TrueShares Structured Outcome (January) ETF
JANZ
Chicago Board Options Exchange- -
USD
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- -
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
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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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
- Jan 5, 2021
- Website
- true-shares.com
- Similar Companies
- Business
- TrueShares Structured Outcome (January) ETF (JANZ) is an actively managed exchange-traded fund that seeks to provide investors with returns before fees and expenses that track those of the S&P 500 Price Index while offering an 8-12% downside buffer (targeting 10%) on the index's first losses over a 12-month outcome period beginning each January; the fund implements this buffer protect options strategy primarily through investments in U.S. Treasury bills, FLEX options on the SPDR S&P 500 ETF Trust (SPY), and cash equivalents. Launched on December 31, 2020, and domiciled in the United States, JANZ trades on the Cboe BZX Exchange with an expense ratio of 0.79% and total net assets of approximately $24 million as of late 2025. The fund forms part of TrueShares' broader suite of structured outcome ETFs (including FEBZ, MARZ, and others through DECZ), which collectively provide monthly rolling 12-month periods for buffered S&P 500 exposure with uncapped upside participation; TrueShares operates as the ETF division of TrueMark Investments LLC, founded in 2019 and headquartered in Chicago, Illinois. TrueMark Investments serves as investment adviser, with sub-advisory support from firms like SpiderRock Advisors for options overlay strategies. In recent developments, TrueShares and RiverNorth Capital Management completed the conversion of a 5-star rated mutual fund into the RiverNorth Active Income ETF (CEFZ) in August 2025, marking the firm's first such ETF conversion and expanding its actively managed lineup; additionally, TrueShares launched the TrueShares ConVex Protect ETF (PVEX) in July 2025 to offer convex return profiles with downside cushions on U.S. large-cap equities, alongside surpassing $1 billion in assets under management for its overall ETF platform by late 2024. These initiatives reflect TrueShares' strategic focus on growing its suite of over 25 unique ETFs targeting volatility management, income generation, and targeted equity exposure for advisors and retail investors primarily in the U.S. market.