SEPZ Profile
The TrueShares Structured Outcome (September) ETF is an actively managed exchange-traded fund designed to offer investors a structured exposure to the S&P 500 Price Index. The fund aims to achieve its investment objectives by focusing on options strategies involving the S&P 500 Index. Specifically, it allocates nearly all of its assets to a combination of call and put options that are directly tied to the performance of the index. This strategy provides a structured outcome based on the index’s performance.
The ETF operates by purchasing call options and selling put options on the S&P 500 Index or on an exchange-traded fund (ETF) that tracks the index. This approach is implemented on the Initial Investment Day, with the options set to expire on the subsequent Roll Date. By engaging in these options trades, the fund seeks to provide a defined risk and return profile, which is adjusted according to the changes in the index’s performance. The active management of these options allows the fund to aim for targeted outcomes, potentially offering investors a form of downside protection along with participation in index gains.
The TrueShares Structured Outcome (September) ETF is structured to be non-diversified, meaning it does not spread its investments across a wide array of assets or sectors. Instead, it focuses intensively on options related to the S&P 500 Index. This concentrated investment approach can lead to significant exposure to the performance of the index, which may result in higher volatility and specific risks associated with options trading. Investors should be aware of these factors when considering the fund's suitability for their portfolios.
In essence, this ETF offers a unique investment vehicle for those seeking structured exposure to the S&P 500 Index, leveraging options strategies to potentially enhance returns and manage risks. The fund’s focus on a specific set of financial instruments and its method of rolling options contracts contribute to its distinctive investment profile. Investors looking for a targeted approach to participating in the S&P 500's performance may find this ETF an appealing option, given its structured and actively managed strategy.
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