TrueShares Structured Outcome November ETF (NOVZ)

Overview

The fund operates as an actively-managed exchange-traded fund (ETF) with a clear focus on the S&P 500 Price Index. By investing predominantly in options based on this index, the fund aims to achieve its investment objectives. Utilizing a strategic approach to trading call and put options on the S&P 500 Price Index or ETFs mirroring its performance, the fund seeks to generate returns for its investors. Each Initial Investment Day marks the beginning of these option transactions, which are concluded on the subsequent Roll Date. Characterized as non-diversified, the fund concentrates its investments rather than spreading them across a wide range of assets, which indicates a targeted investment strategy primarily focused on the performance of the S&P 500.

Products and Services

The fund's products and services are designed to provide investors with exposure to the S&P 500 Index through a specialized set of financial instruments. Here is a closer look at its offerings:

• Call options on the S&P 500 Price Index: The fund invests in call options to potentially profit from an increase in the S&P 500 Index. Call options give the holder the right, but not the obligation, to buy the index at a predetermined price before the option expires. By purchasing these options, the fund positions itself to benefit from upward movements in the index.
• Put options on the S&P 500 Price Index: In contrast, the fund sells put options on the S&P 500 Index or related ETFs, which could generate income or mitigate potential losses. Selling a put option means that the fund assumes the obligation to buy the index at a predetermined price if the option buyer decides to execute the option. This strategy could be beneficial if the index does not fall below this predetermined price, allowing the fund to pocket the premium received from selling these options.