Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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Trueshares Structured Outcome (July) ETF
Active ETF
JULZ
Payout Change
None
Price as of:
$31.54
-0.02
-0.06%
primary theme
N/A
JULZ (ETF)
Trueshares Structured Outcome (July) ETF
Payout Change
None
Price as of:
$31.54
-0.02
-0.06%
primary theme
N/A
JULZ (ETF)
Trueshares Structured Outcome (July) ETF
Payout Change
None
Price as of:
$31.54
-0.02
-0.06%
primary theme
N/A
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-6.7%
1 yr return
0.0%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$13.6 M
Holdings in Top 10
N/A
52 WEEK LOW AND HIGH
$31.5
$31.12
$35.34
Expenses
OPERATING FEES
Expense Ratio 0.79%
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
Investment Style
Options Trading
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
JULZ - Profile
Distributions
- YTD Total Return -10.3%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.76%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameTrueshares Structured Outcome (July) ETF
-
Fund Family NameTrueShares
-
Inception DateJun 30, 2020
-
Shares Outstanding425000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerEric Metz
Fund Description
The fund is an actively-managed ETF that seeks to achieve its investment objective by investing substantially all of its assets in options that reference the S&P 500 Price Index. It will purchase call options and sell put options on the index or an ETF that tracks the index on each Initial Investment Day with an expiration on the next Roll Date. The fund is non-diversified.
JULZ - Performance
Return Ranking - Trailing
| Period | JULZ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -6.7% | -2.8% | 240.8% | 17.00% |
| 1 Yr | 0.0% | -4.3% | 140.6% | N/A |
| 3 Yr | N/A* | -8.3% | 18.3% | N/A |
| 5 Yr | N/A* | -5.0% | 17.3% | N/A |
| 10 Yr | N/A* | -4.6% | 13.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | JULZ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 20.7% | -34.1% | 904.0% | N/A |
| 2020 | N/A | -28.6% | 438.4% | N/A |
| 2019 | N/A | -93.5% | 8.2% | N/A |
| 2018 | N/A | -38.9% | 19.8% | N/A |
| 2017 | N/A | -10.9% | 12.8% | N/A |
Total Return Ranking - Trailing
| Period | JULZ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -10.3% | -2.7% | 244.0% | 15.42% |
| 1 Yr | 0.0% | -4.3% | 140.6% | N/A |
| 3 Yr | N/A* | -8.3% | 18.3% | N/A |
| 5 Yr | N/A* | -5.4% | 17.3% | N/A |
| 10 Yr | N/A* | -4.6% | 13.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | JULZ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | 20.7% | -34.1% | 904.0% | N/A |
| 2020 | N/A | -5.9% | 438.4% | N/A |
| 2019 | N/A | -81.2% | 8.2% | N/A |
| 2018 | N/A | -29.0% | 19.8% | N/A |
| 2017 | N/A | -10.9% | 12.8% | N/A |
JULZ - Holdings
Concentration Analysis
| JULZ | Category Low | Category High | JULZ % Rank | |
|---|---|---|---|---|
| Net Assets | 13.6 M | 25 | 17.4 B | 92.51% |
| Number of Holdings | 4 | 2 | 508 | 96.18% |
| Net Assets in Top 10 | 13.6 M | -6.66 M | 5.12 B | 91.22% |
| Weighting of Top 10 | N/A | 11.3% | 100.0% | N/A |
Top 10 Holdings
- United States Treasury Bills 0% 101.11%
- United States Treasury Bills 0% 95.47%
- United States Treasury Bills 0% 86.68%
- United States Treasury Bills 0% 76.73%
- Spy 06/30/2021 310.50 C 24.06%
- Spy 06/30/2021 310.50 C 24.06%
- Spy 06/30/2021 310.50 C 24.06%
- Spy 06/30/2021 310.50 C 24.06%
- Spy 06/30/2021 310.50 C 24.06%
- Spy 06/30/2021 310.50 C 24.06%
Asset Allocation
| Weighting | Return Low | Return High | JULZ % Rank | |
|---|---|---|---|---|
| Bonds | 101.11% | 0.00% | 97.96% | 62.21% |
| Cash | 0.01% | -0.76% | 100.29% | 6.87% |
