TrueShares Structured Outcome (February) ETFFEBZ

TrueSharesDefined OutcomeHedged Equity#161 of 318 by YTD

$40.45

+0.3% last session

+7.5% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Aug 5, 2026 – Nov 3, 2026FEBZS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.3%	−2.0%	−2.0%	+7.5%	+7.0%	+57.8%	+58.8%	+85.0%
Peer average	+0.2%	−2.0%	−1.7%	+5.8%	+6.0%	+56.0%	+52.4%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $32M
Expense ratio: 0.79%
Distribution yield: 3.0%
NAV: $40.35
Volume: 3
Avg. volume 30D: 872
High today: $40.48
Low today: $40.38
Previous close: $40.33
52-week high: $41.58
52-week low: $35.58
Our risk indicator: 3/5

FEBZ in One Breath

FEBZ Among Hedged Equity ETFs

YTD

#1SIXHMeridian+17.5%$744M

#2RFLRInnovator+12.5%$95.5M

#3KSPYKraneShares+8.9%$133M

#4PHEQEaton Vance+8.8%$149M

#5JUNZTrueShares+8.4%$29.9M

#6JULZTrueShares+8.3%$38.2M

#7MAYZTrueShares+8.3%$32.9M

#8SEPZTrueShares+8.2%$104M

#14FEBZTrueShares+7.5%$31.9M

End-of-day Nov 4, 2026 · 29 Hedged equity ETFs by YTD

$10,000 in FEBZ

$10,000 in FEBZ became

$15,881

In the S&P 500 (VOO)

$17,749

Total return, dividends in · Oct 26, 2021 – Nov 3, 2026 · S&P 500 uses VOO

FEBZ Returns by Period

Today

YTD

MAX

FEBZ

+0.3%

−2.0%

+7.5%

+7.0%

+57.8%

+58.8%

+85.0%

Peer average

+0.2%

−2.0%

−1.7%

+5.8%

+6.0%

+56.0%

+52.4%

—

S&P 500 · VOO

+0.3%

−2.6%

−1.7%

+11.5%

+11.9%

+90.9%

+77.5%

—

End-of-day Nov 4, 2026 · total return, dividends in · peers = 30 Hedged equity ETFs

FEBZ’s Defined Outcome Rank

YTD

#161of 318
defined outcome ETFs

Best · SIXH+17.5%

FEBZ+7.5%

Average+7.4%

Worst · KBUF−17.8%

Defined Outcome ETFs by YTD return · Nov 4, 2026

FEBZ Price and 52-Week Range

From the 52-week high

−2.7%

From the 52-week low

+13.7%

Today $40.38 – $40.48

Previous close $40.33

$40.45 now

52-week low$35.5852-week high$41.58

End-of-day Nov 4, 2026 · box = today’s range, dashed = previous close

FEBZ’s Share of Hedged Equity ETFs

Today

0.2%

of the $14.8B in 31 Hedged equity ETFs

FEBZ$31.9M0.2%

HELO$4.8B32.7%

BALT$3.2B21.9%

28 others$6.7B45.2%

Hedged equity ETF AUM · Nov 4, 2026

FEBZ Fee per $100 vs Peers

Today

$0.79a year
per $100

$79 a year on $10,000

SIXH$0.31

HELO$0.50

FHEQ$0.52

BALT$0.69

FEBZ$0.79

SFLR$0.89

Expense ratio · Hedged equity peers · Nov 4, 2026

Inside FEBZ

17 holdings

FEBZ

TrueShares Structured Outcome (February) ETF

Today

FEBZ reports no holdings we can show: […]

TrueShares FEBZ · holdings

How It Compares

FEBZ

TrueShares Structured Outcome (February) ETF’s Peers

YTD


HELO	J.P. MorganRead Desk	0.50%	+4.2%	+5.7%	$4.8B
BALT	InnovatorRead Desk	0.69%	+4.3%	+5.9%	$3.2B
SFLR	InnovatorRead Desk	0.89%	+5.4%	+5.5%	$2.2B
FHEQ	FidelityRead Desk	0.52%	+7.7%	+7.1%	$986M
SIXH	MeridianRead Desk	0.31%	+17.5%	+22.6%	$744M
FEBZ	TrueSharesThis fundRead Desk	0.79%	+7.5%	+7.0%	$32M

Hedged equity peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put FEBZ head to head with HELO →

HELO vs FEBZ

YTD

HELOJ.P. Morgan · Hedged equityFEBZTrueShares · Hedged equity

Year to date

+4.2%

+7.5%

FEBZ wins+3.2 pts

Past year

+5.7%

+7.0%

FEBZ wins+1.2 pts

Fee

0.50%

0.79%

HELO winslower fee

Yield

0.6%

3.0%

FEBZ wins+2.4 pts

AUM

$4.8B

$31.9M

HELO152.0× more

3–1FEBZ wins

J.P. Morgan HELO and TrueShares FEBZ · year-to-date · as of Nov 4, 2026 · AUM not scored

FEBZ vs VOO

YTD

FEBZ · TrueShares Structured Outcome (February)

+7.5%

VOO · S&P 500

+11.5%

Gap

4.1 pts

TrueShares FEBZ and Vanguard VOO · YTD total return · as of Nov 4, 2026

FEBZ vs Its Peer Average

YTD

FEBZAvsBPeer average

1D+0.3%+0.2%

1M−2.0%−2.0%

3M−2.0%−1.7%

YTD+7.5%+5.8%

1Y+7.0%+6.0%

3Y+57.8%+56.0%

5Y+58.8%+52.4%

5–2FEBZ wins

30 Hedged equity peers · each row scaled to its leader

The Details

FEBZ

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y9.97%

Deepest drop · 1Y−7.2%

Lowest point · 5Y−13.0%

52-week range

$40.45

$35.58−2.7% from the high$41.58

TrueShares FEBZ · past-year price moves · as of Nov 4, 2026

FEBZ

Fund Facts

Today

2021launched Jan 29

Tracks[…]

Exchange · CUSIPCBOE · 210322871

StructureETF

Leverage1x

Cost on $10,000$79 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

TrueShares FEBZ · fund facts · as of Nov 4, 2026

FEBZ

Payouts by Year

$1.20per share, Dec 2025

Distribution yield3.0%

PaidOnce a year, in December

Latest ex-date · paidDec 24 · Dec 26, 2025

3 payouts added up$4.62 a share

TrueShares FEBZ · distributions by ex-date · 2023–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-06-30 ↗SEC reported portfolio · 2026-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$40.35

Premium / discount[…]

Median spread · 30D[…]

Volume today3

Average volume · 30D872

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.79%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$79.00

Our risk indicator3/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 24, 2025	Dec 26, 2025	$1.20
Dec 27, 2024	Dec 30, 2024	$1.33
Dec 27, 2023	Dec 29, 2023	$2.08

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