OCTZ ETF — TrueShares Structured Outcome (October) ETF

TrueShares Structured Outcome (October) ETF (OCTZ)

OCTZ is an ETF. its distribution rate is 3.67%, its trailing-12-month yield is 3.67%, its expense ratio is 0.79%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 102.7% over the past 6 years, 42.6 points behind SPY at 145.3%.

At the current 3.67% distribution rate, a $10,000 investment would generate approximately $367 per year if the next payment matches the last regular one.

TrueShares Structured Outcome (October) ETF is an actively-managed fund that invests in options on the S&P 500 Index, buying call options and selling put options that roll on a monthly basis to generate income. The fund carries a modest distribution rate paid annually and charges an expense ratio of 0.79%. This strategy appeals to investors seeking equity-linked income through options-based structures rather than traditional stock or bond holdings.

OCTZ performance versus SPY

Price and return data through 2026-09-30.

Total return is 102.7% over the past 6 years, 42.6 points behind SPY at 145.3%. Over the past year its total return — price change plus distributions reinvested — is 10.8%. Its deepest 1-year drawdown was 7.3%.

OCTZ key facts

Distribution Safety Score™

50 · Unproven

Issuer

TrueShares

Asset type

ETF

Asset class

Equity

Inception date

09/30/2020

Expense ratio

0.79%

Distribution rate

3.67%

Distribution frequency

Annual

Trailing yield

3.67%

Last close

$46.33 (as of 2026-09-30)

NAV

$46.37

Premium / discount

0.09% discount

AUM

$43,023,039

Average volume

1032.0

Last dividend

$1.699

Last ex-dividend date

12/24/2025

Last payment date

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

Beta

0.76

P/E ratio

28.0568

How Dividend Vision calculates yield and returns

Distribution rate (3.67%) 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 (3.67%) 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.

OCTZ risks and drawbacks

OCTZ'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 7.3%.

Who may consider OCTZ — and who may not

OCTZ may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (OCTZ 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

More securities from TrueShares.