TrueShares Structured Outcome (November) ETF
NVMZ
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
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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
- Oct 30, 2020
- Similar Companies
- Business
- TrueShares Structured Outcome (November) ETF (NVMZ) is an actively managed exchange-traded fund that seeks to track the price return of the S&P 500 Index over a one-year outcome period while providing investors with uncapped upside participation and a targeted downside buffer of approximately 10% against index losses, gross of fees; the strategy is implemented primarily through FLEX options on the S&P 500 Price Index, supplemented by collateral investments in U.S. Treasuries or similar instruments. NVMZ forms part of TrueShares' broader suite of twelve monthly Structured Outcome ETFs (tickers JANZ through DECZ), each with a distinct annual reset period aligned to a calendar month, enabling rolling exposure to buffered S&P 500 outcomes for retail and institutional investors seeking volatility-managed equity allocation. Issued by TrueMark Investments, LLC, a Rosemont, Illinois-based asset manager founded in 2019 and now headquartered in Chicago, Illinois, the ETF operates within the large-cap equity segment of the U.S. market. In recent developments, TrueMark Investments completed a significant reorganization of its Structured Outcome ETF series in early 2025, involving the merger and restructuring of multiple funds under the Listed Funds Trust, as approved by the Board of Trustees, to streamline operations and enhance efficiency; this included plans detailed in SEC filings for TrueShares Structured Outcome (November) ETF among others. Additionally, TrueMark expanded its ETF lineup through a strategic partnership with RiverNorth Investments, converting the latter's 5-star rated Core Opportunity mutual fund into the RiverNorth Active Income ETF (CEFZ) effective August 4, 2025, with TrueMark serving as advisor and RiverNorth as sub-advisor, marking the firm's first mutual fund-to-ETF conversion. Launched on November 2, 2020, NVMZ maintains assets under management of approximately $3.17 million as of late 2025, with a net expense ratio of 0.79% and primary trading on the BATS exchange.