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ETFs

TrueShares Structured Outcome (May) ETF

MAYZ
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Today’s Change
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Snapshot
*

Inception Date
Apr 30, 2021
Expense Ratio
0.79%
Type
US Equities
Fund Owner
TrueShares
Volume (1m avg. daily)
$2,313
AUM
$4,220,947
Associated Index
S&P 500 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS BILLS 04/18/2024
93.82%
n/a
SPY 04/30/2024 415.93 C
6.94%
n/a
Cash & Other
0.75%
n/a
SPY 04/30/2024 374.34 P
-1.50%
Invest with MAYZ

What is MAYZ?

The TrueShares Structured Outcome ETF Series utilizes a buffer protect options strategy, that seeks to provide investors with returns (before fees and expenses) that track those of the S&P 500 Index while seeking to provide an 8-12% downside buffer (with the advisor targeting 10%) on the first of that index s losses over a 12-month investment period. The MAYZ defined investment period begins on May 3, 2021 and resets exactly 12 months later. The strategy is implemented through the purchase and sale of options on the S&P 500 Price Index or an ETF that tracks the S&P 500 Price Return Index. While there is no guarantee the Fund will be successful in providing these outcomes in any period, the intent of the ETFs in the series is to provide uncapped equity market upside participation (subject to options pricing) with a measure of downside risk mitigation.

ETFs related toMAYZ

ETFs correlated to MAYZ include GAUG, GJUL, DECZ

MAYZ
Listed Funds Trust - TrueShares Structured Outcome (May) ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
DECZ
Listed Funds Trust - TrueShares Structured Outcome (December) ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
FAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - August
BAUG
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - August
FNOV
First Trust Exchange-Traded Fund VIII - First Trust Cboe Vest U.S. Equity Buffer ETF - November
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
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Create your own algorithmic trading strategy with MAYZ using Composer

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FAQ

MAYZ is a US Equities ETF. The TrueShares Structured Outcome ETF Series utilizes a buffer protect options strategy, that seeks to provide investors with returns (before fees and expenses) that track those of the S&P 500 Index while seeking to provide an 8-12% downside buffer (with the advisor targeting 10%) on the first of that index s losses over a 12-month investment period. The MAYZ defined investment period begins on May 3, 2021 and resets exactly 12 months later. The strategy is implemented through the purchase and sale of options on the S&P 500 Price Index or an ETF that tracks the S&P 500 Price Return Index. While there is no guarantee the Fund will be successful in providing these outcomes in any period, the intent of the ETFs in the series is to provide uncapped equity market upside participation (subject to options pricing) with a measure of downside risk mitigation.

MAYZ tracks the S&P 500 Index.

No, MAYZ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MAYZ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MAYZ is -0.0065%. This is the percent change in the value of MAYZ over the most recent 1-month period. The 3-month return on MAYZ is 0.0048%. This is the percent change in the value of MAYZ over the most recent 3-month period.

The standard deviation of MAYZ for the past year is 0.1088%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MAYZ include SSO, IVV, and UPRO.

ETFs correlated to MAYZ include GAUG, GJUL, and DECZ.

ETFs that are inversely correlated to MAYZ include SH, SPXS, and SPDN.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.