LRNZ
TrueShares Technology, AI & Deep Learning ETF
LRNZ is actively managed and invests in global equities focused on artificial intelligence and deep learning.
Global
EQUITY
Active
MANAGEMENT STYLE
34.6 M
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Fund sponsor | TrueMark Investments, LLC |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 28, 2020 |
| Assets (mns) | $35 |
| Expense ratio | 69 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 10.4 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 9.3 % |
| SAMSARA, INC. CLASS A | 7.9 % |
| CLOUDFLARE INC CLASS A | 7.5 % |
| SNOWFLAKE, INC. CLASS A | 6.0 % |
| ELASTIC NV | 5.9 % |
| AMAZON.COM INC | 5.5 % |
| DATADOG INC CLASS A | 5.5 % |
| ADVANCED MICRO DEVICES | 4.5 % |
| SPRINT CORP. | 4.2 % |
Constituent Breakdown
| Number of holdings | 20 |
| Herfindahl-Hirschman Index | 588 |
| Wgt avg mkt cap (mns) | $216,235 |
| Large cap (>$10bn) | 93.6% |
| Mid cap ($2-10bn) | 2.2% |
| Small cap (<$2bn) | 4.2% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 89.0 % |
 |
DENMARK | 3.6 % |
 |
CANADA | 1.0 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.6% | 32.6% | 34.8% | -4.5% | -- | -- | 14.7% | Volatility | 26.7% | 26.9% | 32.1% | 40.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.19 | 39% |
| MSCI EAFE | 0.74 | 15% |
| MSCI Emg Mkts | 0.74 | 15% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $51,255 |
Technical Indicators
| Recent close | $39.73 |
| 30d moving avg. | $42.07 |
| Annualized volatility | 33.5% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. LRNZ |
Expenses vs. LRNZ |
ALTAR Score™ vs. LRNZ |
|---|---|---|---|---|
| SPRX | Spear Alpha ETF | 37.1% | +6 bp | +0.8% |
| BFTHX | Baron Fifth Avenue Growth Retail | 35.3% | +6 bp | +2.2% |
| BGAIX | Baron Global Advantage | 29.9% | +6 bp | +1.1% |
| ARTY | iShares Future AI & Tech ETF | 29.2% | -22 bp | +4.6% |
| NBDS | Neuberger Berman Disrupters ETF | 28.9% | -14 bp | +2.3% |
| WUGI | AXS Esoterica NextG Economy ETF | 27.4% | +6 bp | +3.2% |
| AOTG | AOT Growth and Innovation ETF | 26.1% | +6 bp | +4.0% |
| BIOPX | Baron Opportunity Retail | 26.0% | +6 bp | +1.7% |
| MVPS | Amplify Thematic All-Stars ETF | 24.7% | -20 bp | +3.6% |
| WCBR | WisdomTree Cybersecurity Fund | 24.6% | -24 bp | +2.6% |
Risk and Returns: LRNZ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
LRNZ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
LRNZ
-0.7%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. LRNZ's ALTAR Score™ is approximately
1.0 standard deviations
below
the category average. This places LRNZ in the 15th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LRNZSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| LRNZ (69 bp) Percentile rank | 46 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| LRNZ | 69.0 | 12.9 | 81.9 |
| Peer Avg. | 74.2 | 38.8 | 113.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .