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Launched · SEC filings

TrueShares Structured Outcome (August) ETF

AUGZCboeTrueSharesD

$44.80+0.25 (+0.56%)

As of Nov 6, 2026, 12:10 PM ET

D34/ 100

Rank 72 of 77 in S&P 500 Buffer 9-12%

D34/100Rank 72 of 77inS&P 500 Buffer 9-12%
Intraday session: up, 32 prints from 44.55 to 44.80. Range 44.60 to 44.89. Use the arrow keys to read each point.44.6044.7044.9010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$44M
1Y total return
+5.9%
Yield · Last 12 months
3.44%
Holdings
6
Avg volume · 30D
2.88K sh
52W range
low $39.83high $46.95
Launched
Filings
SEC EDGAR

The ETF.net AUGZ Grade

Based on 4 of 6 pillars

D

Score 34 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
72 of 77
Six-pillar profile for AUGZ. Scores out of 100: Cost 40, Risk 25, Mission not scored, Tradability 29, Holdings not scored, Durability 52. Strongest: Durability (52). Weakest: Risk (25). Based on 4 of 6 pillars.

Score 34 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.
    D25 out of 100
    Rank 67 of 77

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D29 out of 100
    Rank 64 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 36 of 77

Our read on AUGZ

ETF.net Research

In short

DTrueShares pioneered the uncapped buffer format in 2020, and AUGZ is the August entry: it buffers the first 8% to 12% of S&P 500 price-index losses over each 12-month period, with no preset ceiling on the upside.

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

  • The uncapped original. TrueShares launched this no-hard-cap format in 2020; most buffer funds trade their downside cushion for a ceiling on gains.true-shares.com
  • Plain machinery: calls bought and puts sold on the S&P 500 price index, buffering the first 8% to 12% of losses (the adviser targets 10%) each August-to-July period.sec.govtrue-shares.com
  • Ten sibling funds reset in different months, from JANZ through DECZ, so the August start date is a choice rather than the only door in.true-shares.com

Worth knowing

  • The 0.79% fee, with no waiver attached, lands near the category norm but above AUGP's 0.50% on the same August cycle, PQX at 0.50% and ZALT at 0.69%.
  • The buffer is a target range measured before fees across the full 12-month period, not a promise; buy mid-period and you get whatever cushion is left.sec.gov
  • Options reference the price index, so S&P 500 dividends sit outside the payoff, and the cost of the options trims how much of a rally comes through.sec.gov

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$10,588
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. AUGZ $10,588. SPY $10,934. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 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+5.4%
1 month−4.1%
3 months−3.8%
1 year+5.9%
3 yearsper year+14.7%
5 yearsper year+8.4%
10 yearsFund is under 10 years oldper yearNo data

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+5.4%
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

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 Nov 5, 2026.
3.44%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

$10,000 in AUGZ 5 years ago paid $1,321 in dividends.

AUGZ Risk

Risk pillarD25 out of 100Rank 67 of 77 in S&P 500 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
9.5%
Annualised · 36 months to Oct 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.
1.20
vs 3-month T-bills · to Oct 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.
0.73
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.

FMP measures it over up to five years of monthly returns.

AUGZ Cost

Compare AUGZ and XTR

Overpaying vs XTR, cheapest in S&P 500 Buffer 9-12%

$10,015

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AUGZ 0.79%

    $15,174

  • XTR 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • AUGZ 0.79%
  • XTR 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AUGZ $15,174XTR $5,159

Year by year

YearAUGZXTROverpaying
10$1,405$455$950
20$5,331$1,769$3,562
30$15,174$5,159$10,015

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