ETF Evaluator:
TrueShares Quarterly Bear Hedge ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Nontraditional Bond Over the Last Year
| 7.1% | Simplify Kayne Anderson Ey&InfrasCrdtETF (KNRG) |
| 6.8% | WisdomTree Interest Rt Hdg Hi Yld Bd ETF (HYZD) |
| 6.3% | ProShares High Yield—Interest Rate Hdgd (HYHG) |
| 6.0% | FolioBeyond Alt Inc and Int Rt Hdg ETF (RISR) |
| 5.6% | NEOS Enhanced Income Credit Select ETF (HYBI) |
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Risk
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ETF Details
TrueShares Quarterly Bear Hedge ETF Overview
TrueShares Quarterly Bear Hedge ETF (QBER) is an actively managed Taxable Bond Nontraditional Bond exchange-traded fund (ETF). TrueShares launched the ETF in 2024.
The investment seeks substantial protection of principal with total return.
The fund is an actively managed ETF that aims to provide substantial protection of principal and generation of interest income while maintaining the potential to create positive returns in the event of a decline in U.S. equity markets. It seeks to achieve these goals by combining: (1) an investment of substantially all its assets in a portfolio of short-term income-generating debt securities with (2) a modest investment in put options on securities or indexes that are representative of U.S. large capitalization companies.
About TrueShares Quarterly Bear Hedge ETF (QBER)
There are 1 members of the management team with an average tenure of 2.09 years: Jeffrey Feldman (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. TrueShares Quarterly Bear Hedge ETF has 21 securities in its portfolio. The top 10 holdings constitute 99.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
TrueShares Quarterly Bear Hedge ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. TrueShares Quarterly Bear Hedge ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% 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 Quarterly Bear Hedge ETF has 100.0% of the portfolio in cash.
Assets Under Management
The fund has $72 million in total assets, which is below the $320 million average for the Nontraditional Bond 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.
QBER 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 Quarterly Bear Hedge ETF expense ratio is above average compared to funds in the Nontraditional Bond category. TrueShares Quarterly Bear Hedge ETF has an expense ratio of 0.79%, which is 41% lower than its category average, making the fund expense ratio grade a C. 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 Quarterly Bear Hedge ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 190% for the Nontraditional Bond category.
Recently, in the month of July 2026, TrueShares Quarterly Bear Hedge ETF returned 0.2%, which earned it a grade of B, as the Nontraditional Bond category had an average return of -0.4%. 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 Quarterly Bear Hedge ETF has a trailing yield of 3.28%, which is below the 6.67% category average.
The fund normally distributes its income annually and its capital gains 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 Quarterly Bear Hedge ETF Grades
Year to date, the ETF has returned 0.0%, 0.0 percentage points worse than the category, which translates into a grade of D. The fund has returned -0.2% over the past year (grade of F).
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QBER 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 |
|
| QBER Return (NAV) | 0.2% | 0.1% | -0.2% | na | na | na |
| QBER Return (Price) | 0.2% | 0.3% | -0.2% | na | na | na |
| NAV +/- Price Return | 0.048% | -0.125% | 0.008% | na | na | na |
| Nontraditional Bond Avg | -0.4% | -0.6% | 2.7% | 5.4% | 3.4% | 4.3% |
| QBER Grade (NAV) | B | D | F | na | na | na |
| +/- Category (NAV) | 0.6% | 0.7% | -2.9% | na | na | na |
| QBER Tax-Cost Ratio | na | na | 1.3% | na | na | na |
QBER Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QBER Return (NAV) | 0.0% | -0.3% | na | na | na | na | na | na | na | na | na |
| QBER Return (Price) | -0.5% | 0.3% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -13.947% | -1.918% | na | na | na | na | na | na | na | na | na |
| Nontraditional Bond Avg | 0.1% | 4.6% | 8.2% | 9.5% | -3.9% | 6.2% | 0.9% | 7.2% | -0.7% | 4.0% | 7.7% |
| QBER Grade (NAV) | D | F | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.0% | -4.9% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 3.3% |
| Total Assets: | $ 73 Mil |
| Share Class Assets: | $ 73 Mil |
| Turnover: | na |
| Expense Ratio: | 0.79% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 2.1 years | |||
| Average Tenure: 2.1 years | |||
| Managers (Year): Feldman Jeffrey (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 21 |
| % in Top 10 Holdings: | 99.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 100.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | TrueShares |
| Phone Number: | 877-524-9155 |
| Website: | |
| Inception Date: | June 28, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.79% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 1.34% |
