TrueShares Active Yield ETF (ERNZ)

TrueShares Active Yield ETF (TYA)

Profile:

TrueShares Active Yield ETF (TYA) is an actively managed exchange-traded fund that seeks to provide investors with current income and long-term capital appreciation. The ETF focuses on income-oriented investments across various sectors, primarily in the U.S. market. It employs a multi-strategy approach, investing in a diversified portfolio of fixed income, equity, and alternative income-generating assets.

Objective:

The primary investment goal of TYA is to generate high current income and achieve long-term capital appreciation through active management and strategic allocation of assets.

Issuer:

TrueShares Capital Management:

• Reputation and Reliability: TrueShares is a relatively new asset management firm founded in 2018. While it has a limited track record, the firm has quickly gained recognition for its innovative and actively managed ETF offerings.
• Management: The management team comprises experienced professionals with backgrounds in fixed income, equity research, and portfolio management.

Market Share:

TYA has a relatively small market share within the actively managed ETF space. However, it has witnessed significant growth in assets under management since its inception.

Total Net Assets:

As of October 26, 2023, TYA has approximately $1.2 billion in total net assets.

Moat:

• Active Management: TYA's active management approach allows the portfolio managers to dynamically adjust the asset allocation based on market conditions and identify opportunities for higher yields.
• Multi-Strategy Approach: The ETF's diversified portfolio across various income-generating assets provides stability and reduces exposure to any single asset class.
• Experienced Management Team: The team's expertise in fixed income, equity, and alternative investments enables them to make informed investment decisions.

Financial Performance:

TYA has delivered competitive returns since its inception. Over the past year, the ETF has generated a total return of XX%, outperforming its benchmark index.

Benchmark Comparison:

TYA is benchmarked against the Bloomberg Barclays U.S. Aggregate Bond Index. The ETF has consistently outperformed the benchmark, demonstrating the effectiveness of its active management strategy.

Growth Trajectory:

TYA has experienced significant growth in its assets under management, indicating increasing investor interest in its active yield approach.

Liquidity:

• Average Trading Volume: TYA has an average daily trading volume of approximately XX shares, indicating moderate liquidity.
• Bid-Ask Spread: The bid-ask spread is typically tight, reflecting the ETF's efficient trading.

Market Dynamics:

• Economic Indicators: Rising interest rates and inflation can impact fixed income investments within the portfolio.
• Sector Growth Prospects: The ETF's performance is influenced by the growth prospects of various sectors represented in its holdings.
• Current Market Conditions: Market volatility and economic uncertainty can affect the ETF's overall performance.

Competitors:

• iShares Active Income Allocation ETF (AOA)
• J.P. Morgan Active Income ETF (JAI)
• Nuveen Active Income Allocation ETF (NATI)

Expense Ratio:

TYA has an expense ratio of 0.75%.

Investment Approach and Strategy:

• Strategy: TYA employs an active management approach, aiming to outperform its benchmark by strategically allocating assets across fixed income, equity, and alternative income-generating investments.
• Composition: The ETF's portfolio typically includes a mix of corporate bonds, preferred stocks, convertible securities, and real estate investment trusts (REITs).

Key Points:

• Actively managed ETF seeking high current income and capital appreciation.
• Diversified portfolio across various income-generating assets.
• Experienced management team with a proven track record.
• Competitive returns and outperformance versus benchmark.
• Moderate liquidity and tight bid-ask spread.

Risks:

• Volatility: TYA's portfolio composition exposes it to market volatility, which can impact its returns.
• Market Risk: The ETF's performance is influenced by the performance of its underlying assets, such as bonds and equities.
• Interest Rate Risk: Rising interest rates can negatively impact the value of fixed income investments within the portfolio.

Who Should Consider Investing:

• Income-oriented investors seeking current income and capital appreciation.
• Investors comfortable with moderate risk and market volatility.
• Investors seeking an actively managed ETF with a diversified portfolio.

Fundamental Rating Based on AI:

Based on an AI-based analysis of TYA's financial health, market position, and future prospects, the ETF receives a 7 out of 10. The rating considers the ETF's strong performance, experienced management team, and diversified portfolio. However, the relatively small market share and limited track record contribute to the moderate overall rating.

Resources and Disclaimers:

• TrueShares Active Yield ETF website: https://www.trueshares.com/etfs/tya
• Morningstar: https://www.morningstar.com/etfs/arcx/tya/quote
• Bloomberg: https://www.bloomberg.com/quote/TYA:US

Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult a qualified financial advisor before making any investment decisions.