PAYM
Elevation Series Trust - TrueShares S&P Autocallable Defensive Income ETFTrueShares$25.23-0.20 (-0.77%)Price Chart
Key Statistics
Previous Close
$25.43Day Range
52-Week Range
Avg Volume
14.9KDividend Yield
1.71%Expense Ratio
0.74%AUM
$100.0MShares 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 Elevation Series Trust - 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 $100.0M in assets under management. The fund charges an expense ratio of 0.74%. The fund holds 7 securities in its portfolio.
Top 10 holdings represent 100.0% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | RECV US LARGE CAP MODERATE INCOME AUTOCALLABLE | 20.80% | 366,148 | $101.0M |
| 2 | — | PAYB US LARGE CAP MOD INC AC SOFR+10BPS | 19.78% | -96,054,015 | $-96054015 |
| 3 | — | PAYB TACTICAL PUT PARTICIPATION MOD INDEX 10BPS | 19.73% | -95,819,545 | $-95819545 |
| 4 | — | RECV TACTICAL PUT PARTICIPATION MODERATE INDEX | 19.73% | 912,148 | $95.8M |
| 5 | — | TREASURY BILL B 06/16/26 | 9.96% | 48,620,000 | $48.4M |
| 6 | — | TREASURY BILL B 09/17/26 | 9.87% | 48,620,000 | $47.9M |
| 7 | — | STATE STREET INST U.S. GOVERNMENT MMKT ADMN CLASS | 0.11% | 536,451 | $536K |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | -0.77% | |
| 1W | -1.02% | |
| 1M | +11.15% | |
| 3M | +0.52% | |
| 6M | +1.07% | |
| YTD | +1.12% | |
| 1Y | +1.07% | |
| 3Y | +1.07% | |
| 5Y | +1.07% |
Moving Averages
$24.25
Above 20-Day MA$24.23
Above 50-Day MA$24.51
Above 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$25.86
Current Price
$25.23
52-Week Low
$21.95
Current Yield
1.71%
Annual Dividend
$0.4155
Frequency
12x/year
Last Ex-Date
Feb 27, 2026
Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.2056 | Mar 2, 2026 |
| Jan 30, 2026 | $0.2099 | Feb 2, 2026 |
Dividend Payments Over Time
Category Comparison
No category data available for comparison.
Compare with Another ETF
Search for an ETF to compare with PAYM:
The Beginner's Guide to ETFs
20 pages. Zero fluff. Everything you need to start investing in ETFs.
No spam. Unsubscribe anytime.