TrueShares Files ETF Reinvesting Autocallable Income Into Equity Calls

TrueShares has filed to launch the TrueShares Autocallable Catapult ETF, a passively managed fund combining exposure to its existing TrueShares Autocallable High Income ETF with long call options on U.S. large-cap equities. The strategy systematically reinvests 100% of the underlying ETF’s monthly distributions into at-the-money call options with approximately one-year maturities, staggering expirations across months. Proceeds from profitable options are reinvested in the underlying ETF, potentially increasing future distributions available for additional call purchases. The structure seeks to capture equity upside while limiting downside exposure, although options can expire worthless and losses remain possible. The underlying ETF uses a synthetic portfolio of autocallable notes to generate monthly income, with distributions potentially including substantial return of capital.