What is the expense ratio of PAYM?

TrueShares S&P Autocallable Defensive Income ETF (PAYM) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations.

What is PAYM's dividend yield?

PAYM's trailing-twelve-month yield is 7.33%, calculated from the sum of dividends over the past year divided by the current price.

TrueShares S&P Autocallable Defensive Income ETF (PAYM) manages $165.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is PAYM actively managed or an index fund?

PAYM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PAYM launched?

TrueShares S&P Autocallable Defensive Income ETF (PAYM) launched in December 2025 and is managed by TrueShares.

PAYM

TrueShares S&P Autocallable Defensive Income ETF

CBOE·Asset Management · Financial Services

$25.40$0.15+0.59%

After hours·$25.26−0.55%

Market closed·Oct 27 3:59 PM EDT

Price Chart

$25.40+$0.15 (+0.59%)today

+1.76%

Select date range

FromTo

Dec 30, 2025Dec 30, 2025 → Oct 28, 2026· 10 moOct 28, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$2.52

Distribution Yield (FWD)9.92%

Annual Distribution (TTM)$1.86

Distribution Yield (TTM)7.33%

Distribution Growth (5Y)—

FrequencyMonthly

Most Recent$0.21

Ex-Dividend DateOct 1

Payment DateOct 2

Cost & RiskExpenses Tab

Expense Ratio0.74%

Cost per 10k Invested$74.00

AUM$165.35M

Avg Daily Volume42.64K

Price$25.40

NAV$25.24

Premium / Discount+0.63%

52-Week Range$21.80 – $26.24

Beta1.38

Fund Overview

The Fund seeks to generate moderate monthly income while reducing downside risk. The Fund mainly invests at least 80% of its total net assets in U.S. Treasuries, cash and cash equivalents, and unfunded that provide exposure to a synthetic portfolio of autocallable notes included in the Autocallable Index (the "Index").

Cost Verdict

Is PAYM's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: TrueShares
Asset Class: Alternatives
Strategy: —
Inception: December 29, 2025
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US2103225742
CUSIP: 210322574
Website: www.true-shares.com/etf/paym

Latest News

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Frequently Asked Questions About PAYM

What does PAYM invest in?: The Fund seeks to generate moderate monthly income while reducing downside risk. The Fund mainly invests at least 80% of its total net assets in U.S. Treasuries, cash and cash equivalents, and unfunded that provide exposure to a synthetic portfolio of autocallable notes included in the Autocallable Index (the "Index").
What is the expense ratio of PAYM?: TrueShares S&P Autocallable Defensive Income ETF (PAYM) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations.
What is PAYM's dividend yield?: PAYM's trailing-twelve-month yield is 7.33%, calculated from the sum of dividends over the past year divided by the current price.
How big is PAYM?: TrueShares S&P Autocallable Defensive Income ETF (PAYM) manages $165.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
Is PAYM actively managed or an index fund?: PAYM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
When was PAYM launched?: TrueShares S&P Autocallable Defensive Income ETF (PAYM) launched in December 2025 and is managed by TrueShares.