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Launched · SEC filings

TrueShares Structured Outcome (December) ETF

DECZCboeC

$44.550.00 (−0.01%)

As of Oct 13, 2026, 3:59 PM

C43/ 100

Rank 51 of 77 in S&P 500 Buffer 9-12%

C43/100Rank 51 of 77inS&P 500 Buffer 9-12%
Intraday session: down, 63 prints from 44.56 to 44.55. Range 44.52 to 44.63. Use the arrow keys to read each point.44.5244.5444.5844.6044.6210 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$37M
1Y total return
+14.5%
Yield · Last 12 months
2.96%
Holdings
17
Avg volume · 30D
0M sh
NAV per share
$44.61
52W range
low $37.98high $44.76
Launched
Filings
SEC EDGAR

The ETF.net DECZ Grade

Based on 5 of 6 pillars

C

Score 43 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
51 of 77
Six-pillar profile for DECZ. Scores out of 100: Cost 40, Risk 26, Mission not scored, Tradability 32, Holdings 100, Durability 44. Strongest: Holdings (100). Weakest: Risk (26). Based on 5 of 6 pillars.

Score 43 of 100 falls in the C 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.
    D32 out of 100
    Rank 58 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A100 out of 100
    Rank 1 of 44

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C44 out of 100
    Rank 50 of 77

Our read on DECZ

ETF.net Research

CMost buffer ETFs cap your upside to pay for the cushion. DECZ skips the cap: it aims to absorb the first 8% to 12% of an S&P 500 price drop each December-to-December period, taking partial upside instead.

Stated mandate

The Fund seeks to track the S&P 500 Price Return Index before fees and expenses while cushioning the first 8% to 12% of index losses during each twelve-month period.

Why people hold it

  1. 01No ceiling on gains. Rather than a cap, DECZ takes partial participation in the index's rise, so a runaway rally isn't cut off at a fixed number.true-shares.com
  2. 02Part of the TrueShares series that pioneered the uncapped buffer format in 2020, one fund per month. DECZ owns the December-to-December window.true-shares.com
  3. 03The cushion is written into the mandate: the first 8% to 12% of S&P 500 price losses over each twelve-month period, absorbed before you feel them.true-shares.com

Worth knowing

  1. 01Costs 0.80% a year, about the buffer-ETF median but well above laddered options like BUFP at 0.50%.
  2. 02The buffer is a target range, not a fixed number, and it resets each December. Buy mid-period and your cushion looks different.true-shares.com
  3. 03Small and thinly traded, so spreads can run wider than the category's giants. The reference is a price index, so dividends sit outside the math.

DECZ Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
17
Top-10 weight
100%
Largest holding
Treasury Bill B 11/27/2688.4%

Sectors

  • Technology37.9%
  • Financials11.7%
  • Communication10.0%
  • Consumer Discretionary9.6%
  • Health Care9.1%
  • Industrials8.4%
  • Consumer Staples4.6%
  • Energy3.0%
  • Utilities2.3%
  • Real Estate1.9%
  • Materials1.7%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Treasury Bill B 11/27/2688.37%33,288,100$33M29
002—SPY 11/30/26 C683.42 Euro Cash Flex8.98%335$3M1
003—SPY 11/30/26 C683.40 Euro Cash Flex0.59%22$221K1
004—SPY 11/30/26 C665.00 Euro Cash Flex0.47%15$178K1
005—SPY 11/30/26 C696.01 Euro Cash Flex0.28%12$106K1
006—SPY 11/30/26 C683.01 Euro Cash Flex0.27%10$101K1
007—SPY 11/30/26 C686.01 Euro Cash Flex0.26%10$98K1
008—SPY 11/30/26 C710.00 Euro Cash Flex0.16%8$60K1
009—SPY 11/30/26 C667.00 Euro Cash Flex0.16%5$58K1
010—SPY 11/30/26 C694.00 Euro Cash Flex0.12%5$45K1
011—SPY 11/30/26 C725.00 Euro Cash Flex0.10%6$37K1
012—SPY 11/30/26 C734.00 Euro Cash Flex0.08%6$32K1
013—State Street Inst U.s. Government Mmkt Admn Class0.08%30,310$30K23
014—SPY 11/30/26 C714.00 Euro Cash Flex0.06%3$21K1
015—SPY 11/30/26 C779.00 Euro Cash Flex0.05%11$18K1

Showing 1–15 of 17 holdings

DECZ Performance

Launched Nov 30, 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.
DECZ$11,451
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. DECZ $11,451. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 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 DECZ. Periods over one year show the average yearly return.
PeriodDECZ
Year to date+10.8%
1 month+1.6%
3 months+2.4%
1 year+14.5%
3 yearsper year+16.7%
5 yearsper year+11.3%
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 DECZ
YearReturn barDECZ
2026 YTD+10.8%
2025+12.3%
2024+18.9%
2023+18.3%
2022−9.0%
2021+20.2%
2020+1.6%

History from Dec 1, 2020

DECZ in the news

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

DECZ 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.
2.96%Last 12 months
Payout per share
$1.32Last 12 months
Last payment
$1.32 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2021–2026

One bar per payment. 5 payments from 2021 to 2026 YTD. Dec 29, 2021 $0.14; Dec 29, 2022 $0.39; Dec 27, 2023 $0.39; Dec 27, 2024 $0.94; Dec 24, 2025 $1.32. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$1.32
Dec 27, 2024Dec 30, 2024$0.94
Dec 27, 2023Dec 29, 2023$0.39
Dec 29, 2022Jan 3, 2023$0.39
Dec 29, 2021Dec 31, 2021$0.14

DECZ Risk

How much the fund’s monthly returns vary, scaled to a year.
9.2%
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.
1.22
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.
−16.6%
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.
0.71
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.

DECZ 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.

DECZ 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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