TrueShares Structured Outcome (March) ETFMARZ

TrueSharesDefined OutcomeHedged Equity#201 of 318 by YTD

$36.05

−3.2% last session

+5.2% YTD

Data as of 11/5/20264:00 PM ET · End-of-day

Dividend-adjusted total return · Dec 31, 2025 – Nov 5, 2026MARZ

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−3.2%	−4.5%	−4.3%	+5.2%	+5.9%	+54.3%	+51.3%	+73.2%
Peer average	−2.4%	−3.8%	−3.5%	+4.0%	+4.9%	+51.4%	+49.5%	—
S&P 500 · VOO	−4.4%	−5.7%	−4.9%	+8.4%	+9.8%	+82.2%	+71.6%	—

Key Statistics

Open all fund facts →

AUM: $33M
Expense ratio: 0.79%
Distribution yield: 3.1%
NAV: $36.81
Volume: 2K
Avg. volume 30D: 2K
High today: $36.05
Low today: $36.05
Previous close: $37.24
52-week high: $37.87
52-week low: $32.27
Our risk indicator: 3/5

MARZ in One Breath

MARZ Among Hedged Equity ETFs

YTD

#1SIXHMeridian+14.7%$635M

#2RFLRInnovator+10.6%$96.7M

#3JUNZTrueShares+9.5%$29.9M

#4PHEQEaton Vance+7.0%$150M

#5HEGDSwan+6.7%$731M

#6KSPYKraneShares+6.2%$135M

#7MAYZTrueShares+6.0%$33.0M

#8JULZTrueShares+6.0%$38.3M

#18MARZTrueShares+5.2%$33.1M

End-of-day Nov 5, 2026 · 29 Hedged equity ETFs by YTD

$10,000 in MARZ

$10,000 in MARZ became

$15,134

In the S&P 500 (VOO)

$17,156

Total return, dividends in · Oct 28, 2021 – Nov 5, 2026 · S&P 500 uses VOO

MARZ’s Top Holdings

Today

TREASURY BILL Treasury Bill B 02/18/2791.1%SPY 02/26/274.8%SPY 0SPY 0SPY 02/26/27SPY 0

TREASURY BILL Treasury Bill B 02/18/2791.1%SPY 02/26/27SPY 02/26/27SPY 0

Other

TrueShares MARZ · 19 holdings · top 17 shown · tile size = share of the fund · as of Nov 5, 2026

What MARZ Holds

Today

Technology37.9%

[…]

Financial Services11.7%

[…]

Communication Services10.0%

[…]

Consumer Cyclical9.6%

[…]

Healthcare9.1%

[…]

Industrials8.4%

[…]

Consumer Defensive4.6%

[…]

TrueShares MARZ · share of the fund by sector · as of Nov 5, 2026

Treasury’s Share of MARZ

Today

91.1%

$911 of every $1,000 in MARZ is Treasury

Treasury held by MARZ

$30.2M

TrueShares MARZ · each square = $10 of $1,000 · as of Nov 5, 2026

MARZ’s Share of Hedged Equity ETFs

Today

0.2%

of the $14.9B in 31 Hedged equity ETFs

MARZ$33.1M0.2%

HELO$4.9B32.6%

BALT$3.3B22.0%

28 others$6.7B45.2%

Hedged equity ETF AUM · Nov 5, 2026

MARZ Fee per $100 vs Peers

Today

$0.79a year
per $100

$79 a year on $10,000

HELO$0.50

FHEQ$0.52

BALT$0.69

MARZ$0.79

HEGD$0.88

SFLR$0.89

Expense ratio · Hedged equity peers · Nov 5, 2026

Inside MARZ

19 holdings · as of Nov 5, 2026

MARZ

TrueShares Structured Outcome (March) ETF

Today

Technology37.9%Financial Services11.7%Communication Services10.0%Consumer Cyclical9.6%Healthcare9.1%Industrials8.4%Consumer Defensive4.6%Other100.5%Treasury BilTreasury Bill B 02/18/2791.1%

Technology37.9%Financial Services11.7%Communication Services10.0%Consumer Cyclical9.6%Healthcare9.1%Industrials8.4%Other100.5%Treasury BilTreasury Bill B 02/18/2791.1%

