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Sunday, August 23, 2026The Morning Brief →Sign in

TrueShares Structured Outcome (September) ETF

$46.30+0.39% today
404752-WK

The fund is an actively-managed ETF that seeks to achieve its investment objective by investing substantially all of its assets in options that reference the S&P 500 Price Index. It will purchase call options and sell put options on the index or an ETF that tracks the index on each Initial Investment Day with an expiration on the next Roll Date. It is non-diversified.

Price & daily flows
45.443.441.346.30DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +9.7% so far this year. At 0.79% a year it is not the cheapest way in — LQD runs the same ground at 0.14%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$19Massets under management
0.79%expense ratio · $79 per $10,000 a year
net flow, trailing month
9Kavg daily volume, 30 days
5holdings · US-domiciled
2020listed August 30, 2020 · beta 0.82
Sector weights
Other100%
Government88.37%
Technology28.84%
Healthcare13.66%
Financial Services11.87%
Rights & Warrants11.51%
Consumer Cyclical10.85%
Communication Services8.52%
Industrials8.23%
Consumer Defensive6.71%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Other100%
United States0.23%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-1.3%
1 month+3.2%
3 months+2.1%
6 months+9.6%
YTD+9.7%
1 year+12.2%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
12%realized volatility, 30 days (annualized)
11%realized volatility, 1 year
-8.5%deepest fall from a peak, 1 year
-1.5%where it sits vs. that peak today

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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