Defined Outcome · BATS · USD · Data as of 2026-07-30
AUM
$32.70M
Expense ratio
0.79%
Yield
3.15%
YTD return
+6.60%
Last price
$39.08
Active · Coverage 75% · medium
Today
38.5
Outlook
46.2
Block A (composite-derived)
47.8
Block C (market behavior)
31.4
Today overlay (Block D)
0.0
Outlook overlay (Block D)
0.0
today_score = clip(0,100, 50 + 0.15·(A−50) + 0.60·(C−50) + D_today). Block B (holdings rollup) is in Phase 3 development; β=0 caps the natural range at ~12.5–87.5 in Preview v0.9. Formula version tide-etf-v1.0.0.
47.8
Coverage 75% · medium
Liquidity
25.0
Expenses
45.0
Performance
66.0
Volatility
27.4
Dividend
42.4
Concentration
95.0
Smart Money
—
Activist
—
Formula version composite-v1.0.0. Axes hover to see why a sub-score is missing.
TrueShares Structured Outcome (April) ETF (APRZ) is an exchange-traded fund from TrueShares in the Mixed asset class. Launched in 2021. Assets under management: 17,383,120.
Bullish Whales composite rating: 48 out of 100. Evidence coverage 75% across 6 of 8 axes. Strongest axes: concentration, performance, expenses.
Annualized one-year realized volatility 10%, classified low. Weakest axes: liquidity, volatility.
Top-10 weight 0%, diversified, led by SALXX. Trailing yield 0%.
etf_composite_score_current · composite_score, concentration_score, confidence, coverage_pct, expenses_score, liquidity_score, performance_score, volatility_scoreetf_fundamentals_td · dividend_frequency, yieldetf_holdings_top10 · holding_symbol, weightetf_universe · asset_class, aum_usd, fund_type, inception_date, issuer, name, ticker, volatility_1yThe TrueShares Structured Outcome (April) Fund is an exchange-traded fund (ETF) designed to provide investors with defined outcomes through tailored exposure to equity market performance. Piloting a unique structure among structured funds, it aims for predictable returns by employing option strategies, enabling investors to achieve rate-capped gains while protecting against certain downside risks over a specific investment period, which resets every April. By integrating systematic options on major indices, the fund appeals predominantly to risk-averse investors or those seeking to manage volatility in their portfolios. Its predictable outcome framework extends to sectors where equity markets' speculative nature can be daunting, thus offering peace of mind for participants. Structured outcome funds like this play a significant role in the financial market by furnishing conservative investment instruments that appeal to both individual investors looking for stability and institutional players seeking defined risk and return parameters. By doing so, the fund enables strategic allocation balancing across diverse market conditions.
30-day change
-$1.15M
90-day change
—
Current AUM: $32,695,540. AUM change is computed from rolling daily fundamentals snapshots; it reflects total net-asset deltas (creations/redemptions + market value moves), not pure share creations.
Fund documents (fact sheets, prospectuses, semi-annual reports) for APRZ are coming soon. The BW fund-document archive will surface PDFs alongside a metadata index for searchability.