TrueShares Structured Outcome (November) ETF (NOVZ)

Assets	$27.45M
Expense Ratio	0.79%
PE Ratio	n/a
Shares Out	450,000
Dividend (ttm)	$1.57
Dividend Yield	3.45%
Ex-Dividend Date	Dec 24, 2025
Payout Frequency	Annual
Payout Ratio	n/a

Volume	2,291
Open	45.56
Previous Close	45.75
Day's Range	45.47 - 45.56
52-Week Low	38.75
52-Week High	45.85
Beta	0.77
Holdings	12
Inception Date	Oct 30, 2020

About NOVZ

Fund Home Page

The TrueShares Structured Outcome (November) ETF (NOVZ) is an exchange-traded fund that mostly invests in downside hedge alternatives. The fund aims for specific buffered losses on the S&P 500 over a specific holdings period with uncapped gains, subject to strategy costs. The actively managed fund holds options and collateral. NOVZ was launched on Oct 30, 2020 and is issued by Truemark Group.

• Asset Class: Alternatives
• Category: Defined Outcome
• Region: North America
• Stock Exchange: BATS
• Ticker Symbol: NOVZ
• ETF Provider: Truemark Group

Top 10 Holdings

101.53% of assets

Name	Symbol	Weight
United States Treasury Bills	B.0 10.29.26	93.38%
Spy 10/30/26 C682.09 Euro Cash Flex	n/a	6.48%
Spy 10/30/26 C682.07 Euro Cash Flex	n/a	0.78%
Spy 10/30/26 C697.01 Euro Cash Flex	n/a	0.30%
Spy 10/30/26 C690.01 Euro Cash Flex	n/a	0.29%
State Street U.S. Government Money Market Portfolio	SALXX	0.10%
Spy 10/30/26 C710.00 Euro Cash Flex	n/a	0.07%
Spy 10/30/26 C693.00 Euro Cash Flex	n/a	0.06%
Spy 10/30/26 C700.00 Euro Cash Flex	n/a	0.05%
Spy 10/30/26 C714.00 Euro Cash Flex	n/a	0.02%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 24, 2025	$1.57192	Dec 26, 2025
Dec 27, 2024	$1.18039	Dec 30, 2024
Dec 27, 2023	$0.78888	Dec 29, 2023
Dec 29, 2022	$0.0742	Jan 3, 2023
Dec 29, 2021	$0.17349	Dec 31, 2021

Performance

NOVZ had a total return of 20.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.38%.