ETF Evaluator:
TrueShares Tech, AI and Deep Lrng ETF ()
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(as of Aug 26)
Best Performing in Technology Over the Last Year
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ETF Details
TrueShares Tech, AI and Deep Lrng ETF Overview
TrueShares Tech, AI and Deep Lrng ETF (LRNZ) is an actively managed Sector Equity Technology exchange-traded fund (ETF). TrueShares launched the ETF in 2020.
The investment seeks total return.
Under normal circumstances, at least 80% of its net assets (plus any borrowings made for investment purposes) in the common stock of technology, artificial intelligence and deep learning companies. It may also invest in small and medium capitalized companies, as the Adviser believes these relatively smaller companies may provide above average capital appreciation and dividend yield. The fund is non-diversified.
About TrueShares Tech, AI and Deep Lrng ETF (LRNZ)
There are 1 members of the management team with an average tenure of 6.07 years: Sangbum Kim (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: NASDAQ Composite TR USD index with a weighting of 100%. TrueShares Tech, AI and Deep Lrng ETF has 27 securities in its portfolio. The top 10 holdings constitute 51.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
TrueShares Tech, AI and Deep Lrng ETF is part of the Equity global asset class and is within the Sector Equity ETF group. TrueShares Tech, AI and Deep Lrng ETF has 2.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.6% There is 2.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). TrueShares Tech, AI and Deep Lrng ETF has 1.1% of the portfolio in cash.
Assets Under Management
The fund has $38 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LRNZ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The TrueShares Tech, AI and Deep Lrng ETF expense ratio is above average compared to funds in the Technology category. TrueShares Tech, AI and Deep Lrng ETF has an expense ratio of 0.69%, which is 28% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. TrueShares Tech, AI and Deep Lrng ETF has a portfolio turnover rate of 28%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 39% for the Technology category.
Recently, in the month of July 2026, TrueShares Tech, AI and Deep Lrng ETF returned -8.3%, which earned it a grade of C, as the Technology category had an average return of -9.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
TrueShares Tech, AI and Deep Lrng ETF has a trailing yield of 0.00%, which is below the 0.45% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
TrueShares Tech, AI and Deep Lrng ETF Grades
Year to date, the ETF has returned 24.1%, 2.7 percentage points better than the category, which translates into a grade of C. The fund has returned 33.0% over the past year (grade of B), 20.9% over the past three years (grade of C) and 5.5% per year over the past five years (grade of D).
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LRNZ Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LRNZ Return (NAV) | -8.3% | 30.4% | 33.0% | 20.9% | 5.5% | na |
| LRNZ Return (Price) | -8.2% | 30.8% | 33.4% | 20.9% | 5.6% | na |
| NAV +/- Price Return | -0.151% | -0.364% | -0.393% | -0.055% | -0.072% | na |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| LRNZ Grade (NAV) | C | A | B | C | D | na |
| +/- Category (NAV) | 1.5% | 23.1% | -0.6% | -1.5% | -5.0% | na |
| LRNZ Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | na |
LRNZ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LRNZ Return (NAV) | 24.1% | 22.2% | 2.0% | 67.1% | -51.4% | -0.9% | na | na | na | na | na |
| LRNZ Return (Price) | 24.3% | 22.3% | 2.0% | 67.1% | -51.5% | -1.0% | na | na | na | na | na |
| NAV +/- Price Ret | 0.011% | 0.002% | 0.015% | 0.001% | 0.001% | 0.069% | na | na | na | na | na |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| LRNZ Grade (NAV) | C | C | F | A | F | F | na | na | na | na | na |
| +/- Category | 2.7% | -1.0% | -17.9% | 23.3% | -15.7% | -17.6% | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.82 |
| R-Squared: | 45% |
| Standard Deviation: | 34.2% |
| Category Risk Index: | 1.29 |
| Category Risk Rating: | High |
| Total Risk Index: | 2.79 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 38 Mil |
| Share Class Assets: | $ 38 Mil |
| Turnover: | 28.0% |
| Expense Ratio: | 0.69% |
| Index Fund: | No |
| Index Tracked: | NASDAQ Composite TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 6.1 years | |||
| Average Tenure: 6.1 years | |||
| Managers (Year): Kim Sangbum (2020) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 27 |
| % in Top 10 Holdings: | 51.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.3% |
Portfolio Allocation |
|
| Domestic Stock: | 96.6% |
| Foreign Stock: | 2.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | TrueShares |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | February 28, 2020 |
Expenses and Fees
| Expense Ratio (%): | 0.69% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.54% |
