TrueShares Structured Outcome (September) ETFSEPZ

TrueSharesDefined OutcomeHedged Equity#160 of 318 by YTD

$44.70

−3.4% last session

+5.8% YTD

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

Dividend-adjusted total return · S&P 500 uses VOO · Oct 7, 2026 – Nov 5, 2026SEPZS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−3.4%	−4.5%	−4.4%	+5.8%	+7.0%	+55.6%	+57.0%	+97.2%
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: $104M
Expense ratio: 0.79%
Distribution yield: 2.1%
NAV: $45.75
Volume: 6K
Avg. volume 30D: 24K
High today: $45.42
Low today: $44.70
Previous close: $46.28
52-week high: $47.11
52-week low: $39.71
Our risk indicator: 3/5

SEPZ in One Breath

SEPZ 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

#10SEPZTrueShares+5.8%$104M

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

$10,000 in SEPZ

$10,000 in SEPZ became

$15,695

In the S&P 500 (VOO)

$17,156

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

SEPZ Returns by Period

Today

YTD

MAX

SEPZ

−3.4%

−4.5%

−4.4%

+5.8%

+7.0%

+55.6%

+57.0%

+97.2%

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%

—

End-of-day Nov 5, 2026 · total return, dividends in · peers = 30 Hedged equity ETFs

SEPZ’s Defined Outcome Rank

YTD

#160of 318
defined outcome ETFs

Best · SIXH+14.7%

SEPZ+5.8%

Average+5.8%

Worst · KBUF−16.8%

Defined Outcome ETFs by YTD return · Nov 5, 2026

SEPZ Price and 52-Week Range

From the 52-week high

−5.1%

From the 52-week low

+12.6%

Today $44.70 – $45.42

Previous close $46.28

$44.70 now

52-week low$39.7152-week high$47.11

End-of-day Nov 5, 2026 · box = today’s range, dashed = previous close

SEPZ’s Share of Hedged Equity ETFs

Today

0.7%

of the $14.9B in 31 Hedged equity ETFs

SEPZ$104M0.7%

HELO$4.9B32.6%

BALT$3.3B22.0%

28 others$6.7B44.8%

Hedged equity ETF AUM · Nov 5, 2026

SEPZ 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

SEPZ$0.79

HEGD$0.88

SFLR$0.89

Expense ratio · Hedged equity peers · Nov 5, 2026

Inside SEPZ

7 holdings

SEPZ

TrueShares Structured Outcome (September) ETF

Today

SEPZ reports no holdings we can show: […]

TrueShares SEPZ · holdings

How It Compares

SEPZ

TrueShares Structured Outcome (September) 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
SEPZ	TrueSharesThis fundRead Desk	0.79%	+5.8%	+7.0%	$104M

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

Head to Head

Put SEPZ head to head with HELO →

HELO vs SEPZ

YTD

HELOJ.P. Morgan · Hedged equitySEPZTrueShares · Hedged equity

Year to date

+2.5%

+5.8%

SEPZ wins+3.3 pts

Past year

+4.3%

+7.0%

SEPZ wins+2.8 pts

Fee

0.50%

0.79%

HELO winslower fee

Yield

0.6%

2.1%

SEPZ wins+1.5 pts

AUM

$4.9B

$104M

HELO46.6× more

3–1SEPZ wins

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

SEPZ vs VOO

YTD

SEPZ · TrueShares Structured Outcome (September)

+5.8%

VOO · S&P 500

+8.4%

Gap

2.6 pts

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

SEPZ vs Its Peer Average

YTD

SEPZAvsBPeer average

1D−3.4%−2.4%

1M−4.5%−3.8%

3M−4.4%−3.5%

YTD+5.8%+4.0%

1Y+7.0%+4.9%

3Y+55.6%+51.4%

5Y+57.0%+49.5%

4–3SEPZ wins

30 Hedged equity peers · each row scaled to its leader

The Details

SEPZ

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y11.27%

Deepest drop · 1Y−7.3%

Lowest point · 5Y−12.5%

52-week range

$44.70

$39.71−5.1% from the high$47.11

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

SEPZ

Fund Facts

Today

2020launched Aug 31

Tracks[…]

Exchange · CUSIPCBOE · 210322798

StructureETF

Leverage1x

Cost on $10,000$79 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

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

SEPZ

Payouts by Year

$0.93per share, Dec 2025

Distribution yield2.1%

PaidOnce a year, in December

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

5 payouts added up$3.72 a share

TrueShares SEPZ · 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$45.75

Premium / discount[…]

Median spread · 30D[…]

Volume today6K

Average volume · 30D24K

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	$0.93
Dec 27, 2024	Dec 30, 2024	$1.38
Dec 27, 2023	Dec 29, 2023	$1.19
Dec 29, 2022	Jan 3, 2023	$0.20
Dec 29, 2021	Dec 31, 2021	$0.0160

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