- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 402 W. Broadway, Suite 400 San Diego CA United States of America 92101
- IPO Date
- Mar 2, 2020
- Business
- TrueShares Technology, AI & Deep Learning ETF (LRNZ), issued by Listed Funds Trust and advised by TrueMark Investments, LLC, is an actively managed exchange-traded fund that seeks total return through investments in global equities focused on artificial intelligence, machine learning, and deep learning technologies; the fund targets companies with competitive advantages in data infrastructure, hardware, algorithms, and sophisticated AI applications such as cloud computing, cybersecurity, and medical research; it employs proprietary fundamental research and a "winner-takes-all" strategy, identifying emerging technology cycles in hyper-growth phases, consolidating into leading companies, and exiting when cycles shift.
The ETF maintains a non-diversified portfolio, with at least 80% of net assets in common stocks of technology, AI, and deep learning firms, including large-cap growth and value stocks as well as select small- and medium-cap companies for potential capital appreciation; top holdings typically feature leading names like Cloudflare Inc., NVIDIA Corp., CrowdStrike Holdings Inc., Snowflake Inc., and MongoDB Inc., representing over 70% of assets; it benchmarks performance against the NASDAQ Composite Total Return Index and trades on NYSE Arca with an expense ratio of 0.68%.
Launched on February 28, 2020, LRNZ operates from TrueMark Investments' headquarters in Chicago, Illinois, with sub-advisory services provided by Black Hill Capital Partners, LLC; TrueMark, founded in 2019, manages a suite of over 25 actively managed ETFs targeting modern economy themes including AI investing, volatility management, and income generation.
In August 2025, TrueMark Investments, through TrueShares, completed the conversion of RiverNorth Capital Management's 5-star rated mutual fund into the RiverNorth Active Income ETF (CEFZ), marking its first such ETF conversion from a mutual fund structure and expanding its lineup with enhanced transparency, liquidity, and tax efficiency; RiverNorth serves as sub-advisor for CEFZ, underscoring TrueShares' strategy of partnering with established managers to broaden actively managed ETF offerings.