---
ticker: "APRZ"
name: "TrueShares Structured Outcome (April) ETF"
url: "https://etf.net/etf/APRZ"
grade: "D"
score: 28
graded_at: "2026-10-12"
category: "S&P 500 Buffer 9-12%"
category_rank: "76 of 77"
methodology: "https://etf.net/methodology"
---

# APRZ: TrueShares Structured Outcome (April) ETF

Grade **D**, Score 28 of 100. Rank 76 of 77 in S&P 500 Buffer 9-12%.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 40 | 34 of 77 |
| Mission | Not scored | — |
| Risk | 17 | 75 of 76 |
| Tradability | 13 | 72 of 77 |
| Holdings | Not scored | — |
| Durability | 41 | 56 of 77 |

## Top holdings

The fund holds 13 positions. These are the largest 13, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Treasury Bill B 03/18/27 | 86.43% |
| 2 | — | SPY 03/31/27 C650.34 Euro Cash Flex | 8.08% |
| 3 | — | SPY 03/31/27 C717.00 Euro Cash Flex | 2.09% |
| 4 | — | SPY 03/31/27 C719.00 Euro Cash Flex | 2.05% |
| 5 | — | SPY 03/31/27 C654.00 Euro Cash Flex | 0.59% |
| 6 | — | SPY 03/31/27 C700.00 Euro Cash Flex | 0.36% |
| 7 | — | SPY 03/31/27 C734.00 Euro Cash Flex | 0.28% |
| 8 | — | SPY 03/31/27 C774.01 Euro Cash Flex | 0.17% |
| 9 | — | SPY 03/31/27 C651.00 Euro Cash Flex | 0.17% |
| 10 | — | State Street Inst U.s. Government Mmkt Admn Class | 0.09% |
| 11 | — | SPY 03/31/27 C731.00 Euro Cash Flex | 0.09% |
| 12 | — | SPY 03/31/27 C710.00 Euro Cash Flex | 0.08% |
| 13 | — | Broker Sweep | 0.05% |

Source: etf.net, https://etf.net/etf/APRZ. Please cite the page URL.