NOVZ

TrueShares Structured Outcome (November) ETF

$44.93

+0.00%

Market closed. Last update: 12:29 PM ET

📎 Investment Objective

The TrueShares Structured Outcome (November) ETF seeks to provide investment returns that match the price return of the SPDR S&P 500 ETF Trust (SPY) up to a predetermined upside cap, while providing a buffer against the first 10% of losses in the S&P 500 Index.

Overview

Novagen Ingenium Inc is a development stage company. It is in the business of engine design and development, precision engineering services and industrial services supply.

Category Industrials

Issuer Other

Inception Date 2025-08-11

Market Cap $2.5B

Average Volume N/A

Dividend Yield 2.63%

52-Week Range $35.49 - $45.71

VWAP $44.89

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF uses a structured outcome strategy, investing in a portfolio of options contracts to provide the desired level of upside participation and downside protection. The fund resets its parameters annually in November to maintain its targeted outcome profile.

✨ Key Features

Seeks to match the upside of the S&P 500 up to a predetermined cap
Provides a 10% buffer against losses in the S&P 500
Resets parameters annually in November to maintain its outcome profile
Designed as a buy-and-hold investment to be held for the full outcome period

⚠️ Primary Risks

Market risk: The fund's returns are tied to the performance of the S&P 500, and it will be subject to the same market fluctuations
Capped upside potential: The fund's returns are capped at a predetermined level, limiting its upside participation
Counterparty risk: The fund's options-based strategy exposes it to the creditworthiness of its counterparties
Liquidity risk: The fund's options-based strategy may limit its liquidity compared to traditional equity funds

👤 Best For

The TrueShares Structured Outcome (November) ETF may be suitable for investors seeking equity-like returns with a defined level of downside protection. It is best suited for investors with a medium-term investment horizon who are willing to forgo some upside potential in exchange for the fund's risk management features.