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TrueShares ESG Active Opportunities ETF
Active ETF
ECOZ
Payout Change
Pending
Price as of:
$38.61
+0.0
+0.0%
primary theme
N/A
ECOZ (ETF)
TrueShares ESG Active Opportunities ETF
Payout Change
Pending
Price as of:
$38.61
+0.0
+0.0%
primary theme
N/A
ECOZ (ETF)
TrueShares ESG Active Opportunities ETF
Payout Change
Pending
Price as of:
$38.61
+0.0
+0.0%
primary theme
N/A
Name
As of 07/31/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$2.51 M
Holdings in Top 10
36.7%
52 WEEK LOW AND HIGH
$38.6
$30.46
$38.78
Expenses
OPERATING FEES
Expense Ratio 0.58%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 07/31/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ECOZ - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.42%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameTrueShares ESG Active Opportunities ETF
-
Fund Family NameTrueShares
-
Inception DateFeb 28, 2020
-
Shares Outstanding225000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJordan Waldrep
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”) that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings made for investment purposes) in the common stock of environmental, social, and governance (“ESG”) companies. The Fund considers ESG companies to be those that adhere to ESG best practices, measured at the time of investment using the Adviser’s and Sub-Adviser’s proprietary screening and selection process. For purposes of the foregoing policy, “ESG best practices” consist of promotion of leadership diversity, reduction of carbon emissions, and implementation of minority hiring practices. At a minimum, the Fund will evaluate companies with a heavy emphasis on the quantitative data (i.e., numerical data) that is available, specifically with regard to total carbon emissions. Management evaluations will be supplemented with third party scores to provide a secondary check on corporate ESG best practices. The Fund focuses its investments in equity securities issued by U.S. listed large-capitalization companies. The Fund generally considers a company to be a large-cap company if it has a market capitalization, at the time of purchase, over $10 billion.
TrueMark Investments, LLC, the Fund’s adviser (the “Adviser”), and Purview Investments, LLC, the Fund’s sub-adviser (“Purview” or “Sub-Adviser”), will utilize a two phase process in selecting companies for the portfolio. In the initial phase, the Adviser and Sub-Adviser will utilize a proprietary ESG best practices screening process which is comprised of hundreds of data points from various sources, including the companies and third party providers, to evaluate ESG characteristics. This initial screen specifically includes quantitative measures that score the carbon emissions of each company. In the final step of the initial phase, the companies are screened against traditional aspects of ESG best practices (e.g., promotion of leadership diversity, reduction of carbon emissions, and implementation of minority hiring practices). Once completed, the initial phase produces an investable universe of approximately 100-150 companies, and each company in the universe is then assigned an ESG rating (“ESG Rating”).
The second phase of the portfolio construction process entails the application of additional proprietary analytics to the universe of investable companies. Their value, quality and outlook within their respective industries and the market are thoroughly assessed to establish management’s opinion of the underlying value of the businesses. The Adviser and Sub-Adviser define this as “Intrinsic
Value” and compares a company’s Intrinsic Value to its share prices in the market to determine its “Relative Value.” The Adviser and Sub-Adviser believe that equities with positive Relative Value offer the best risk/reward opportunity for investors. The focus of this second phase is geared towards identifying companies that not only received a high ESG Rating, but can also deliver better than average returns as indicated by Relative Value.
At the conclusion of the second phase, the companies are ranked based on their ESG Rating and Relative Value to prioritize investment in companies that the Adviser and Sub-Adviser believe offer the best combination for the Fund. The final portfolio will include approximately 75-125 securities. The portfolio is then monitored by the Adviser and Sub-Adviser and the weightings are adjusted regularly with a focus on each company’s ESG Rating and Relative Value.
The Fund is actively managed and does not seek to track the performance of any particular index.
The Fund invests in securities of companies operating in a broad range of industries, and will not invest more than 25% of its assets in any single industry.
ECOZ - Performance
Return Ranking - Trailing
| Period | ECOZ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -72.2% | 44.2% | 65.55% |
| 1 Yr | N/A | -85.9% | 53.2% | 2.21% |
| 3 Yr | N/A* | -50.5% | 11.5% | 1.97% |
| 5 Yr | N/A* | -33.6% | 19.6% | 61.15% |
| 10 Yr | N/A* | -16.2% | 17.8% | 81.06% |
* Annualized
Return Ranking - Calendar
| Period | ECOZ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -23.4% | -85.9% | 4.7% | 9.06% |
| 2022 | 18.0% | -68.3% | 60.5% | 19.86% |
| 2021 | N/A | -34.3% | 145.0% | N/A |
| 2020 | N/A | -21.8% | 49.4% | N/A |
| 2019 | N/A | -57.9% | 10.6% | N/A |
Total Return Ranking - Trailing
| Period | ECOZ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -72.2% | 44.2% | 96.39% |
| 1 Yr | N/A | -73.8% | 56.7% | 84.17% |
| 3 Yr | N/A* | -36.2% | 25.6% | 9.04% |
