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Launched · SEC filings

TrueShares Technology, AI and Deep Learning ETF

LRNZCboeTrueSharesC

$58.70−2.62 (−4.27%)

As of Nov 2, 2026, 3:59 PM ET

C42/ 100

Rank 19 of 30 in Artificial Intelligence

C42/100Rank 19 of 30inArtificial Intelligence
Intraday session: down, 77 prints from 61.32 to 58.70. Range 58.65 to 61.09. Use the arrow keys to read each point.59.0059.5060.0060.5061.0010 AM12 PM2 PM4 PM
Expense ratio
0.68%
Fund size
$44M
1Y total return
+17.8%
Yield · Last 12 months
0.00%
Holdings
26
Avg volume · 30D
2.86K sh
52W range
low $37.89high $72.21
Launched
Filings
SEC EDGAR

The ETF.net LRNZ Grade

C

Score 42 out of 100

Category
Artificial Intelligence⁠
Rank
19 of 30
Six-pillar profile for LRNZ. Scores out of 100: Cost 41, Risk 36, Mission 65, Tradability 51, Holdings 40, Durability 58. Strongest: Mission (65). Weakest: Risk (36). Leans toward Mission.

Score 42 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.
    C41 out of 100
    Rank 17 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B65 out of 100
    Rank 9 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D36 out of 100
    Rank 22 of 28

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 17 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C40 out of 100
    Rank 20 of 27

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 15 of 30

Our read on LRNZ

ETF.net Research

In short

CThe stock-picker's AI fund. TrueShares launched LRNZ in 2020 and runs a couple dozen high-conviction technology and deep-learning names instead of a broad index basket. Concentrated by design, active by mandate.

Stated mandate

The Fund is an actively managed ETF investing at least 80% of its net assets in common stock of technology, artificial intelligence, and deep learning companies. Its selection process emphasizes companies with substantial technology-related revenue, profit, or research-and-development exposure and competitive advantages in these fields.

Why people hold it

  • Actively managed and deliberately concentrated at roughly two dozen holdings, so each pick carries real weight rather than being diluted across hundreds of names.
  • Live since 2020, before AI became the loudest trade on the tape. That gives it a multi-year record across very different tech markets, not a post-hype launch.
  • At least 80% of net assets sit in technology, AI and deep-learning companies, screened for real tech revenue, profit or R&D exposure rather than an AI mention in the deck.
  • What is inside matches the label: the portfolio stays close to its stated AI and deep-learning mandate instead of drifting into generic megacap tech.

Worth knowing

  • The 0.68% fee lands at the category median, while big index-based rivals such as XAIX (0.35%) and QTUM (0.40%) charge less for a wider basket.
  • Concentration cuts both ways. With only a couple dozen positions, a single stumbling holding moves this fund far more than it would a broad AI index.
  • One of the smaller and more thinly traded funds in the AI group, so spreads and order execution matter more here than with the category heavyweights.

LRNZ Performance

Launched Feb 28, 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.
LRNZ$11,781
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. LRNZ $11,781. SPY $11,199. Use the arrow keys to read each point.$8,000$10,000$12,000$14,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 LRNZ. Periods over one year show the average yearly return.
PeriodLRNZ
Year to date+28.7%
1 month−11.4%
3 months+3.5%
1 year+17.8%
3 yearsper year+30.2%
5 yearsper year+3.9%
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 LRNZ
YearReturn barLRNZ
2026 YTD+28.7%
2025+22.3%
2024+2.0%
2023+67.1%
2022−51.5%
2021−1.0%
2020+87.8%

History from Mar 2, 2020

LRNZ in the news

LRNZ 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 30, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2021

One bar per payment. 1 payment in 2021. Dec 29, 2021 $0.06. Use the arrow keys to read each point.2021
Ex-datePay dateAmount per share
Dec 29, 2021Dec 31, 2021$0.06

$10,000 in LRNZ 5 years ago paid $11.96 in dividends.

LRNZ Risk

Risk pillarD36 out of 100Rank 22 of 28 in Artificial Intelligence
How much the fund’s monthly returns vary, scaled to a year.
34.5%
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.
0.80
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.
−61.3%
Trough Jan 2023
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.
1.79
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.

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

LRNZ Cost

Compare LRNZ and XAIX

Overpaying vs XAIX, tied cheapest in Artificial Intelligence

$6,126

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

  • LRNZ 0.68%

    $13,252

  • XAIX 0.35% Tied cheapest

    $7,126

$10,000
30 years

Cost over time

  • LRNZ 0.68%
  • XAIX 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530LRNZ $13,252XAIX $7,126

Year by year

YearLRNZXAIXOverpaying
10$1,215$634$581
20$4,633$2,454$2,179
30$13,252$7,126$6,126

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