TrueShares Structured Outcome (May) ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 6 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About MAYZ
The Fund is an actively managed exchange-tradedfund (“ETF”) that seeks to achieve its investment objective by investing substantially all of its assets in optionson the S&P 500 Price Index. The Fund’s investment adviser, TrueMark Investments, LLC (the “Adviser”), employsa “buffer protect” options strategy that uses such options to seek to achieve exposure to the performance of the S&P500 Price Index (before fees and expenses) while mitigating the first 8% to 12% decline (before fees and expenses) in the performanceof the S&P 500 Price Index (the “Buffer”) over a 12-month period beginning on a specified day each May (each, a“Roll Date”). The period from one Roll Date to the next Roll Date is referred to as the “Investment Period,”and the first day of the Investment Period is referred to as the “Initial Investment Day.” The Fund purchases call options and sell(write) put options on the S&P 500 Price Index or an ETF that seeks to track the performance of the S&P 500 Price Index(each, a “S&P 500 Price Index ETF”) on each Initial Investment Day with an expiration on the next Roll Date. Anoption gives the purchaser of the option the right to purchase (for a call option) or sell (for a put option) the reference asset(or deliver cash equal to the value of the reference asset) at a specified price (“strike price”). In the event thereference asset declines in value, the value of a put option generally will increase and the value of a call option generally willdecrease and may become worthless. In the event the reference asset appreciates in value, the value of a put option generally willdecrease and become worthless and the value of a call option generally will increase. On each Initial Investment Day, the Fundwill sell (write) put options on the S&P 500 Price Index or an ETF that tracks the S&P 500 Price Index with a strike pricewithin a range of approximately 8% to 12% lower than the current value of the S&P 500 Price Index or a S&P 500 Price IndexETF. As the seller of these options, the Fund receives a premium from the buyer of the options, which the Fund invests in at-the-moneycall options on the S&P 500 Price Index or a S&P 500 Price Index ETF (i.e., call options having a strike price roughlyequal to the current value of the S&P 500 Price Index or a S&P 500 Price Index ETF). The relative price of the put optionssold (written) by the Fund to the price of the call options purchased by the Fund will determine the Fund’s exposure to theperformance of the S&P 500 Price Index during the Investment Period. Due to the cost of the options used by the Fund, thecorrelation of the Fund’s performance to that of the S&P 500 Price Index is expected to be less than if the Fund investeddirectly in the constituents of the S&P 500 Price Index (i.e., without using options), and could be substantially less.This means that if the S&P 500 Price Index experiences gains for an Investment Period, the Fund may not realize gains to thesame extent. The Fund’s strategy also seeks toprotect Investors from a decline of up to 8% to 12% in the performance of the S&P 500 Price Index from one Roll Date to thenext Roll Date. When the Adviser sells puts on the S&P 500 Price Index to create the buffer range, the proceeds are used topurchase calls at the money. However, not all puts generate the same premium relative to the downside exposure of the Fund. TheAdviser seeks to deliver a buffer of 10% from the reference price of the S&P 500 Price Index on the first trading day of themonth. However, the market could fluctuate on or after the buffer is set and this range allows for market condition volatility.The Fund is not designed to protect against declines of more than 8% to 12% in the performance of the S&P 500 Price Index,and there can be no guarantee that the Fund will be successful in implementing the buffer protect options strategy to protect againstthe first 8% to 12% decline. Additionally, even if the Fund mitigates a decline in the performance of the S&P 500 PriceIndex from one Roll Date to the next Roll Date, the Fund’s returns during the Investment Period (prior to the next Roll Date)may not reflect the buffer protect options strategy. The Fund invests in either standardizedexchange-listed options or in exchange-traded Flexible Exchange Options (“FLEX Options”). FLEX Options are customizedexchange-traded option contracts available through the Chicago Board Option Exchange (“Cboe”) that are guaranteed forsettlement by The Options Clearing Corporation (“OCC”). FLEX Options provide investors with the ability to customizeexercise prices, exercise styles, and expiration dates, while achieving price discovery in competitive, transparent, auction marketsand avoiding the counterparty exposure of over-the-counter (“OTC”) options positions. The Fund invests in European-styleFLEX Options (i.e., they can only be exercised at the expiration date of the option) based on the performance of the S&P500 Price Index or a S&P 500 Price Index ETF and which have an expiration date that is the last day of the Investment Periodonly. In general, the Fund to invests, to the greatest extent possible, in FLEX Options, as these options provide the best combinationof OCC guarantees, price discovery, customization, and European-style settlement that is ideal for the Fund. However, the Fundmay use listed options to provide an additional source of desired market exposure when the Adviser believes doing so will be beneficialto the Fund. The Fund also to invests in U.S. Treasury bonds or money market funds that invest in U.S. Treasury bonds. The Fund is designed to provide the outcomesbelow (before fees and expenses) during each individual Investment Period. The outcomes would be lower if the fees and expenseswere included. Change in the Returns of the S&P 500 Price Index Expected Change in the Returns of the Fund Declines between -8% and -12% (or more) Declines 8% to 12% percentage points less than the S&P 500 Price Index (e.g., if the S&P 500 Price Index returns -35%, the Fund is designed to return -23% to -27%) Declines between 0% and -8% No change Appreciates The Fund’s returns will appreciate to a similar extent as the S&P 500 Price Index The charts below illustrate the hypotheticalreturns that the Fund seeks to provide in certain illustrative scenarios for a shareholder that purchases Shares on the InitialInvestment Day and holds such Shares for the entire Investment Period. These charts do not take into account payment by the Fundof Total Annual Fund Operating Expenses and assume a buffer of 10%. There is no guarantee that the Fund will be successful inproviding these investment outcomes for any Investment Period. The Fund includes a mix of purchased andwritten (sold) put and call options structured to seek to achieve the results described above. The seeks to achieve the resultsdescribed above for investments made on the Initial Investment Day and held until the last day of the Investment Period. Investmentsmade on any day other than the Initial Investment Day may differ significantly, positively or negatively, from the results describedabove. The Fund’s website, www.true-shares.com, contains information about the Fund’s holdings, and the performanceof the S&P 500 Price Index as of the Initial Investment Day and the prior business day to assist an investor in understandingthe range of results such investor can expect for investments made at times other than on the Initial Investment Day. Additionally, the Fund’s websiteprovides information relating to the returns of the Fund, including the Fund’s Buffer and its position relative to the performanceof the S&P 500 Price Index on a daily basis. The Fund’s operations are continuous.It will not terminate and distribute its assets at the conclusion of an Investment Period. On each Roll Date, another InvestmentPeriod will commence and the Fund will invest in a new set of options.
MAYZ News
- (MAYZ) Volatility Zones as Tactical Triggers
- Price-Driven Insight from (MAYZ) for Rule-Based Strategy
- (MAYZ) Price Dynamics and Execution-Aware Positioning
- (MAYZ) Price Dynamics and Execution-Aware Positioning
- TrueShares Structured Outcome (May) ETF (BATS:MAYZ) Short Interest Down 70.5% in June
- (MAYZ) as a Liquidity Pulse for Institutional Tactics
- (MAYZ) Risk Channels and Responsive Allocation
Data for MAYZ is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.