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Launched · SEC filings

TrueShares Structured Outcome (August) ETF

AUGZCboeD

$46.65+0.03 (+0.05%)

As of Oct 13, 2026, 3:59 PM

D39/ 100

Rank 63 of 77 in S&P 500 Buffer 9-12%

D39/100Rank 63 of 77inS&P 500 Buffer 9-12%
Intraday session: up, 59 prints from 46.62 to 46.65. Range 46.56 to 46.70. Use the arrow keys to read each point.46.5846.6046.6746.7010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$44M
1Y total return
+14.1%
Yield · Last 12 months
3.29%
Holdings
5
Avg volume · 30D
0M sh
NAV per share
$46.67
52W range
low $39.83high $46.95
Launched
Filings
SEC EDGAR

The ETF.net AUGZ Grade

Based on 4 of 6 pillars

D

Score 39 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
63 of 77
Six-pillar profile for AUGZ. Scores out of 100: Cost 40, Risk 26, Mission not scored, Tradability 49, Holdings not scored, Durability 52. Strongest: Durability (52). Weakest: Risk (26). Based on 4 of 6 pillars.

Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C40 out of 100
    Rank 34 of 77

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D26 out of 100
    Rank 65 of 76

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 40 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C52 out of 100
    Rank 35 of 77

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 Oct 13, 2026
Asset class
Stocks
Holdings
5
Top-10 weight
102%
Largest holding
Treasury Bill B 07/08/2792.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Treasury Bill B 07/08/2792.75%42,223,000$41M64
002—SPY 07/30/27 C747.03 Euro Cash Flex8.76%477$4M1
003—Broker Sweep0.27%118,461$118K14
004—SPY 07/30/27 C774.00 Euro Cash Flex0.17%12$74K1
005—State Street Inst U.s. Government Mmkt Admn Class0.09%40,504$41K23

Showing 1–5 of 5 holdings

AUGZ Performance

Launched Jul 31, 2020

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

Not enough history yet.
AUGZ$11,414
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. AUGZ $11,414. SPY $12,044. Use the arrow keys to read each point.$9,566$10,905$12,244Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+10.4%
1 month+1.5%
3 months+2.1%
1 year+14.1%
3 yearsper year+16.6%
5 yearsper year+10.6%
10 yearsFund is under 10 years oldper 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+10.4%
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

Filtered to AUGZ · S&P 500 Buffer 9-12%

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 Oct 12, 2026.
3.29%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.
9.5%
Annualised · 36 months to Sep 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.
1.19
vs 3-month T-bills · to Sep 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.
0.76
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 ratio0.79%
  • The middle half of S&P 500 Buffer 9-12% funds
  • Median 0.79%

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

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

Other funds in S&P 500 Buffer 9-12%

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