Elevation Series Trust - TrueShares S&P Autocallable High Income ETF
PAYH
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- David Nicholas
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 402 W. Broadway, Suite 400 San Diego CA United States of America 92101
- IPO Date
- Dec 31, 2025
- CIK
- 0001936157
- Website
- true-shares.com
- Similar Companies
- Business
- Elevation Series Trust - TrueShares S&P Autocallable High Income ETF (PAYH) is an exchange-traded fund that seeks to generate high monthly income through an autocallable strategy linked to the S&P 500 Index. The ETF offers exposure to potential capital appreciation and principal protection under specific conditions, employing structured notes that provide predefined coupon payments if the reference index meets or exceeds autocall triggers on observation dates; it may return principal at maturity if not autocalled earlier. PAYH targets income-focused investors seeking yields above traditional fixed-income products, operating within the structured ETF segment of the U.S. financial markets. The fund distributes income primarily through European-style autocallable notes issued by financial institutions, with coupons ranging from 10-20% annualized based on recent launches, paid monthly; it includes buffer protection against moderate S&P 500 declines but carries full downside risk beyond the buffer. TrueShares, as the investment adviser, manages the portfolio with a focus on S&P 500-linked strategies, complemented by similar ETFs like AUTB and CALL in the Elevation Series Trust family. Geographically, the fund operates exclusively in the United States, listed on the NYSE Arca exchange. Elevation Series Trust, headquartered in Richmond, Virginia, and established in 2022, serves as the registrant for a suite of actively managed and structured ETFs. In late 2024, TrueShares announced the launch of PAYH, expanding its high-income autocallable series amid rising demand for yield in a volatile equity market; this followed a strategic partnership with S&P Dow Jones Indices to license proprietary autocall strategies. No major acquisitions or reorganizations have occurred recently, though the trust continues to introduce variant products targeting retail and institutional investors in derivatives-based income solutions.