JULZ ETF — Trueshares Structured Outcome (July) ETF

Trueshares Structured Outcome (July) ETF (JULZ)

JULZ is an ETF. its distribution rate is 2.98%, its trailing-12-month yield is 10.93%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 119.7% over the past 6.2 years, 46.2 points behind SPY at 165.9%.

Trueshares Structured Outcome (July) ETF is an actively-managed fund that uses options strategies on the S&P 500 Index, purchasing call options and selling put options that roll monthly to generate returns. The fund has a modest current distribution rate, does not maintain a regular distribution schedule, and carries an expense ratio of 0.79%; note that its latest distribution was special and may not recur. This fund appeals to investors seeking equity market exposure through structured option strategies rather than traditional buy-and-hold investing.

JULZ performance versus SPY

Price and return data through 2026-09-30.

Total return is 119.7% over the past 6.2 years, 46.2 points behind SPY at 165.9%. Over the past year its total return — price change plus distributions reinvested — is 11.3%. Its deepest 1-year drawdown was 8.5%.

JULZ key facts

Distribution Safety Score™

50 · Unproven

Issuer

TrueShares

Asset type

ETF

Asset class

Equity

Inception date

06/30/2020

Expense ratio

0.79%

Distribution rate

2.98%

Distribution frequency

Annual

Trailing yield

10.93%

Last close

$46.10 (as of 2026-09-30)

NAV

$46.10

Premium / discount

0.00%

AUM

$38,634,280

Average volume

137.0

Last dividend

$5.039

Last ex-dividend date

12/24/2025

Last payment date

12/26/2025 (as of 2025-12-26)

Beta

0.8

P/E ratio

27.1973

How Dividend Vision calculates yield and returns

Distribution rate (2.98%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (10.93%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: TrueShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

JULZ risks and drawbacks

JULZ's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 8.5%.

Who may consider JULZ — and who may not

JULZ may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (JULZ pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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