{
 "ticker": "DECZ",
 "name": "TrueShares Structured Outcome (December) ETF",
 "issuer": "TrueShares",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/decz",
 "html": "https://etfiq.com/funds/decz",
 "markdown": "https://etfiq.com/funds/decz.md",
 "as_of": "2026-10-19",
 "verdict": "Since Dec 1, 2025, DECZ returned 17.3%, against 13.3% for SPX. It can fall 12.2% before its buffer.",
 "key_facts": [
  {
   "key": "can_still_gain_from_today_s_fund_price",
   "label": "Can still gain from today\u2019s fund price",
   "value": "uncapped",
   "source": null,
   "as_of": "2026-10-19",
   "sentence": "DECZ, can still gain from today\u2019s fund price: uncapped, as of Oct 19, 2026.",
   "cite": {
    "value": "uncapped",
    "as_of": "2026-10-19",
    "source": null,
    "url": "https://etfiq.com/funds/decz#fact-can-still-gain-from-today-s-fund-price",
    "text": "DECZ, can still gain from today\u2019s fund price: uncapped, as of Oct 19, 2026."
   }
  },
  {
   "key": "fall_before_the_buffer_from_today_s_fund_price",
   "label": "Fall before the buffer from today\u2019s fund price",
   "value": "12.2%",
   "source": null,
   "as_of": "2026-10-19",
   "sentence": "DECZ, fall before the buffer from today\u2019s fund price: 12.2%, as of Oct 19, 2026.",
   "cite": {
    "value": "12.2%",
    "as_of": "2026-10-19",
    "source": null,
    "url": "https://etfiq.com/funds/decz#fact-fall-before-the-buffer-from-today-s-fund-price",
    "text": "DECZ, fall before the buffer from today\u2019s fund price: 12.2%, as of Oct 19, 2026."
   }
  },
  {
   "key": "protection_left_index_points",
   "label": "Protection left, index points",
   "value": "10.0%",
   "source": null,
   "as_of": "2026-10-19",
   "sentence": "DECZ, protection left, index points: 10.0%, as of Oct 19, 2026.",
   "cite": {
    "value": "10.0%",
    "as_of": "2026-10-19",
    "source": null,
    "url": "https://etfiq.com/funds/decz#fact-protection-left-index-points",
    "text": "DECZ, protection left, index points: 10.0%, as of Oct 19, 2026."
   }
  },
  {
   "key": "days_to_reset",
   "label": "Days to reset",
   "value": "42",
   "source": null,
   "as_of": "2026-10-19",
   "sentence": "DECZ, days to reset: 42, as of Oct 19, 2026.",
   "cite": {
    "value": "42",
    "as_of": "2026-10-19",
    "source": null,
    "url": "https://etfiq.com/funds/decz#fact-days-to-reset",
    "text": "DECZ, days to reset: 42, as of Oct 19, 2026."
   }
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$37m",
   "source": "issuer page, as of Oct 19, 2026",
   "as_of": "2026-10-19",
   "sentence": "DECZ, net assets: $37m (issuer page, as of Oct 19, 2026).",
   "cite": {
    "value": "$37m",
    "as_of": "2026-10-19",
    "source": "issuer page, as of Oct 19, 2026",
    "url": "https://etfiq.com/funds/decz#fact-net-assets",
    "text": "DECZ, net assets: $37m (issuer page, as of Oct 19, 2026)."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.79%",
   "source": "issuer data, Oct 19, 2026",
   "as_of": "2026-10-19",
   "sentence": "DECZ, expense ratio: 0.79% (issuer data, Oct 19, 2026).",
   "cite": {
    "value": "0.79%",
    "as_of": "2026-10-19",
    "source": "issuer data, Oct 19, 2026",
    "url": "https://etfiq.com/funds/decz#fact-expense-ratio",
    "text": "DECZ, expense ratio: 0.79% (issuer data, Oct 19, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "reference_index",
   "label": "Reference index",
   "value": "SPX",
   "source": null
  },
  {
   "key": "spx_level_the_buffer_and_cap_were_set_from",
   "label": "SPX level the buffer and cap were set from",
   "value": "6,849.09",
   "source": null
  },
  {
   "key": "buffer",
   "label": "Buffer",
   "value": "10%",
   "source": null
  },
  {
   "key": "outcome_period",
   "label": "Outcome period",
   "value": "Dec 1, 2025 to Nov 30, 2026",
   "source": null
  },
  {
   "key": "starting_cap",
   "label": "Starting cap",
   "value": "uncapped",
   "source": null
  },
  {
   "key": "estimated_upside_participation",
   "label": "Estimated upside participation",
   "value": "81.0% to 83.0%",
   "source": null
  },
  {
   "key": "spx_return_from_the_strike_level",
   "label": "SPX return from the strike level",
