ETF Hearsay: New Defined Outcome ETF to list tomorrow May 3rd: TrueShares Structured Outcome (May) ETF

Sunday, May 2, 2021

New Defined Outcome ETF to list tomorrow May 3rd: TrueShares Structured Outcome (May) ETF

TrueShares Structured Outcome (May) ETF
Ticker: MAYZ
Exchange: Cboe BZX

Expense ratio: 0.79%

Original filing date: February 4, 2020
Effective date: April 30, 2021
Listing Date: May 3, 2021
CUSIP: 53656F797
Active: No

Index / Benchmark: S&P 500 Price Return Index

Investment Objective:
Seeks returns that track the S&P 500 Price Return Index while providing a buffer against the first 8% to 12% of Index losses, over period from May 1, 2021 to April 30, 2022.

Investment Strategy / Index Methodology:

Invests in FLexible EXchange® Options (“FLEX Options”) on the S&P 500 Price Index or an ETF that tracks the S&P 500 Price Index.

Buys at-the-money call options and sells put options with a strike price 8% to 12% lower than the current value of the S&P 500 Price Return Index or an S&P 500 Price Return ETF.

Constituents: FLexible EXchange® Options (“FLEX Options”) on the S&P 500 Price Index or an ETF that tracks the S&P 500 Price Index.

Adviser: TrueMark Investments, LLC
Sub-Adviser: SpiderRock Advisors, LLC
Portfolio Managers:
Jordan C. Waldrep, CFA, Chief Investment Officer for the Adviser
Eric Metz, Chief Investment Officer for the Sub-Adviser
Fred Sloneker, Portfolio Manager for the Sub-Adviser

Administrator: U.S. Bancorp Fund Services, LLC
Fund accountant: U.S. Bancorp Fund Services, LLC
Transfer agent: U.S. Bancorp Fund Services, LLC
Custodian: U.S. Bank National Association
Distributor: Foreside Fund Services, LLC
Legal counsel: Morgan, Lewis & Bockius LLP
External accounting: Cohen & Company, Ltd.

Prospectus is here.
Summary prospectus is here.