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

35.6 M

ASSETS UNDER MGMT

69 bp

EXPENSES
Fund Basics
Fund sponsorTrueMark Investments, LLC
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateFeb 28, 2020
Assets (mns)$36
Expense ratio69 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
NVIDIA CORP 10.5 %
SAMSARA, INC. CLASS A 8.9 %
CROWDSTRIKE HOLDINGS, INC. CLASS A 8.0 %
ADVANCED MICRO DEVICES 6.6 %
CLOUDFLARE INC CLASS A 6.0 %
STRUCTURE THERAPEUTICS INC 5.5 %
ELI LILLY & CO 5.1 %
DATADOG INC CLASS A 5.0 %
AMAZON.COM INC 4.9 %
ELASTIC NV 4.8 %
Constituent Breakdown
Number of holdings20
Herfindahl-Hirschman Index 585
Wgt avg mkt cap (mns)$230,195
Large cap (>$10bn)88.3%
Mid cap ($2-10bn)7.0%
Small cap (<$2bn)4.7%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 87.1 %
DENMARK 4.2 %
CANADA 0.9 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 1.8% 30.6% 21.4% -5.3% -- -- 12.3%
Volatility 26.8% 27.0% 37.5% 40.2% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.1940%
MSCI EAFE0.7917%
MSCI Emg Mkts0.8217%
Liquidity Measures
Avg. volume (000)6
Turnover0.7%
Avg. Bid/Ask (% of price)0.13%
ADV of underlying (mns)$46,451
Technical Indicators
Recent close$38.69
30d moving avg.$36.87
Annualized volatility33.9%
Relative strength (RSI)54
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: LRNZ vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
5.9 94.9 7.9 0.2% --
Based on closing prices from 10/9/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
LRNZ



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

-0.6%

Cat. Avg

4.0%


ALTAR Score™ Calculation

Category Overview
There are 362 funds in the Global Equity category, with an average ALTAR Score™ of 4.0% and a standard deviation of 4.6%. LRNZ's ALTAR Score™ is approximately 1.0 standard deviations below the category average. This places LRNZ in the 16th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

LRNZ
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
Global Equity ETFs
# of ETFs 118
Avg. Expense Ratio 73.5 bp
Std. Deviation 29.8 bp
LRNZ (69 bp) Percentile rank 46
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
LRNZ 69.0 12.9 81.9
Peer Avg. 75.5 38.1 113.7
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .