Price Chart
Key Statistics
Previous Close
$25.22Day Range
52-Week Range
Avg Volume
30.5KDividend Yield
1.71%Expense Ratio
0.74%AUM
$142.8MShares Outstanding
9.5METF Grades
?ETF Grades compare this fund against others in the same category using percentile rankings across six factors. Grades range from A+ (top 5%) to F (bottom 20%). Updated daily.Country Allocation
| Country | Weight % |
|---|---|
| Other | 100.00% |
Fund Information
- Issuer
- TrueShares
- Inception Date
- Dec 29, 2025
- Exchange
- BATS
- Description
- PAYM aims to provide moderate monthly income with some downside protection, however, investors face loss of principal if the equity index falls sharply. PAYM aims to provide a lower-volatility equity strategy as compared to its sister product, PAYH. The strategy is designed to smooth returns and manage risk in changing market conditions. The ETF is actively managed, aiming to provide exposure to an autocallable index that tracks a portfolio of synthetic autocallable notes linked to a custom volatility index. The fund gains exposure to autocallable notes through total return swaps, rather than by directly holding the autocallables. Swap exposure is rebalanced or rolled weekly. Exposure to S&P 500 futures may be adjusted up to seven times daily, increasing exposure in calm markets and reducing it during volatility to stabilize risk and potentially reduce drawdowns. The fund may invest up to 25% of its assets in a Cayman Islands subsidiary for derivatives exposure.
The TrueShares S&P Autocallable Defensive Income ETF (PAYM) is an exchange-traded fund issued by TrueShares that launched on Dec 29, 2025. It currently manages $142.8M in assets under management. The fund charges an expense ratio of 0.74%. The fund holds 20 securities in its portfolio.
Top 10 holdings represent 294.8% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | RECV TACTICAL PUT PARTICIPATION MODERATE INDEX | 100.64% | 1,392,878 | $145.9M |
| 2 | — | RECV US LARGE CAP MODERATE INCOME AUTOCALLABLE | 99.33% | 506,206 | $144.0M |
| 3 | — | TREASURY BILL B 09/17/26 | 46.35% | 67,250,000 | $67.2M |
| 4 | — | TREASURY BILL B 10/27/26 | 46.16% | 67,250,000 | $66.9M |
| 5 | — | STATE STREET INST U.S. GOVERNMENT MMKT ADMN CLASS | 1.24% | 1,795,638 | $1.8M |
| 6 | — | SPY 12/31/26 P735.00 Euro Cash Flex | 0.93% | 848 | $1.4M |
| 7 | — | BROKER SWEEP | 0.06% | 93,694 | $94K |
| 8 | — | SPY 12/31/26 P730.00 Euro Cash Flex | 0.04% | 39 | $58K |
| 9 | — | SPY 12/31/26 P725.00 Euro Cash Flex | 0.02% | 20 | $28K |
| 10 | — | SPY 12/31/26 P740.00 Euro Cash Flex | 0.01% | 10 | $17K |
| 11 | — | SPY 12/31/26 P737.52 Euro Cash Flex | 0.01% | 5 | $8K |
| 12 | — | SPY 12/31/26 P727.78 Euro Cash Flex | 0.00% | 5 | $7K |
| 13 | — | SPY 11/20/26 P730.88 Euro Cash Flex | 0.00% | 1 | $1K |
| 14 | — | SPY 12/31/26 P651.17 Euro Cash Flex | -0.00% | -5 | $-2745 |
| 15 | — | SPY 12/31/26 P659.89 Euro Cash Flex | -0.00% | -5 | $-3036 |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | +0.00% | |
| 1W | -2.27% | |
| 1M | -2.60% | |
| 3M | -2.34% | |
| 6M | +5.35% | |
| YTD | +0.20% | |
| 1Y | +0.14% | |
| 3Y | +0.14% | |
| 5Y | +0.14% |
Moving Averages
$25.50
Below 20-Day MA$25.44
Below 50-Day MA$25.02
Above 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$26.04
Current Price
$25.22
52-Week Low
$21.95
Current Yield
1.71%
Annual Dividend
$0.8170
Frequency
Monthlyx/year
Last Ex-Date
May 29, 2026
Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| May 29, 2026 | $0.2130 | Jun 1, 2026 |
| Apr 30, 2026 | $0.2110 | May 1, 2026 |
| Mar 31, 2026 | $0.1870 | Apr 1, 2026 |
| Feb 27, 2026 | $0.2060 | Mar 2, 2026 |
| Feb 27, 2026 | $0.2056 | Mar 2, 2026 |
| Jan 30, 2026 | $0.2100 | Feb 2, 2026 |
| Jan 30, 2026 | $0.2099 | Feb 2, 2026 |
Dividend Payments Over Time
Category Comparison
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