QBER – TrueShares Quarterly Bear Hedge ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks substantial protection of principal with total return. The fund is an actively managed ETF that aims to provide substantial protection of principal and generation of interest income while maintaining the potential to create positive returns in the event of a decline in U.S. equity markets. It seeks to achieve these goals by combining: (1) an investment of substantially all its assets in a portfolio of short-term income-generating debt securities with (2) a modest investment in put options on securities or indexes that are representative of U.S. large capitalization companies.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
QBER	TrueShares Quarterly Bear Hedge ETF	ETF	Open	—		Jun 28, 2024	$75.26M	0.790%	—	—	−$145.17M

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