TrueMark Investments today announced enhancements to FLDZ, now the TrueShares Patriot Defense ETF, providing investors access to companies across the defense and aerospace ecosystem while continuing its distinctive commitment to supporting the mission of the Folds of Honor Foundation by donating the entirety of the fund’s management fee, less operating expenses to the cause. The fund continues to trade under ticker FLDZ.
The TrueShares Patriot Defense ETF seeks capital growth through investing in companies included in the Global Industry Classification Standard (GICS) Aerospace & Defense sector. The strategy invests primarily in defense-related companies, including manufacturers of civil and military aerospace equipment, defense electronics, and space-related technologies.
FLDZ combines exposure to long-term defense modernization trends with a meaningful impact component. After fund operating expenses, the entirety of the fund’s management fee is used to support the mission of Folds of Honor, a nonprofit organization that provides educational scholarships to the families of America’s fallen or disabled military service members and first responders.
“As defense spending, aerospace innovation, artificial intelligence, and next-generation security technologies continue to evolve, we believe investors are seeking more focused ways to access these long-term structural trends,” said Mike Loukas, CEO for TrueMark Investments. “FLDZ provides exposure across the defense value chain while maintaining a powerful connection to a mission that resonates with many investors.”
The portfolio is managed by Andy Lyons, CFA and Ben Reidy, CFA, who bring more than three decades of combined investment management experience across portfolio construction, quantitative analysis, and institutional investing.
FLDZ invests in companies operating across traditional defense contracting, aerospace manufacturing, defense technologies, space infrastructure, and emerging innovation themes that are shaping the future of national security and defense modernization. The strategy may serve as a targeted allocation for investors seeking specialized exposure to defense and aerospace while complementing broader equity portfolios.
The fund reflects TrueMark’s continued commitment to delivering differentiated ETF solutions that combine specialized market exposure with investor-centric outcomes. As an affiliate of RiverNorth Capital, TrueMark benefits from the support and resources of an established asset management platform while maintaining its focus on innovative ETF strategies.
About TrueMark Investments
At TrueMark, we serve investors with unique portfolio solutions in an ETF structure that deliver true exposure to a variety of asset classes, strategies, and industries. With over $1.7 billion in assets under management as of July 2026, our suite of internally managed and sub-advised ETFs pairs specialized investment expertise with industry knowledge to power investment management decisions. For more information on the firm’s full lineup of TrueShares ETFs, please visit https://www.true-shares.com.
Before investing, carefully consider the TrueShares ETFs investment objectives, risks, charges and expenses. Specific information about TrueShares is contained in the prospectus and a summary prospectus, copies of which may be obtained by visiting www.true-shares.com. Read the prospectus carefully before you invest. The fund is distributed by Paralel Distributors LLC, Member FINRA. Paralel is not affiliated with TrueMark Investments.
The Fund changed its name from River North Patriot ETF (FLDZ) to TrueShares Patriot Defense ETF (FLDZ) on July 9, 2026. The fund will continue to trade under Ticker (FLDZ). Effective July 9, 2026, the Fund changed its principal investment strategy. Accordingly, the Fund’s performance prior to July 9, 2026 was achieved under investment policies and strategies that differ from those currently in effect. Please review the fund’s prospectus to view the current Investment strategy. Effective 05/15/2026, Joe Bailey is no longer the portfolio manager of FLDZ. Effective 07/09/2026, Patrick Galley is no longer the portfolio manager of FLDZ. Andy Lyons and Ben Reidy are now Portfolio Managers.
An investment in TrueShares is subject to numerous risks, including possible loss of principal. The ETFs are subject to the following principal risks: Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk associated with ETFs; Equity Market Risk; Management Risk; Market Capitalization Risk (Large Cap; Mid Cap, Small Cap Stock); Market Risk; New Fund Risk: The Fund is a recently organized, non-diversified management investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. Additionally, the Adviser has not previously managed a registered fund, which may increase the risks of investing in the Fund.
Individual investors should contact their financial advisor or broker dealer representative for more information on TrueShares ETFs.
Investment Products and Services are: NOT FDIC INSURED / MAY LOSE VALUE / NO BANK GUARANTEE.
All registered investment companies, including TrueShares, are obliged to distribute portfolio gains to shareholders at year-end regardless of performance. Trading in TrueShares ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer.
TrueShares ETFs are bought and sold through exchange trading at market price, not Net Asset Value (NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
ETF shares may be bought or sold throughout the day at their market price, not their NAV, on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market.
ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF’s NAV. Brokerage commissions and ETF expenses will reduce returns.
TrueShares ETFs are registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940.
TrueMark Investments, LLC is the investment advisor to the Funds and receives a fee from the Funds for its services.
TrueShares ETFs are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this website should be considered a solicitation to buy nor an offer to sell shares of any fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
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