- Pays: monthly.
- First paid: shortly after its December 30, 2025 launch — every payment since is charted below.
- What it is: autocallable coupons on a volatility-targeted S&P 500 futures index (20% vol target), with a hedge component built into the design — the cautious half of the TrueShares pair.
- Target profile: distribution rate around 10%, 0.74% expense ratio — deliberately trading yield for sturdier barriers than its sibling PAYH.
- The record so far: among the steadiest checks in the category — recent months within a cent of each other.
PAYM runs its autocallables on a 20%-volatility-target index and carries an embedded hedge — both choices sacrifice coupon size to make the barriers harder to breach. Its sibling PAYH makes the opposite trade.
PAYM pays monthly. Each point below is one distribution since the fund launched in December 2025.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
| Recent Ex-Dividend Dates | Distribution / Share |
|---|
"Next expected" is estimated from PAYM's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
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TrueShares launched its autocallable pair in December 2025 as a deliberate fork: same machinery, two risk settings. PAYM is the defensive setting — the underlying index caps its own volatility at 20% and the design carries a hedge component, so coupons are smaller (~10% target) but the deep barriers are meaningfully harder to reach. PAYH is the same machine dialed to 35% volatility for a ~17% target.
The payment record shows the design doing its job: monthly checks within a cent of each other. For the category's other risk settings, see CAIE (the $1.3B reference) and the explainer's field map.
| Year | Total Distributions / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is PAYM's Next Ex-Dividend Date?
PAYM pays monthly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from PAYM's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
PAYM's Record So Far
PAYM — the TrueShares S&P Autocallable Defensive Income ETF — launched December 30, 2025 in a pair with PAYH, and has paid monthly since. Its checks have been about as steady as this category gets: recent months clustered within roughly a cent per share. That flatness isn't luck — it's the point.
How the Defense Works
Two design choices separate PAYM from a standard autocall fund. First, its index runs a 20% volatility target — when markets get wild, the index automatically de-risks into futures-and-cash, which keeps barrier-threatening crashes rarer. Second, the strategy embeds a hedge component against deep declines. Both choices cost coupon — volatility is what autocall coupons are made of — which is why PAYM targets roughly 10% while its sibling targets 17%.
Where PAYM Fits
PAYM is the category's clearest expression of "income that plans to survive." Read it against PAYH to see exactly what the volatility dial buys and costs, and against CAIE for the category's reference record. The full field — pioneers, builders, and the August 2026 wave — is mapped in the explainer.
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Coupon barriers, volatility targets, autocall dates — the whole machine in plain English.
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