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PAYM ETF — TrueShares S&P Autocallable Defensive Income ETF
TrueShares S&P Autocallable Defensive Income ETF (PAYM)
Updated October 16, 2026.
Verdict as of October 16, 2026
PAYM's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (76/100, medium confidence). It pays monthly and its distribution rate is 10.15%. The latest total cash payment per current share, $0.21 with an ex-date of October 1, 2026, was 1.4% lower than the previous $0.213. These payments are unclassified; this does not establish a base-dividend change.
Sources: TrueShares, Section 19a-1 notices, scoring methodology.
PAYM is an ETF. its distribution rate is 10.15%, its trailing-12-month yield is 7.40%, its expense ratio is 0.74%. Dividend Vision Distribution Safety Score™ is 76/100 (Generally safe). Total return is 8.6% over the past 0.8 years, 3.4 points behind SPY at 12.0%.
PAYM dividend yield and income
Price as of 2026-10-16.
The distribution rate (10.15%) uses calculation basis unavailable. Trailing-12-month yield (7.40%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.213. The ex-dividend date is 10/01/2026. The payment date is 10/02/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-10-01 | $0.21 | -1.4% Unclassified cash |
| 2026-09-01 | $0.213 | 3.9% Unclassified cash |
| 2026-07-31 | $0.205 | -1.0% Unclassified cash |
| 2026-06-30 | $0.207 | -2.8% Unclassified cash |
| 2026-05-29 | $0.213 | 0.9% Unclassified cash |
| 2026-04-30 | $0.211 | 12.8% Unclassified cash |
| 2026-03-31 | $0.187 | -9.2% Unclassified cash |
| 2026-02-27 | $0.206 | -1.9% Unclassified cash |
| 2026-01-30 | $0.21 | — |
| 2026 YTD total | $1.862 | — |
PAYM holdings and sector exposure
Holdings are not available for this snapshot.
PAYM performance versus SPY
Price and return data through 2026-10-16.
Total return is 8.6% over the past 0.8 years, 3.4 points behind SPY at 12.0%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 1.6% | — |
| 3M | 0.8% | — |
| 6M | 4.9% | — |
| YTD | 8.9% | — |
| Since inception (0.8 years) | 8.6% | — |
PAYM key facts
- Distribution Safety Score™
- 76 · Generally safe
- Safety-Adjusted Yield
- 7.71%
- Issuer
- TrueShares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 12/29/2025
- Expense ratio
- 0.74%
- Distribution rate
- 10.15%
- Distribution frequency
- Monthly
- Trailing yield
- 7.40%
- Last close
- $25.17 (as of 2026-10-16)
- AUM
- $164,153,743
- Average volume
- 32204.0
- Dividend
- $0.213
- Ex-dividend date
- 10/01/2026
- Payment date
- 10/02/2026
How Dividend Vision calculates yield and returns
Distribution rate (10.15%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (7.40%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: TrueShares; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
PAYM risks and drawbacks
Total return has trailed SPY over the available window.
Who may consider PAYM — and who may not
It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on PAYM
Compare PAYM
PAYM vs similar funds:
Frequently asked questions
Does PAYM pay monthly?
Yes. PAYM currently pays monthly.
What is PAYM's expense ratio?
PAYM's expense ratio is 0.74%.
What is PAYM's dividend yield?
PAYM's distribution rate is 10.15%, paid monthly, with a 0.74% expense ratio — calculation basis unavailable.
When does PAYM pay a dividend?
PAYM pays monthly. The dividend amount is $0.213. The ex-dividend date is 10/01/2026. The payment date is 10/02/2026.
How has PAYM performed?
Total return is 8.6% over the past 0.8 years, 3.4 points behind SPY at 12.0%.
Is PAYM a good investment?
PAYM's Dividend Vision Distribution Safety Score is 76 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 10.15% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
More securities from TrueShares.
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Holdings as-of date unavailable.
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