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TrueMark expands structured outcome ETF suite


Asset manager TrueMark Investments has launched JUNZ, the twelfth and final ETF in the TrueShares structured outcome product suite. 

The TrueShares Structured Outcome (June) ETF is sub-advised by SpiderRock Advisors, a Chicago-based asset management firm specialising in option overlay strategies. The fund seeks to provide investors with structured outcome exposure to the S&P 500 Price Index. TrueMark believes its structured outcome ETF suite is the first of its kind to offer built-in downside buffers with uncapped upside participation.

JUNZ’s structure allows for the potential of an asymmetric return profile. The fund seeks to provide investors with returns (before fees and expenses) that track the S&P 500 Price Index, while seeking to provide a buffer of 8-12 per cent on that index’s losses over the fund’s one-year investment period. In practice, the fund adviser will target the buffer at 10 per cent of index declines over the investment period following the first day of trading while also allowing for uncapped upside participation. JUNZ’s expense ratio is 0.79 per cent.

“As we complete the monthly sequence for the large cap equity category of the TrueShares Structured Outcome Series, we have a chance to look back on how our investment thesis has proven out over the course of the past year, and we’re very pleased with what we see,” says Michael Loukas, CEO at TrueMark Investments, the Advisor to TrueShares. “While we’ve come a long way since the early days of the pandemic, today’s market environment continues to challenge investors, perpetuating the need for a solution that can both preserve capital and capture upside gains. With the launch of JUNZ and the expansion of our product suite, we are responding to investor’s need for these preferred investment vehicles.”

The JUNZ launch is the twelfth and final monthly series in the TrueShares Structured Outcome ETF suite. Each fund will roll into a new investment position at the end of a year-long term, at which point the downside buffer and upside participation will reset based on current pricing for the options used by the strategy for each respective ETF.

“The twelve-month series reflects a bona fide investment strategy based on two features: an uncapped upside structure enabling exposure to gains during bull runs and capital protection from sharp declines during occasional pullbacks,” says Eric Metz, fund portfolio manager and Chief Investment Officer at SpiderRock Advisors. “As such, JUNZ is a practical tool for investors looking to tap into prospective long-term returns without having to take on excessive losses of capital.”

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