| 5 Yr | N/A* | -20.0% | 23.1% | N/A |
| 10 Yr | N/A* | -3.0% | 19.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | ECOZ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -22.7% | -66.1% | 5.6% | 17.19% |
| 2022 | 18.4% | -68.3% | 118.1% | 69.86% |
| 2021 | N/A | 2.8% | 151.8% | N/A |
| 2020 | N/A | -5.2% | 49.4% | N/A |
| 2019 | N/A | -21.9% | 17.0% | N/A |
ECOZ - Holdings
Concentration Analysis
| ECOZ | Category Low | Category High | ECOZ % Rank | |
|---|---|---|---|---|
| Net Assets | 2.51 M | 207 K | 139 B | 99.92% |
| Number of Holdings | 60 | 2 | 3509 | 50.90% |
| Net Assets in Top 10 | 893 K | -1.37 M | 104 B | 99.84% |
| Weighting of Top 10 | 36.73% | 11.4% | 100.0% | 85.56% |
Top 10 Holdings
- NVIDIA Corp. COM USD0.001 5.74%
- Grainger W W Inc COM USD0.50 4.22%
- Microsoft Corporation COM USD0.00000625 4.08%
- Tesla Inc COM USD0.001 4.05%
- Rockwell Automation, Inc. COM USD1 3.70%
- Apple Inc. COM USD0.00001 3.59%
- Alphabet Inc. CAP STK USD0.001 CL A 2.98%
- AmerisourceBergen Corporation COM USD0.01 2.86%
- Costco Wholesale Corporation COM USD0.01 2.81%
- American Express Company COM USD0.20 2.70%
Asset Allocation
| Weighting | Return Low | Return High | ECOZ % Rank | |
|---|---|---|---|---|
| Stocks | 99.44% | 50.26% | 104.50% | 23.98% |
| Cash | 0.56% | -10.83% | 49.73% | 69.15% |
| Preferred Stocks | 0.00% | 0.00% | 4.41% | 40.18% |
| Other | 0.00% | -2.66% | 17.15% | 47.63% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 30.66% |
| Bonds | 0.00% | -1.84% | 25.77% | 34.86% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ECOZ % Rank | |
|---|---|---|---|---|
| Technology | 22.66% | 0.00% | 65.70% | 91.48% |
| Financial Services | 16.52% | 0.00% | 43.06% | 10.57% |
| Healthcare | 14.04% | 0.00% | 39.76% | 36.48% |
| Consumer Cyclical | 13.15% | 0.00% | 62.57% | 66.23% |
| Communication Services | 9.17% | 0.00% | 66.40% | 63.36% |
| Consumer Defense | 8.63% | 0.00% | 25.50% | 6.64% |
| Industrials | 8.48% | 0.00% | 30.65% | 20.98% |
| Real Estate | 4.08% | 0.00% | 16.05% | 8.11% |
| Basic Materials | 2.11% | 0.00% | 18.91% | 29.92% |
| Utilities | 1.15% | 0.00% | 16.07% | 15.98% |
| Energy | 0.00% | 0.00% | 41.09% | 68.11% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ECOZ % Rank | |
|---|---|---|---|---|
| US | 99.44% | 34.69% | 100.00% | 16.78% |
| Non US | 0.00% | 0.00% | 54.22% | 53.19% |
ECOZ - Expenses
Operational Fees
| ECOZ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.58% | 0.01% | 20.29% | 86.36% |
| Management Fee | 0.58% | 0.00% | 1.50% | 40.76% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 7.42% |
| Administrative Fee | N/A | 0.00% | 1.02% | N/A |
Sales Fees
| ECOZ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| ECOZ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| ECOZ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 316.74% | N/A |
ECOZ - Distributions
Dividend Yield Analysis
| ECOZ | Category Low | Category High | ECOZ % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.72% | 0.00% | 5.52% | 3.43% |
Dividend Distribution Analysis
| ECOZ | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| ECOZ | Category Low | Category High | ECOZ % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.42% | -6.13% | 1.75% | 8.45% |
Capital Gain Distribution Analysis
| ECOZ | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jan 03, 2023 | $0.280 | OrdinaryDividend |
| Dec 24, 2020 | $0.130 | OrdinaryDividend |
ECOZ - Fund Manager Analysis
Managers
Jordan Waldrep
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
Jordan Waldrep brings over 15 years of investment experience to TrueMark. Previously, Mr. Waldrep was the Senior Portfolio Manager of the Vice President and Co-Portfolio Manager of the Navigator Fund at USA Mutuals. Mr. Waldrep has over 18 years of investment experience. He was the portfolio manager of Blackfin Capital ("Blackfin") from March 2014 through August 2017. Prior to Blackfin, he was an analyst and trader at Hourglass Capital since 2008. Mr. Waldrep is a member of the CFA Institute and the CFA Society of Dallas and Fort Worth. He is a Chartered Financial Ananlyst. Mr. Waldrep received a BA in Biology and History from Texas A&M University and an MBA from the University of Texas McCombs School of Business.
Linda Zhang
Start Date
Tenure
Tenure Rank
Jul 16, 2020
1.87
1.9%
Linda Zhang is the Senior Portfolio Manager and Head of Research at Windhaven Investment Management, Inc. Dr. Zhang brings 15 years of investment management experience to Windhaven, the bulk of which has been focused on managing multi-asset, global macro long/short strategies at institutional asset management firms. Linda joined Windhaven from MFS where she managed a range of mutual funds including Global Multi-Asset, Absolute Return, and Commodities funds. Prior to MFS, she was a Portfolio Manager at BlackRock where she served on the asset allocation committee and managed Global Tactical Asset Allocation and Lifecycle funds. She has also served as Head of the Quant Strategy Group and Fund Manager for State Street Research Management, and was a member of the Quantitative Research team at Baring Asset Management. Dr. Zhang has written and spoken extensively about global investment topics and has authored articles published in journals such as the Journal of Investing, CFA Digest and the Journal of Alternative Investments. Linda has a B.S. from the University of Regina in Canada, a M.S. in Resource Economics and a Ph.D. in Finance from UMass Amherst.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.16 | 2.92 |
