# TrueShares S&P Hedged Structured Income High ETF (PAYH) — Overview

PAYH · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/payh

## Price

Last close $25.06 on Oct 15, 2026. 52-week range $20.41 – $25.81.

## Fund profile

PAYH links its distributions to the performance of the S&P 500 Futures 35% Intraday VT 4% Decrement Index while embedding contingent downside protection and perpetual hedging.

| Metric | Value |
| --- | --- |
| Issuer | TrueMark Investments, LLC |
| Industry | — |
| Inception | Dec 29, 2025 |
| Assets under management | $36.4M |
| Expense ratio | 0.74% |
| Net asset value | $24.91 (as of Oct 15, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is TrueShares S&P Hedged Structured Income High ETF (PAYH)?

PAYH links its distributions to the performance of the S&P 500 Futures 35% Intraday VT 4% Decrement Index while embedding contingent downside protection and perpetual hedging.

### What is PAYH's expense ratio?

TrueShares S&P Hedged Structured Income High ETF charges an annual expense ratio of 0.74%. The fund is issued by TrueMark Investments, LLC.

### How large is PAYH?

TrueShares S&P Hedged Structured Income High ETF manages $36.4M in assets and has traded since Dec 29, 2025.

### How do I buy shares of TrueShares S&P Hedged Structured Income High ETF (PAYH)?

PAYH trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).