TrueShares Nov. Defined Outcome ETF Debuts

TrueMark Investments rolls out its fifth defined outcome ETF. 

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Today, TrueMark Investments added to its lineup with the launch of a defined outcome ETF that resets at the start of every November. The TrueShares Structured Outcome (November) ETF (NVMZ) looks to replicate the performance of the S&P 500 Price Index.

NVMZ comes with an expense ratio of 0.79% and lists on Cboe Global Markets, the parent company of ETF.com.

The TrueShares are unique among the pantheon of defined outcome ETFs. They do not target a specific downside buffer, but 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 defined outcome ETFs invest in flexible exchange (FLEX) options on the S&P 500 Price Index or ETFs tracking that index. There are four other ETFs in this family of funds that reset every July, August, September and October. 

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.