TrueShares Quarterly Bull Hedge 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 14 holdings as of Jan 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About QBUL
TheFund is an actively managed ETF that aims to provide the benefits of partial equity exposure while mitigating the risk posed by a declinein U.S. equity markets. The adviser’s strategy is designed to achieve the Fund’s goals, typically, over rolling three-monthperiods. This strategy potentially results in growth with lower volatility and mitigated downside equity market risk (sometimes referredto as “tail risk”). The Fund seeks to achieve its goals by combining: (1) an investment of substantially all its assets ina portfolio of short-term income-generating debt securities with (2) a modest investment in call options on securities or indexes thatare representative of U.S. large capitalization companies. Over the long-term, the adviser expects income from the debt securities andcapital gains from call options to combine to fulfill the “total return” aspect of the Fund’s investment objective. IncomeComponent TheFund seeks income through a strategy focused on high-quality short-term fixed income debt securities. The Fund anticipates a typicalmaturity of three months for its income portfolio but may invest in securities with a duration of one-year or less. The Fund investswithout restriction as to issuer type but anticipates investing primarily in securities of the U.S. Government, its agencies,instrumentalities and sponsored enterprises; fixed-income ETFs; and corporations. Togenerate higher income, the Fund may also employ an option box spread strategy. While gains from options are capital gains, thisoptions strategy is commonly referred to as an income producer and, therefore, is included in the Fund’s income componentdescription. A box spread is a four-part, same expiration date, option portfolio with a maturity payout that does not vary andis considered a form of synthetic money market instrument. For example, the four parts of a box spread could be composed of (i)a long $5 in-the-money call option position paired with (ii) a written $5 out-of-the-money call option position; and (iii) a long$5 in-the-money put option position paired with (iv) a written $5 out-of-the-money put option position. At expiration of the options,no matter what the price of the underlying reference asset is, the payout to the Fund will be $10. If the Fund can construct thisportfolio for less than $10 it will be profitable at expiration. Thechart below illustrates the $10 payout that results from the example above. As the call leg increases in value, the put leg decreasesin value such that, in total, the payoff is always $10. Whenthe call options and income-generating investments carry matching maturities, an amount equal to the yield from the income strategy,net of the Fund’s management fee, is deployed to trade call options. If the income-generating investments carry a durationlonger than the call positions, the amount invested in call options will be an amount equal to annualized income net of managementfee and divided by the number of three-month segments remaining until maturity and capped at that amount for each rolling three-monthperiod. At times, the presence of an extreme low-rate environment could make generating income more challenging, which may resultin the Fund utilizing a maximum of one percent (net of the Fund’s management fee) of portfolio principal per three-monthrolling period to implement the call options strategy. CallOptions Component TheFund invests a modest portion of its portfolio in standardized exchange-listed options or in exchange-traded FLexible EXchangeOptions® (“FLEX Options”), which are customized exchange-traded option contracts available throughthe Chicago Board Option Exchange (“Cboe”) that are guaranteed for settlement by The Options Clearing Corporation(“OCC”). The adviser selects options on securities, indexes, or ETFs that it believes are representative of U.S. largecapitalization companies. The Fund defines large- capitalization companies as those with market capitalizations above $10 billionat the time of measurement, and defines U.S. companies as those organized in the U.S.; having a class of securities whose principalsecurities market is in the U.S.; or derives 50% or more of its total revenues or earnings from goods produced, sales made, orservices provided in the U.S., or maintains 50% or more of its employees, assets, investments, operations, or other business activityin the U.S. Acall option gives the owner the right, but not the obligation, to buy a reference asset at a specified price (strike price) withinor at the end of a specific time period. In the event the reference asset declines in value, the value of a call option generallywill decrease, whereas the value of a call option will generally increase if the reference asset appreciates in value. Under normalcircumstances, the Fund anticipates trading options on rolling three-month periods (i.e., quarterly); however, the Fund may tradeoptions with expiration dates that are modestly longer or shorter than three months for a number of reasons such as if marketvolatility renders them more cost- effective. Atthe beginning of each three-month period, the Fund purchases out of the money (above current market price) or at-the-money calloptions. The adviser evaluates the relative prices of at-the-money and out-of-the money options and selects those with the highestexpected return in light of then-recent U.S. large capitalization equity market volatility. The partial amount of equity upsidethe Fund captures is dictated by the adviser’s strategy of targeting investments in call options to an amount approximatelyequal to the amount of income generated by the Fund’s portfolio. Using this strategy, based on recent market conditions,the adviser anticipates that the Fund will capture 20% to 40% of U.S. large capitalization equity market gains on a quarter-to-quarterbasis. SubstantialProtection of Principal Theincome component of the Fund’s portfolio is expected to represent at least 98% of its assets on a quarter-to-quarter basis,which the adviser believes will fulfil the “substantial protection of principal” aspect of the Fund’s investmentobjective. For example, even if a 2% call options component of the Fund’s portfolio expired worthless, the Fund would stillhave at least 98% of its value preserved by the high-quality short-term fixed income debt securities portfolio. Actual value preservedis expected to be somewhat higher than 98% because interest earned is expected to be higher than Fund expenses. The adviser believesthat protection of at least 98% of principal on a quarter-to-quarter basis, even in adverse low-rate environments, would be consideredsubstantial protection by most investors.
QBUL News
- Understanding the Setup: (QBUL) and Scalable Risk
- The Technical Signals Behind (QBUL) That Institutions Follow
- Precision Trading with Trueshares Quarterly Bull Hedge Etf (QBUL) Risk Zones
- Precision Trading with Trueshares Quarterly Bull Hedge Etf (QBUL) Risk Zones
- Technical Reactions to QBUL Trends in Macro Strategies
- Trading the Move, Not the Narrative: (QBUL) Edition
Data for QBUL 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.