TrueShares Structured Outcome (September) ETFSEPZ

TrueSharesDefined OutcomeHedged Equity#107 of 318 by YTD

$46.28

+1.2% last session

+9.5% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Aug 6, 2026 – Nov 4, 2026SEPZS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+1.2%	−1.3%	−0.5%	+9.5%	+9.4%	+61.7%	+63.5%	+104.1%
Peer average	+0.9%	−1.5%	−0.7%	+6.7%	+6.9%	+56.2%	+54.5%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $104M
Expense ratio: 0.79%
Distribution yield: 2.0%
NAV: $45.65
Volume: 20K
Avg. volume 30D: 24K
High today: $46.37
Low today: $46.13
Previous close: $45.73
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+18.4%$744M

#2RFLRInnovator+13.7%$95.5M

#3KSPYKraneShares+10.3%$133M

#4PHEQEaton Vance+9.7%$149M

#5MAYZTrueShares+9.6%$32.9M

#6JUNZTrueShares+9.5%$29.9M

#7JULZTrueShares+9.5%$38.2M

#8SEPZTrueShares+9.5%$104M

#9JANZTrueShares+9.4%$40.6M

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

$10,000 in SEPZ

$10,000 in SEPZ became

$16,353

In the S&P 500 (VOO)

$18,115

Total return, dividends in · Oct 27, 2021 – Nov 4, 2026 · S&P 500 uses VOO

SEPZ Returns by Period

Today

YTD

MAX

SEPZ

+1.2%

−1.3%

−0.5%

+9.5%

+9.4%

+61.7%

+63.5%

+104.1%

Peer average

+0.9%

−1.5%

−0.7%

+6.7%

+6.9%

+56.2%

+54.5%

—

S&P 500 · VOO

+1.6%

−1.6%

0.0%

+13.4%

+13.5%

+91.7%

+81.2%

—

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

SEPZ’s Defined Outcome Rank

YTD

#107of 318
defined outcome ETFs

Best · SIXH+18.4%

SEPZ+9.5%

Average+8.3%

Worst · KBUF−17.1%

Defined Outcome ETFs by YTD return · Nov 5, 2026

SEPZ Price and 52-Week Range

From the 52-week high

−1.8%

From the 52-week low

+16.5%

Today $46.13 – $46.37

Previous close $45.73

$46.28 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 $14.8B in 31 Hedged equity ETFs

SEPZ$104M0.7%

HELO$4.8B32.7%

BALT$3.2B21.9%

28 others$6.6B44.8%

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

SIXH$0.31

HELO$0.50

FHEQ$0.52

BALT$0.69

SEPZ$0.79

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%	+5.3%	+6.7%	$4.8B
BALT	InnovatorRead Desk	0.69%	+4.7%	+6.3%	$3.2B
SFLR	InnovatorRead Desk	0.89%	+6.7%	+6.6%	$2.2B
FHEQ	FidelityRead Desk	0.52%	+8.4%	+7.5%	$986M
SIXH	MeridianRead Desk	0.31%	+18.4%	+23.9%	$744M
SEPZ	TrueSharesThis fundRead Desk	0.79%	+9.5%	+9.4%	$104M

Hedged equity peers · YTD and past-year returns · as of Nov 5, 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

+5.3%

+9.5%

SEPZ wins+4.2 pts

Past year

+6.7%

+9.4%

SEPZ wins+2.7 pts

Fee

0.50%

0.79%

HELO winslower fee

Yield

0.6%

2.0%

SEPZ wins+1.4 pts

AUM

$4.8B

$104M

HELO46.6× more

3–1SEPZ wins

J.P. Morgan HELO and TrueShares SEPZ · year-to-date · as of Nov 5, 2026 · AUM not scored

SEPZ vs VOO

YTD

SEPZ · TrueShares Structured Outcome (September)

+9.5%

VOO · S&P 500

+13.4%

Gap

3.8 pts

TrueShares SEPZ and Vanguard VOO · YTD total return · as of Nov 5, 2026

SEPZ vs Its Peer Average

YTD

SEPZAvsBPeer average

1D+1.2%+0.9%

1M−1.3%−1.5%

3M−0.5%−0.7%

YTD+9.5%+6.7%

1Y+9.4%+6.9%

3Y+61.7%+56.2%

5Y+63.5%+54.5%

7–0SEPZ wins

30 Hedged equity peers · each row scaled to its leader

The Details

SEPZ

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y10.79%

Deepest drop · 1Y−7.3%

Lowest point · 5Y−9.8%

52-week range

$46.28

$39.71−1.8% from the high$47.11

TrueShares SEPZ · past-year price moves · as of Nov 5, 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 5, 2026

SEPZ

Payouts by Year

$0.93per share, Dec 2025

Distribution yield2.0%

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$45.65

Premium / discount[…]

Median spread · 30D[…]

Volume today20K

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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