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About Elevation Series Trust TrueShares Quarterly Bear Hedge ETF
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Inception date
Jun 28, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Truemark Investments LLC
Distributor
Paralel Distributors LLC
QBER seeks to benefit from tail risk or declines in the US large-cap equity market. The actively managed fund aims for protection during high volatility environments while maintaining potential for income. The fund aims to select high-quality short-term debt securities with about three months to maturity. It then mitigates equity risk through the utilization of put options. At the start of each quarter, the fund purchases out-of-the money or at-the-money put options. The adviser evaluates the relative prices of options and selects those with the highest expected return based on market volatility. When the value of the large-cap equity market is below the put options strike price, it finishes in-the-money and may generate positive returns. The fund may employ more complex option strategies, such as box spreads. Income and actual principal value protected are expected to be at least 98% on a quarter-to-quarter basis.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government99.60%
Cash0.35%
Mutual fund0.04%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QBER assets under management is 145.34 M USD. It's fallen 17.33% over the last month.
QBER fund flows account for 145.93 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, QBER pays dividends to its holders with the dividend yield of 1.35%. The last dividend (Dec 30, 2024) amounted to 0.33 USD. The dividends are paid annually.
QBER shares are issued by Truemark Group LLC under the brand TrueShares. The ETF was launched on Jun 28, 2024, and its management style is Active.
QBER expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
QBER follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QBER invests in bonds.
QBER price has risen by 0.36% over the last month, and its yearly performance shows a −1.36% decrease. See more dynamics on QBER price chart.
NAV returns, another gauge of an ETF dynamics, showed a −0.01% decrease in three-month performance and has increased by 0.19% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −0.01% decrease in three-month performance and has increased by 0.19% in a year.
QBER trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.