TrueShares Structured Outcome (February) ETF
FEBZ
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 402 W. Broadway, Suite 400 San Diego CA United States of America 92101
- IPO Date
- Feb 1, 2021
- Website
- true-shares.com
- Similar Companies
- Business
- TrueShares Structured Outcome (February) ETF (FEBZ) is an actively managed exchange-traded fund that seeks to provide investors with returns correlated to the S&P 500 Price Index over a targeted one-year outcome period while offering a downside buffer of approximately 8-12%, targeting 10%, against the index's losses; the fund employs a FLEX options strategy involving out-of-the-money put options for downside protection and at-the-money call options for upside participation, typically estimated at 70-88% of the index's gains before fees and expenses. FEBZ forms part of TrueShares' broader suite of Structured Outcome ETFs, which includes twelve monthly series (JANZ through DECZ) listed on the Cboe BZX Exchange, each resetting annually to deliver similar buffered exposure to the S&P 500 Price Index; these ETFs invest primarily in U.S. Treasury securities, cash equivalents, and FLEX options on the SPDR S&P 500 ETF Trust (SPY). The fund, with a net expense ratio of 0.79%, targets individual investors, financial advisors, and institutions seeking volatility-managed equity exposure without direct credit risk in a turnkey, exchange-traded structure. TrueShares, the ETF brand powered by TrueMark Investments, LLC, was established in 2019 and maintains its headquarters in Rosemont, Illinois. The firm operates within the financial services industry, focusing on actively managed ETFs across segments such as structured outcomes, income generation, thematic investing (including AI, renewables, and SPACs), volatility management, and seasonality-based strategies; it serves U.S. investors through products listed on Cboe exchanges, with total assets under management exceeding $1 billion as of mid-2025. Recent developments include the August 2025 conversion of the RiverNorth Core Opportunity mutual fund into the RiverNorth Active Income ETF (ticker: CEFZ), where TrueShares acts as advisor and RiverNorth as sub-advisor, expanding its closed-end fund (CEF)-centric offerings with enhanced ETF liquidity and tax efficiency; this marks TrueShares' first mutual fund-to-ETF conversion and builds on its ongoing partnership with RiverNorth Capital Management. In 2024, TrueShares launched the Quarterly Bull Hedge ETF (QBUL) and Quarterly Bear Hedge ETF (QBER) for tactical hedging, alongside the Opal International Dividend Income ETF (IDVZ), broadening its active ETF lineup amid portfolio tool innovations. TrueMark Investments also received corporate minority investment from RiverNorth, supporting strategic growth in targeted asset classes.