NOVZ Profile
The TrueShares Structured Outcome (November) ETF is an actively managed exchange-traded fund designed to provide investors with structured exposure to the performance of the S&P 500 Price Index, using a strategic options-based approach. The fund primarily invests its assets in options contracts that are linked to the S&P 500 Index, including both call options and put options. This approach aims to deliver a specific risk-return profile by managing exposure to the index's price movements over a defined period.
On each Initial Investment Day, the fund acquires call options and writes (sells) put options on the S&P 500 Price Index or an ETF that tracks the index. The options contracts purchased have expiration dates aligned with the next Roll Date, ensuring that the fund maintains a continuous position in the market. This strategy allows the fund to potentially benefit from movements in the S&P 500 Index while managing downside risk through the use of put options.
The fund’s investment process is designed to align with a structured outcome strategy, where the goal is to offer investors a predefined level of return potential while limiting downside risk. By engaging in options trading, the fund seeks to achieve its investment objectives by capturing the index's performance within a specific range, providing investors with exposure to market movements with a managed risk profile.
As a non-diversified fund, the TrueShares Structured Outcome (November) ETF concentrates its investments in options on a single underlying index, which may involve higher risks compared to more diversified investment strategies. The fund's performance is influenced by the effectiveness of its options strategy and the movements of the S&P 500 Index. Investors should consider these factors and their individual risk tolerance when evaluating the fund as part of their investment portfolio.
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