TrueShares Structured Outcome (September) ETF
SEPZ
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
- Sep 1, 2020
- Website
- true-shares.com
- Similar Companies
- Business
- TrueMark Investments, LLC serves as the investment adviser for the TrueShares suite of exchange-traded funds (ETFs), including the TrueShares Structured Outcome (September) ETF (SEPZ), which employs an actively managed options strategy referencing the S&P 500 Price Index to provide investors with downside buffers of 8-12% (targeting 10%) against the index's first losses over a 12-month outcome period beginning each September, alongside estimated upside participation rates typically in the 70-85% range; the firm offers a broader series of 12 monthly Structured Outcome ETFs (JANZ through DECZ) delivering similar S&P 500-linked buffered outcomes on rolling annual periods, as well as specialized products such as the RiverNorth Active Income ETF (CEFZ), ConVex Protect ETF (PVEX), and others focused on volatility management, income generation, and thematic exposures in modern economy asset classes. These ETFs invest substantially all assets in call and put options on the S&P 500 Price Index or tracking ETFs, collateralized by treasury bills and money market instruments, targeting advisors, institutions, and individual investors seeking defined outcome strategies with tax efficiency, intraday liquidity, and daily transparency. Operations are centered in the United States, with products listed on major exchanges like Cboe BZX. Founded in 2019 and headquartered in Rosemont, Illinois, TrueMark Investments manages over $1 billion in assets under management as of mid-2025 through its TrueShares platform, which has expanded to more than 25 unique actively managed and sub-advised ETFs via partnerships with specialized managers. Recent developments include the August 2025 conversion of RiverNorth Capital Management's 5-star rated Core Opportunity mutual fund into the RiverNorth Active Income ETF (CEFZ), where TrueMark acts as adviser and RiverNorth as sub-adviser to deliver CEF-centric income strategies in ETF format; the June 2025 launch of the TrueShares ConVex Protect ETF (PVEX) for equity investors pursuing smoother market cycle returns; and ongoing strategic alliances with RiverNorth, including a corporate minority investment and prior joint launches like the RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) in 2022, reinforcing TrueMark's focus on innovative, sub-advised active ETF solutions.