| 18 | SPY 10/30/26 P613.85 Euro Cash Flex | — | -0.02% | -580 | -$6.3K |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 3.25% | Paid (last 12 months) | $1.5719 |
| Frequency | Annual | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Dec 24, 2025 | Last payment | $1.5719 (Dec 26, 2025) |
| Growth 1Y | +33.17% | Growth 3Y / 5Y (ann.) | +176.70% / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 24, 2025 | Dec 24, 2025 | Dec 26, 2025 | $1.5719 |
| Dec 27, 2024 | Dec 27, 2024 | Dec 30, 2024 | $1.1804 |
| Dec 27, 2023 | Dec 28, 2023 | Dec 29, 2023 | $0.7889 |
| Dec 29, 2022 | Dec 30, 2022 | Jan 03, 2023 | $0.0742 |
| Dec 29, 2021 | Dec 30, 2021 | Dec 31, 2021 | $0.1730 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 9.79% / 11.61% | Sharpe 1Y / 3Y | 1.09 / 1.15 |
| Max drawdown 1Y / 3Y | -6.71% / -14.62% | Sortino 1Y | 1.64 |
| Beta vs S&P 500 (3Y) | 0.749 | Correlation vs S&P 500 (1Y) | 0.988 |
| Downside deviation 1Y | 6.49% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 11, 2026. Formulas →
Liquidity
| Volume today | 1.01K | Average volume | 3.76K |
| AUM | $37.5M | Premium/Discount | +0.44% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$133.4K | -0.35% | $37.6M → $37.5M |
| 1 Month | -$87.1K | -0.23% | $37.1M → $37.5M |
| 1 Week | $77.6K | +0.21% | $37.1M → $37.5M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for NOVZ
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.