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
$ 33.7 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 BILLS | 87.7 % |
| SPY 03/31/27 C650.34 EURO CASH FLEX | 7.6 % |
| SPY 03/31/27 C717.00 EURO CASH FLEX | 1.9 % |
| SPY 03/31/27 C719.00 EURO CASH FLEX | 1.8 % |
| SPY 03/31/27 C654.00 EURO CASH FLEX | 0.5 % |
| SPY 03/31/27 C700.00 EURO CASH FLEX | 0.3 % |
| SPY 03/31/27 C734.00 EURO CASH FLEX | 0.2 % |
| SPY 03/31/27 C651.00 EURO CASH FLEX | 0.2 % |
| SPY 03/31/27 C774.01 EURO CASH FLEX | 0.1 % |
| STATE STREET INSTL US GOVT MMKT ADMIN | 0.1 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.0% | 6.4% | 8.0% | 12.9% | 8.9% | -- | -- | 9.1% |
| Dividend Yield | 0.0% | 3.5% | 3.3% | 3.4% | 2.1% | -- | -- | 1.9% |
| Total Returns | 8.0% | 9.9% | 11.3% | 16.3% | 11.0% | -- | -- | 11.0% | Ann. Volatility | 11.6% | 11.3% | 12.9% | 11.8% | 12.7% | -- | -- | 12.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.86 | 97% |
| MSCI EAFE | 0.55 | 60% |
| MSCI Emg Mkts | 0.34 | 57% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.20% |
Technical Indicators
| 30d moving avg. (EMA) | $40.27 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.36/0.27 |
| Bollinger Bands (Upper/Lower) | $41.61/$38.85 |
| Short interest (% of AUM) | 0.2% |
Distributions