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
$ 6.7 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | TrueMark Investments |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Mar 31, 2021 |
| Assets (mns) | $0 |
| Expense ratio | 79 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| 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 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.3% | 9.3% | 12.3% | 14.4% | -- | -- | -- | 8.8% |
| Dividend Yield | 3.6% | 3.6% | 3.4% | 3.4% | -- | -- | -- | 2.2% |
| Total Returns | 13.0% | 13.0% | 15.7% | 17.8% | -- | -- | -- | 11.0% | Ann. Volatility | 14.6% | 14.6% | 12.2% | 11.4% | -- | -- | -- | 12.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.75 | 98% |
| MSCI EAFE | 0.71 | 63% |
| MSCI Emg Mkts | 0.64 | 60% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 1.7% |
| Avg. Bid/Ask (% of price) | 0.30% |
Technical Indicators
| 30d moving avg. (EMA) | $37.59 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.15/0.15 |
| Bollinger Bands (Upper/Lower) | $38.15/$37.23 |
| Short interest (% of AUM) | 1.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)