LRNZ
TrueShares Technology, AI & Deep Learning ETF
LRNZ is actively managed and invests in global equities focused on artificial intelligence and deep learning.
Global
EQUITY
Active
MANAGEMENT STYLE
36.7 M
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Fund sponsor | TrueMark Investments, LLC |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 28, 2020 |
| Assets (mns) | $37 |
| Expense ratio | 69 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 11.4 % |
| CLOUDFLARE INC CLASS A | 11.4 % |
| NVIDIA CORP | 9.6 % |
| SAMSARA, INC. CLASS A | 7.5 % |
| SNOWFLAKE, INC. CLASS A | 7.2 % |
| ZSCALER, INC. | 5.5 % |
| AMAZON.COM INC | 5.0 % |
| ELASTIC NV | 4.7 % |
| MONGODB, INC. CLASS A | 4.5 % |
| DATADOG INC CLASS A | 4.2 % |
Constituent Breakdown
| Number of holdings | 21 |
| Herfindahl-Hirschman Index | 656 |
| Wgt avg mkt cap (mns) | $686,261 |
| Large cap (>$10bn) | 86.0% |
| Mid cap ($2-10bn) | 7.3% |
| Small cap (<$2bn) | 3.7% |
| Developed mkts. | 97.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 90.7 % |
 |
BRITAIN | 3.3 % |
 |
DENMARK | 2.2 % |
 |
CANADA | 0.8 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 33.5% | 36.5% | 36.9% | 26.1% | 6.5% | -- | -- | 13.5% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | 0.0% |
| Total Returns | 33.5% | 36.5% | 36.9% | 26.1% | 6.5% | -- | -- | 13.5% | Ann. Volatility | 34.9% | 34.1% | 30.6% | 32.7% | 37.9% | -- | -- | 38.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.52 | 41% |
| MSCI EAFE | 0.34 | 3% |
| MSCI Emg Mkts | 0.33 | 3% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.21% |
Technical Indicators
| 30d moving avg. (EMA) | $48.61 |
| Relative strength (RSI) | 45 |
| MACD/Signal | -0.35/0.36 |
| Bollinger Bands (Upper/Lower) | $53.38/$46.17 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. LRNZ |
Expenses vs. LRNZ |
ALTAR Score™ vs. LRNZ |
|---|---|---|---|---|
| WCBR | WisdomTree Cybersecurity Fund | 34.0% | -24 bp | +2.0% |
| SPRX | Spear Alpha ETF | 28.9% | +6 bp | +1.0% |
| XDAT | Franklin Exponential Data ETF | 28.8% | -19 bp | +2.5% |
| WTAI | WisdomTree Artificial Intelligence and Innovation Fund | 27.5% | -24 bp | +2.6% |
| NBDS | Neuberger Berman Disrupters ETF | 27.0% | -14 bp | +0.8% |
| DUNK | Dana Unconstrained Equity ETF | 27.0% | +6 bp | +2.6% |
| WUGI | AXS Esoterica NextG Economy ETF | 26.6% | +6 bp | +2.3% |
| TRFK | Pacer Data and Digital Revolution ETF | 25.1% | -9 bp | +3.0% |
| PJFG | PGIM Jennison Focused Growth ETF | 24.9% | +6 bp | +2.8% |
| WFH | Direxion Work From Home ETF | 22.9% | -24 bp | +3.7% |
Risk and Returns: LRNZ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/29/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
LRNZ
-0.8%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 378 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.1%. LRNZ's ALTAR Score™ is approximately
1.6 standard deviations
below
the category average. This places LRNZ in the 5th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LRNZSELL
U/W
HOLD
O/W
BUY