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Launched · SEC filings

TrueShares Structured Outcome (October) ETF

OCTZCboeTrueSharesC

$45.73−0.17 (−0.36%)

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

C42/ 100

Rank 56 of 77 in S&P 500 Buffer 9-12%

C42/100Rank 56 of 77inS&P 500 Buffer 9-12%
Intraday session: down, 78 prints from 45.89 to 45.73. Range 45.73 to 46.27. Use the arrow keys to read each point.45.8046.0046.1046.2046.3010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$43M
1Y total return
+8.0%
Yield · Last 12 months
3.70%
Holdings
5
Avg volume · 30D
2.5K sh
52W range
low $40.24high $47.90
Launched
Filings
SEC EDGAR

The ETF.net OCTZ Grade

Based on 5 of 6 pillars

C

Score 42 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
56 of 77
Six-pillar profile for OCTZ. Scores out of 100: Cost 40, Risk 24, Mission not scored, Tradability 27, Holdings 100, Durability 39. Strongest: Holdings (100). Weakest: Risk (24). Based on 5 of 6 pillars.

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.
    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.
    F24 out of 100
    Rank 68 of 77

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 65 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A100 out of 100
    Rank 1 of 45

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D39 out of 100
    Rank 61 of 77

Our read on OCTZ

ETF.net Research

In short

CMost buffer ETFs trade away your upside for downside protection. OCTZ skips the hard cap: it targets a 10% cushion against S&P 500 price losses over a 12-month October-to-October period, and leaves the upside open.

Stated mandate

The fund seeks to track the S&P 500 Price Return Index before fees and expenses while protecting the first 8% to 12% of index losses over a twelve-month period.

Why people hold it

  • No hard cap. It buffers the first 8% to 12% of S&P 500 price index losses per period (10% target) while leaving upside open, the design TrueShares built its lineup on.true-shares.com
  • Fixed calendar: each outcome period runs October 1 to September 30, then resets, so the buffer's start and end dates are known up front.true-shares.com
  • October is one of several monthly-dated siblings on the same index (JANZ, MAYZ, NOVZ, DECZ), so the entry month can be picked or laddered across the year.
  • Trading since 2020, one of the longer-running uncapped buffer funds on the S&P 500 price index.true-shares.com

Worth knowing

  • The buffer is a full-period outcome: buy mid-period and your cushion and starting level differ. Past the buffer, losses follow the index one for one.sec.gov
  • The options reference the S&P 500 price index, so shareholders forgo the index's dividends.sec.gov
  • Small and thinly traded, so spreads can run wider than at the largest buffer funds; 0.79% is the peer median but above laddered options like PSFF (0.10%).

OCTZ Holdings

Holdings pillarA100 out of 100Rank 1 of 45 in S&P 500 Buffer 9-12%
Asset class
Stocks
Holdings
5
Top-10 weight
103%
Largest holding
Treasury Bill B 09/02/2796.5%

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%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataTreasury Bill B 09/02/2796.54%42,729,000$41.2M16
2No dataSPY 09/30/27 C762.63 Euro Cash Flex6.56%465$2.8M1
3No dataSPY 09/30/27 C777.00 Euro Cash Flex0.13%11$56.6K1
4No dataState Street Inst U.s. Government Mmkt Admn Class0.09%40,118$40.1K22
5No dataBroker Sweep0.01%6,153$6.15K14

Showing 1–5 of 5 holdings

OCTZ Performance

Launched Sep 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.
OCTZ$10,802
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. OCTZ $10,802. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 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 OCTZ. Periods over one year show the average yearly return.
PeriodOCTZ
Year to date+7.9%
1 month−0.9%
3 months+0.9%
1 year+8.0%
3 yearsper year+16.8%
5 yearsper year+9.6%
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 OCTZ
YearReturn barOCTZ
2026 YTD+7.9%
2025+12.9%
2024+18.9%
2023+18.2%
2022−10.3%
2021+20.5%
2020+8.5%

History from Oct 1, 2020

OCTZ in the news

OCTZ 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.
3.70%Last 12 months
Payout per share
$1.70Last 12 months
Last payment
$1.70 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 $0.20; Dec 27, 2023 $1.09; Dec 27, 2024 $0.49; Dec 24, 2025 $1.70. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$1.70
Dec 27, 2024Dec 30, 2024$0.49
Dec 27, 2023Dec 29, 2023$1.09
Dec 29, 2022Jan 3, 2023$0.20

$10,000 in OCTZ 5 years ago paid $1,079 in dividends.

OCTZ Risk

Risk pillarF24 out of 100Rank 68 of 77 in S&P 500 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
9.4%
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.
1.25
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.
−15.8%
Trough Jun 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.

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

OCTZ Cost

Compare OCTZ 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.

  • OCTZ 0.79%

    $15,174

  • XTR 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • OCTZ 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$20K051015202530OCTZ $15,174XTR $5,159

Year by year

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

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