ECOZ — TrueShares ESG Active Opportunities ETF
Data updated: 2023-08-15
ECOZ — TrueShares ESG Active Opportunities ETF. Blend / Core Thematic Equity · $2.43M AUM · 0.58% expense ratio. Holdings, fees, performance and SEC filings.
ECOZ Fund Overview
ECOZ — TrueShares ESG Active Opportunities ETF is a US ETF managed by Listed Funds Trust, categorised as Blend / Core Thematic Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Listed Funds Trust
- Category: Blend / Core Thematic Equity
- Assets under management: $2.43M
- 1-year return: 21.4%
- Ticker: ECOZ
- SEC CIK: 0001683471
- SEC series ID: S000068069
- Share class ID: C000218111
ECOZ Investment Objective and Strategy
TrueShares ESG Active Opportunities ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Listed Funds Trust.
Investment objective
The TrueShares ESG Active Opportunities ETF (the Fund or ESG ETF) seeks total return.
Principal investment strategy
The Fund is an actively managed exchange-traded fund (ETF) that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings made for investment purposes) in the common stock of environmental, social, and governance (ESG) companies. The Fund considers ESG companies to be those that adhere to ESG best practices, measured at the time of investment using the Advisers proprietary screening and selection process. For purposes of the foregoing policy, ESG best practices consist of promotion of leadership diversity, reduction of carbon emissions, and implementation of minority hiring practices. At a minimum, the Fund will evaluate companies with a heavy emphasis on the quantitative data ( i.e., numerical data) that is available, specifically with regard to total carbon emissions.
Management evaluations will be supplemented with third party scores to provide a secondary check on corporate ESG best practices. The Fund focuses its investments in equity securities issued by U.S. listed large-capitalization companies. The Fund generally considers a company to be a large-cap company if it has a market capitalization, at the time of purchase, over $10 billion. TrueMark Investments, LLC, the Funds adviser (the Adviser), will utilize a two phase process in selecting companies for the portfolio. In the initial phase, the Adviser will utilize a proprietary ESG best practices screening process which is comprised of hundreds of data points from various sources, including the companies and third party providers, to evaluate ESG characteristics. This initial screen specifically includes quantitative measures that score the carbon emissions of each company.
In the final step of the initial phase, the companies are screened against traditional aspects of ESG best practices ( e.g., promotion of leadership diversity, reduction of carbon emissions, and implementation of minority hiring practices). Once completed, the initial phase produces an investable universe of approximately 100-150 companies, and each company in the universe is then assigned an ESG rating (ESG Rating). The second phase of the portfolio construction process entails the application of additional proprietary analytics to the universe of investable companies. Their value, quality and outlook within their respective industries and the market are thoroughly assessed to establish managements opinion of the underlying value of the businesses. The Adviser define this as Intrinsic Value and compares a companys Intrinsic Value to its share prices in the market to determine its Relative Value.
The Adviser believe that equities with positive Relative Value offer the best risk/reward opportunity for investors. The focus of this second phase is geared towards identifying companies that not only received a high ESG Rating, but can also deliver better than average returns as indicated by Relative Value. At the conclusion of the second phase, the companies are ranked based on their ESG Rating and Relative Value to prioritize investment in companies that the Adviser believe offer the best combination for the Fund. The final portfolio will include approximately 75-125 securities. The portfolio is then monitored by the Adviser and the weightings are adjusted regularly with a focus on each companys ESG Rating and Relative Value. The Fund invests in securities of companies operating in a broad range of industries, and will not invest more than 25% of its assets in any single industry.
ECOZ Performance
Total returns for ECOZ (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 21.4% |
| 3 years (annualised) | 11.7% |
ECOZ Risk Information
Risk metrics for ECOZ, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 23.5%
ECOZ Costs and Fees
ECOZ costs about $58 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.58%
- Gross expense ratio: 0.58%
- Portfolio turnover: 4%
- Brokerage commissions: 0.13 bps of average net assets (SEC N-CEN)
ECOZ Cashflows
Over the 12 months to 2023-06, TrueShares ESG Active Opportunities ETF had net inflows of $5.53M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | $2.50M |
| 2023-05 | $688.53K |
| 2023-04 | $0 |
| 2023-03 | $685.77K |
| 2023-02 | $0 |
| 2023-01 | $799.42K |
ECOZ Debt Constituents
No individual debt constituents are reported in TrueShares ESG Active Opportunities ETF's latest SEC N-PORT filing.
ECOZ Prospectus and SEC Filings
Official TrueShares ESG Active Opportunities ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus (485BPOS) — filed 2022-04-29
- Prospectus (485BPOS) — filed 2021-04-29
- Portfolio holdings (N-PORT) — filed 2023-08-15
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Portfolio holdings (N-PORT) — filed 2023-02-27
- Annual census (N-CEN) — filed 2023-03-16
- Annual census (N-CEN) — filed 2022-03-15
Related Funds
Other Blend / Core Thematic Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.