| Preferred Stocks | 0.00% | 0.00% | 3.08% | 59.16% |
| Other | 0.00% | 0.00% | 45.92% | 68.32% |
| Convertible Bonds | 0.00% | 0.00% | 20.91% | 61.07% |
| Stocks | -1.12% | -3.92% | 100.76% | 85.50% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | JULZ % Rank | |
|---|---|---|---|---|
| Government | 99.99% | 0.00% | 99.91% | 61.83% |
| Cash & Equivalents | 0.01% | 0.09% | 100.00% | 42.37% |
| Derivative | 0.00% | 0.00% | 0.13% | 59.92% |
| Securitized | 0.00% | 0.00% | 22.63% | 58.78% |
| Corporate | 0.00% | 0.00% | 91.57% | 64.12% |
| Municipal | 0.00% | 0.00% | 97.57% | 58.78% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | JULZ % Rank | |
|---|---|---|---|---|
| US | 101.11% | 0.00% | 97.96% | 62.60% |
| Non US | 0.00% | 0.00% | 16.94% | 59.16% |
JULZ - Expenses
Operational Fees
| JULZ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.79% | 0.20% | 6.78% | 82.72% |
| Management Fee | 0.79% | 0.20% | 1.75% | 42.91% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 40.80% |
| Administrative Fee | N/A | 0.02% | 0.28% | N/A |
Sales Fees
| JULZ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| JULZ 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.
| JULZ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 456.80% | N/A |
JULZ - Distributions
Dividend Yield Analysis
| JULZ | Category Low | Category High | JULZ % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 3.76% | 61.71% |
Dividend Distribution Analysis
| JULZ | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| JULZ | Category Low | Category High | JULZ % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.76% | -2.54% | 14.24% | 68.85% |
Capital Gain Distribution Analysis
| JULZ | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
JULZ - Fund Manager Analysis
Managers
Eric Metz
Start Date
Tenure
Tenure Rank
Jun 30, 2020
1.83
1.8%
Eric oversees all investment strategies and portfolio management activities at the firm. Prior to joining SRA, Eric was the Derivatives Strategist and Portfolio Manager at RiverNorth Capital Management, managing both mutual fund and hedge fund assets (and was a client of SpiderRock). He began his career with the Chicago Trading Company on the floors of the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE). After the trading floors, Eric was a senior trader and partner at Ronin Capital and Bengal Capital, both proprietary trading firms specializing in volatility arbitrage. Eric graduated, Magna Cum Laude, from the University of Michigan with a B.S.E in Industrial and Operations Engineering. He earned his M.S.E., with honors, in Industrial and Operational Engineering, and was enrolled in the program’s PhD program. Eric is a CFA Charterholder, a member of the CFA Institute, the CFA Society of Chicago and a board member of the OIC Institutional Advisory Council.
Fred Sloneker
Start Date
Tenure
Tenure Rank
Jun 30, 2020
1.83
1.8%
Fred Sloneker joined SpiderRock Advisors in 2019 and serves as portfolio manager. Prior to joining SRA, Mr. Sloneker was the Head Quantitative Trader for a series of SpiderRock trading subsidiaries. He began his career as a Trader and Portfolio Manager for hedge funds JMG Triton Offshore and St. Claire Capital Management in San Francisco, specializing in a broad variety of convertible arbitrage strategies. He later created and managed a volatility strategy for Toronto Dominion (TD) Securities. Mr. Sloneker graduated from the California Institute of Technology (Caltech) with a B.S. in Economics.
Jordan Waldrep
Start Date
Tenure
Tenure Rank
Jun 30, 2020
1.83
1.8%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 19.77 | 3.61 | 5.67 |
