MAYZ Fees and Costs — TrueShares Structured Outcome (May) ETF
Data updated: 2026-08-27
The net expense ratio is 0.79%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0243% of average net assets, and portfolio turnover was 0%.
MAYZ Fees and Expenses
Annual operating expenses and sales charges of MAYZ. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MAYZ Costs Over Time
On $10,000 invested in MAYZ, assuming 5% a year before costs, total costs come to $511 over 5 years, cutting the return by 0.86% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.79%) | $83 | $259 | $451 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $280 | $511 |
| Value after costs | $10,414 | $11,296 | $12,252 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
MAYZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0243%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $39.0M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
MAYZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $3K | 100.00% |
MAYZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $39.0M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.