#	Ticker	Company	Weight ▼
1	—	Treasury Bill B 02/18/27	91.10%
2	—	SPY 02/26/27 C686.01 Euro Cash Flex	4.82%
3	—	SPY 02/26/27 C719.00 Euro Cash Flex	1.39%
4	—	SPY 02/26/27 C717.00 Euro Cash Flex	1.26%
5	—	SPY 02/26/27 C658.00 Euro Cash Flex	0.58%
6	—	SPY 02/26/27 C758.01 Euro Cash Flex	0.45%
7	—	Broker Sweep	0.19%
8	—	SPY 02/26/27 C737.00 Euro Cash Flex	0.19%
9	—	SPY 02/26/27 C700.00 Euro Cash Flex	0.10%
10	—	State Street Inst U.s. Government Mmkt Admn Class	0.09%

TechnologyFinancial ServicesCommunication ServicesConsumer CyclicalHealthcareIndustrialsConsumer DefensiveEnergyUtilitiesReal EstateBasic MaterialsOther

TrueShares MARZ · current holdings by weight · as of Nov 5, 2026 · each tile is one holding

How It Compares

MARZ

TrueShares Structured Outcome (March) ETF’s Peers

YTD


HELO	J.P. MorganRead Desk	0.50%	+2.5%	+4.3%	$4.9B
BALT	InnovatorRead Desk	0.69%	+3.6%	+5.3%	$3.3B
SFLR	InnovatorRead Desk	0.89%	+2.8%	+3.6%	$2.2B
FHEQ	FidelityRead Desk	0.52%	+6.0%	+6.3%	$986M
HEGD	SwanRead Desk	0.88%	+6.7%	+6.2%	$731M
MARZ	TrueSharesThis fundRead Desk	0.79%	+5.2%	+5.9%	$33M

Hedged equity peers · YTD and past-year returns · as of Nov 6, 2026 · sorted by AUM

Head to Head

Put MARZ head to head with HELO →

HELO vs MARZ

YTD

HELOJ.P. Morgan · Hedged equityMARZTrueShares · Hedged equity

Year to date

+2.5%

+5.2%

MARZ wins+2.7 pts

Past year

+4.3%

+5.9%

MARZ wins+1.6 pts

Fee

0.50%

0.79%

HELO winslower fee

Yield

0.6%

3.1%

MARZ wins+2.6 pts

AUM

$4.9B

$33.1M

HELO146.5× more

3–1MARZ wins

J.P. Morgan HELO and TrueShares MARZ · year-to-date · as of Nov 6, 2026 · AUM not scored

MARZ vs VOO

YTD

MARZ · TrueShares Structured Outcome (March)

+5.2%

VOO · S&P 500

+8.4%

Gap

3.2 pts

TrueShares MARZ and Vanguard VOO · YTD total return · as of Nov 6, 2026

MARZ vs Its Peer Average

YTD

MARZAvsBPeer average

1D−3.2%−2.4%

1M−4.5%−3.8%

3M−4.3%−3.5%

YTD+5.2%+4.0%

1Y+5.9%+4.9%

3Y+54.3%+51.4%

5Y+51.3%+49.5%

4–3MARZ wins

30 Hedged equity peers · each row scaled to its leader

The Details

MARZ

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y10.88%

Deepest drop · 1Y−7.5%

Lowest point · 5Y−16.0%

52-week range

$36.05

$32.27−4.8% from the high$37.87

TrueShares MARZ · past-year price moves · as of Nov 6, 2026

MARZ

Fund Facts

Today

2021launched Feb 26

Tracks[…]

Exchange · CUSIPCBOE · 210322863

StructureETF

Leverage1x

Cost on $10,000$79 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

TrueShares MARZ · fund facts · as of Nov 6, 2026

MARZ

Payouts by Year

$1.13per share, Dec 2025

Distribution yield3.1%

PaidOnce a year, in December

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

5 payouts added up$5.48 a share

TrueShares MARZ · distributions by ex-date · 2021–2025

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$36.81

Premium / discount[…]

Median spread · 30D[…]

Volume today2K

Average volume · 30D2K

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	$1.13
Dec 27, 2024	Dec 30, 2024	$1.43
Dec 27, 2023	Dec 29, 2023	$2.04
Dec 29, 2022	Jan 3, 2023	$0.19
Dec 29, 2021	Dec 31, 2021	$0.70

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