APRZ
TrueShares Structured Outcome (April) ETF
APRZ aims for specific buffered losses on the S&P 500 over a specific holdings period with uncapped gains, subject to strategy costs. The actively managed fund holds options and collateral.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
$ 15.4 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Inception date | Mar 31, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY BILL 03/19/2026 | 82.2 % |
| SPY 03/31/2026 559.39 C | 12.1 % |
| CASH & OTHER | 7.1 % |
| SPY 03/31/2026 503.45 P | -1.5 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -0.1% | 8.3% | 9.1% | 12.7% | -- | -- | -- | 8.5% |
| Dividend Yield | 0.0% | 3.6% | 3.3% | 3.4% | -- | -- | -- | 2.1% |
| Total Returns | -0.1% | 11.9% | 12.4% | 16.1% | -- | -- | -- | 10.6% | Ann. Volatility | 11.6% | 14.8% | 12.3% | 11.4% | -- | -- | -- | 12.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 98% |
| MSCI EAFE | 0.72 | 64% |
| MSCI Emg Mkts | 0.63 | 59% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.40% |
Technical Indicators
| 30d moving avg. (EMA) | $37.54 |
| Relative strength (RSI) | 49 |
| MACD/Signal | -0.05/-0.05 |
| Bollinger Bands (Upper/Lower) | $38.04/$37.00 |
| Short interest (% of AUM) | 1.5% |
Distributions
Bid/Ask Spreads
40 bp
AVG SPREAD
15 —
603 bp
RANGE