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AUGZ

GradeDChicago Board Options Exchange

TrueShares Structured Outcome (August) ETF

Buffered · TrueShares · Inception 2020-07-31

$46.24−0.26 (−0.55%)

As of Sep 23, 2026, 2:19 PM EDT

Intraday session: down, 52 prints from 46.50 to 46.24. Range 46.17 to 46.45. Use the arrow keys to read each point.$46.20$46.30$46.4010 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$44M
1Y return
+11.9%
Yield · Last 12 months
3.30%
Holdings
6
Volume · 30D
0M sh
NAV per share
$46.48
52W range
low $39.83high $46.95

The ETF.net AUGZ Grade

D

38/ 100

Rank 62 of 77 in S&P 500 Buffer 9-12%⁠

Confidence Medium

Six-pillar profile for AUGZ. Scores out of 100: Cost 40, Risk 23, Mission not scored, Tradability 47, Holdings not scored, Durability 53. Strongest: Durability (53). Weakest: Risk (23). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 38 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 40
    Category rank35/77 · top 45%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 23
    Category rank64/73 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 47
    Category rank43/77 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 53
    Category rank34/77 · top 44%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on AUGZ

ETF.net Research

DAugust is the clock. Each 12-month period, options aim to absorb the first 8% to 12% of an S&P 500 price drop, and the mandate tracks the index's price moves rather than trading the upside away for a fixed cap.

Stated mandate

The Fund seeks to track the S&P 500 Price Return Index before fees and expenses while using an options strategy to buffer the first 8% to 12% of index losses over each 12-month August investment period.

Why people hold it

  1. 01Options are built to absorb the first 8% to 12% of S&P 500 price losses over each 12-month August period, so the first slice of a drawdown lands on the options sleeve.
  2. 02The stated objective is to track the S&P 500 price index before fees, not to swap upside for a fixed cap. That is the rarer setup in a category largely built on caps.
  3. 03TrueShares runs the same design on other reset months (FEBZ, MARZ, JULZ, SEPZ), so you can pick a start date or ladder several rather than live on one August clock.

Worth knowing

  1. 01The buffer is a range, 8% to 12%, not a set number, and it re-strikes every August at whatever options pricing allows that day.
  2. 02The reference is the S&P 500 price index, so dividends sit outside what the fund aims to deliver.
  3. 030.80% a year sits around the buffer-fund norm, though cheaper builds exist (laddered BUFB charges 0.10%), and this is a small, thinly traded fund where limit orders matter.

AUGZ Holdings

As of Sep 20, 2026, 6:45 AM
Asset class
Stocks
Holdings
6
Top-10 weight
102%
Largest holding
TREASURY BILL B 07/08/2794.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TREASURY BILL B 07/08/2794.07%42,252,000$41M58
002—SPY 07/30/27 C747.03 Euro Cash Flex7.85%477$3M1
003—BROKER SWEEP0.27%118,105$118K14
004—SPY 07/30/27 C774.00 Euro Cash Flex0.15%12$64K1
005—STATE STREET INST U.S. GOVERNMENT MMKT ADMN CLASS0.09%40,609$41K23

Showing 1–5 of 5 holdings

AUGZ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AUGZ$11,186
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AUGZ $11,186. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AUGZ. Periods over one year show the average yearly return.
PeriodAUGZ
Year to date+9.9%
1 month+0.9%
3 months+2.7%
1 year+11.9%
3 years+16.7%per year
5 years+10.4%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AUGZ
YearReturn barAUGZ
2026 YTD+9.9%
2025+13.5%
2024+18.0%
2023+17.3%
2022−10.4%
2021+20.7%
2020+11.3%

History from Aug 3, 2020

AUGZ in the news

ETF.net Research hasn’t filed on AUGZ yet — coverage lands here as it’s written.

AUGZ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
3.30%Last 12 months
Payout per share
$1.53Last 12 months
Last payment
$1.53 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2022–2026

One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 29, 2022 $0.12; Dec 27, 2023 $1.16; Dec 27, 2024 $1.57; Dec 24, 2025 $1.53. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$1.53
Dec 27, 2024Dec 30, 2024$1.57
Dec 27, 2023Dec 29, 2023$1.16
Dec 29, 2022Jan 3, 2023$0.12

AUGZ Risk

How much the fund’s monthly returns vary, scaled to a year.
9.8%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.04
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−15.7%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.75
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AUGZ Cost

Expense ratio0.80%
  • The middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

57 of the 77 S&P 500 Buffer 9-12% funds charge less.

AUGZ costs $80.00 a year on $10,000. The median S&P 500 Buffer 9-12% fund costs $79.00.