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JUNZ

GradeDChicago Board Options Exchange

TrueShares Structured Outcome (June) ETF

Buffered · TrueShares · Inception 2021-05-28

$36.10−0.03 (−0.09%)

As of Sep 23, 2026, 1:58 PM EDT

Intraday session: down, 15 prints from 36.13 to 36.10. Range 35.95 to 36.10. Use the arrow keys to read each point.$35.95$36.00$36.0510 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$31M
1Y return
+12.4%
Yield · Last 12 months
2.08%
Holdings
7
Volume · 30D
0M sh
NAV per share
$36.14
52W range
low $30.54high $36.27

The ETF.net JUNZ Grade

D

29/ 100

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

Confidence Medium

Six-pillar profile for JUNZ. Scores out of 100: Cost 40, Risk 23, Mission not scored, Tradability 12, Holdings not scored, Durability 41. Strongest: Durability (41). Weakest: Tradability (12). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 29 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 rank52/77 · mid-pack

  • 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 rank67/73 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 12
    Category rank71/77 · bottom quartile

  • 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 41
    Category rank59/77 · bottom quartile

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

Our read on JUNZ

ETF.net Research

DThe June entry in TrueShares' monthly buffer lineup, built on an unusual twist: it aims to absorb the first 8% to 12% of S&P 500 price losses over a twelve-month stretch without writing an upside ceiling into its outcome terms.

Stated mandate

The Fund seeks pre-expense returns tracking the S&P 500 Price Return Index while buffering the first 8%–12% of index losses over a twelve-month period.

Why people hold it

  1. 01Most buffer funds sell away your upside to pay for the cushion. This one's stated terms set a downside buffer with no cap figure attached, a rare structure in the S&P 500 buffer aisle.
  2. 02The 0.79% expense ratio sits right at the median for S&P 500 buffer funds, and matches what the big-name monthly buffer series charge (PMAY, for one).
  3. 03Running since 2021 as a 1940 Act ETF, with a fresh twelve-month outcome period starting each June. The reset date is fixed and knowable, not a moving target.

Worth knowing

  1. 01The buffer is a range (8% to 12%), not a fixed promise, and it is measured over the full twelve-month period. Buy mid-period and your own cushion and starting point differ from the headline.
  2. 02The reference is the S&P 500 Price Return Index, so index dividends sit outside what the fund targets.
  3. 03A small fund that trades thinly, so spreads can widen. Limit orders are the tool here. Same-index buffer exposure also exists cheaper, such as BUFP at 0.50%.

JUNZ Holdings

As of Sep 20, 2026, 6:45 AM
Asset class
Stocks
Holdings
7
Top-10 weight
102%
Largest holding
TREASURY BILL B 05/13/2795.6%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TREASURY BILL B 05/13/2795.65%30,373,200$30M10
002—SPY 05/28/27 C756.49 Euro Cash Flex6.12%338$2M1
003—SPY 05/28/27 C774.00 Euro Cash Flex0.16%11$49K1
004—BROKER SWEEP0.15%47,677$48K14
005—STATE STREET INST U.S. GOVERNMENT MMKT ADMN CLASS0.10%30,016$30K23

Showing 1–5 of 5 holdings

JUNZ Performance

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

JUNZ$11,244
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. JUNZ $11,244. SPY $11,723. Use the arrow keys to read each point.$9,313$10,628$11,943Sep 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 JUNZ. Periods over one year show the average yearly return.
PeriodJUNZ
Year to date+10.7%
1 month+1.0%
3 months+2.9%
1 year+12.4%
3 years+16.6%per year
5 years+9.7%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 JUNZ
YearReturn barJUNZ
2026 YTD+10.7%
2025+12.8%
2024+17.4%
2023+17.2%
2022−12.9%
2021+9.8%

History from Jun 1, 2021

JUNZ in the news

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

JUNZ 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.
2.08%Last 12 months
Payout per share
$0.75Last 12 months
Last payment
$0.75 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 $0.09; Dec 29, 2022 $0.13; Dec 27, 2023 $1.58; Dec 27, 2024 $1.18; Dec 24, 2025 $0.75. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.75
Dec 27, 2024Dec 30, 2024$1.18
Dec 27, 2023Dec 29, 2023$1.58
Dec 29, 2022Jan 3, 2023$0.13
Dec 29, 2021Dec 31, 2021$0.09

JUNZ Risk

How much the fund’s monthly returns vary, scaled to a year.
10.3%
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.
0.97
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.
−17.9%
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.
0.79
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.

JUNZ 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.

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