PVEX ETF — TrueShares ConVex Protect ETF

TrueShares ConVex Protect ETF (PVEX)

PVEX is an ETF. its trailing-12-month yield is 0.17%, its expense ratio is 0.82%. Total return is 23.2% over the past 1.3 years, 1.9 points behind SPY at 25.1%.

TrueShares ConVex Protect ETF is an actively managed ETF that combines partial exposure to U.S. large-cap equities with downside protection strategies designed to mitigate losses during market declines. The fund has a very modest current distribution rate, carries an expense ratio of 0.82%, and does not maintain a regular distribution schedule; its latest distribution was special and may not recur. This ETF may appeal to investors seeking equity market participation with reduced volatility exposure, though its non-diversified structure and active management approach warrant careful consideration of individual circumstances.

PVEX performance versus SPY

Price and return data through 2026-09-30.

Total return is 23.2% over the past 1.3 years, 1.9 points behind SPY at 25.1%. Its deepest 1-year drawdown was 7.6%.

PVEX key facts

Issuer

TrueShares

Asset type

ETF

Asset class

Fixed Income

Inception date

06/27/2025

Expense ratio

0.82%

Trailing yield

0.17%

Last close

$30.75 (as of 2026-09-30)

NAV

$30.79

Premium / discount

0.13% discount

AUM

$57,146,896

Average volume

2005.0

Last dividend

$0.05373

Last ex-dividend date

12/24/2025

Beta

1.058

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.17%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. 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.

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.

PVEX risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.6%.

Who may consider PVEX — and who may not

It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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