---
ticker: "FEBZ"
name: "TrueShares Structured Outcome (February) ETF"
url: "https://etf.net/etf/FEBZ"
grade: "D"
score: 35
graded_at: "2026-10-12"
category: "S&P 500 Buffer 9-12%"
category_rank: "70 of 77"
methodology: "https://etf.net/methodology"
---

# FEBZ: TrueShares Structured Outcome (February) ETF

Grade **D**, Score 35 of 100. Rank 70 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 | 24 | 68 of 76 |
| Tradability | 41 | 50 of 77 |
| Holdings | Not scored | — |
| Durability | 29 | 67 of 77 |

## Top holdings

The fund holds 16 positions. These are the largest 16, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Treasury Bill B 01/21/27 | 90.98% |
| 2 | — | SPY 01/29/27 C692.00 Euro Cash Flex | 4.63% |
| 3 | — | SPY 01/29/27 C719.00 Euro Cash Flex | 1.66% |
| 4 | — | SPY 01/29/27 C717.00 Euro Cash Flex | 1.39% |
| 5 | — | SPY 01/29/27 C728.00 Euro Cash Flex | 0.66% |
| 6 | — | SPY 01/29/27 C756.01 Euro Cash Flex | 0.30% |
| 7 | — | SPY 01/29/27 C772.01 Euro Cash Flex | 0.18% |
| 8 | — | SPY 01/29/27 C741.00 Euro Cash Flex | 0.16% |
| 9 | — | Broker Sweep | 0.10% |
| 10 | — | SPY 01/29/27 C774.00 Euro Cash Flex | 0.10% |
| 11 | — | State Street Inst U.s. Government Mmkt Admn Class | 0.09% |
| 12 | — | SPY 01/29/27 C710.00 Euro Cash Flex | 0.05% |
| 13 | — | SPY 01/29/27 C700.00 Euro Cash Flex | 0.03% |
| 14 | — | SPY 01/29/27 C714.00 Euro Cash Flex | 0.02% |
| 15 | — | SPY 01/29/27 C734.00 Euro Cash Flex | 0.02% |
| 16 | — | SPY 01/29/27 C779.19 Euro Cash Flex | 0.02% |

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