TrueMark Completes Buffered ETF Family

The issuer now offers a full lineup of defined outcome ETFs, with one resetting at the start of each month.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Today, TrueMark Investments completed its lineup of defined outcome ETFs with the launch of a fund that resets at the start of every month. The most recent addition is the TrueShares Structured Outcome June ETF (JUNZ). Like the other ETFs in the family, it looks to replicate the performance of the S&P 500 Price Index.

JUNZ comes with an expense ratio of 0.79% and lists on Cboe Global Markets.

The TrueShares are unique among the pantheon of defined outcome ETFs. They do not target a specific downside buffer, but have a range of 8-12%, with 10% protection being the goal for the entire outcome period.

As for the upside, they do not have a set cap, but instead seek to give investors reduced exposure to the upside in the area of 85%, so that investors never find their participation in market upside halted entirely.

According to Mike Loukas, CEO of TrueMark, the funds have been used in risk parity strategies, tactical trading, core equity exposure and for volatility management, among other purposes. The funds aim to allow investors to meet their portfolio goals in the face of high volatility and low yields.

The TrueShares brand includes three additional actively managed ETFs beyond its defined outcome lineup. The issuer has $133 million in assets across a total of 15 ETFs.

Contact Heather Bell at [email protected]

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.