   "value": "+13.3%",
   "source": null
  },
  {
   "key": "fund_return_since_period_start",
   "label": "Fund return since period start",
   "value": "+17.3%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$37m",
   "source": "issuer page, as of Oct 19, 2026"
  },
  {
   "key": "band_state_today",
   "label": "Band state today",
   "value": "Uncapped",
   "source": "ETFIQ"
  },
  {
   "key": "can_still_gain",
   "label": "Can still gain",
   "value": "uncapped",
   "source": "issuer, fund price"
  },
  {
   "key": "fall_before_buffer",
   "label": "Fall before buffer",
   "value": "12.2%",
   "source": "issuer, fund price"
  },
  {
   "key": "fall_to_the_buffer_in_index_terms",
   "label": "Fall to the buffer in index terms",
   "value": "11.8%",
   "source": "ETFIQ"
  },
  {
   "key": "protection_left_in_index_points",
   "label": "Protection left in index points",
   "value": "10.0% of 10.0%",
   "source": "ETFIQ"
  },
  {
   "key": "days_left_in_period",
   "label": "Days left in period",
   "value": "42",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.79%",
   "source": "issuer data, Oct 19, 2026"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "+0.6%",
   "SPX price return": "+1.0%",
   "Gap to SPX": "\u22120.4 pts"
  },
  {
   "window": "3 months",
   "Total return": "+1.9%",
   "SPX price return": "+2.8%",
   "Gap to SPX": "\u22120.9 pts"
  },
  {
   "window": "6 months",
   "Total return": "+6.9%",
   "SPX price return": "+9.2%",
   "Gap to SPX": "\u22122.3 pts"
  },
  {
   "window": "Year to date",
   "Total return": "+9.4%",
   "SPX price return": "+12.8%",
   "Gap to SPX": "\u22123.3 pts"
  },
  {
   "window": "1 year",
   "Total return": "+10.9%",
   "SPX price return": "+14.6%",
   "Gap to SPX": "\u22123.7 pts"
  },
  {
   "window": "3 years",
   "Total return": "+59.8%",
   "SPX price return": "+82.6%",
   "Gap to SPX": "\u221222.8 pts"
  },
  {
   "window": "5 years",
   "Total return": "+62.8%",
   "SPX price return": "+69.5%",
   "Gap to SPX": "\u22126.7 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+92.3%",
   "SPX price return": "+110.1%",
   "Gap to SPX": "\u221217.8 pts"
  },
  {
   "window": "Since launch, annualised",
   "Total return": "+11.7%",
   "SPX price return": "\u2013",
   "Gap to SPX": "\u2013"
  }
 ],
 "questions": [
  {
   "q": "Does DECZ have a cap?",
   "a": "No. DECZ takes a share of any further rise in SPX, so there is no ceiling on the upside this period."
  },
  {
   "q": "How far can DECZ fall before the buffer helps?",
   "a": "12.2% in fund-price terms on Oct 19, 2026, by the issuer's figure. In index terms SPX can fall 11.8% from that level before the buffer begins. Losses until that point are the holder's."
  },
  {
   "q": "How much of the DECZ buffer is left?",
   "a": "10.0% of the 10.0% buffer sat below the SPX level on Oct 19, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer."
  },
  {
   "q": "When does DECZ reset?",
   "a": "The outcome period ends on Nov 30, 2026, 42 days from the data on Oct 19, 2026. New terms are set the next day and the buffer starts again."
  },
  {
   "q": "What does DECZ cost?",
   "a": "The prospectus expense ratio is 0.79% a year."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "52-week high, daily closes to Oct 19, 2026",
   "value": "$44.64 on Oct 6, 2026",
   "as_of": "2026-10-06",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 44.6365,
   "window": {
    "from": "2025-10-20",
    "to": "2026-10-19"
   }
  },
  {
   "key": "low52",
   "label": "52-week low, daily closes to Oct 19, 2026",
   "value": "$38.05 on Mar 30, 2026",
   "as_of": "2026-03-30",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 38.0535,
   "window": {
    "from": "2025-10-20",
    "to": "2026-10-19"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 19, 2026, within that range",
   "value": "$43.99, 90% of the way from the low to the high",
   "as_of": "2026-10-19",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 43.9913
  }
 ],
 "generated": "2026-10-21",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, DECZ, buffer ETFs, data as of Oct 19, 2026. https://etfiq.com/funds/decz"
}