Autocallable income reimagined:

The dynamic, volatility-managed ETF solution

Unlock the potential for higher, more reliable monthly income with TrueShares S&P Autocallable Income ETFs (PAYH and PAYM)

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For decades, the bedrock of a successful retirement portfolio has been a steady income stream. However, reliable, attractive income has become challenging to find, as traditional sources like investment-grade bonds have been challenged by low interest rates.

PAYH and PAYM are single-ticker solutions, pursuing high or moderate income respectively, that package the income strategies institutions, financial advisors, and retail investors have traditionally utilized in a structured product format into an ETF wrapper—enabling them to be more affordable, accessible and liquid.

PAYH and PAYM Key Benefits

01.

Seeks above average, reliable monthly income potential*

02.

Professionally managed single-tickers that are model-portfolio ready

03.

Market-reactive reference indices to help manage volatility

04.

Dynamic, always-on hedge to mitigate severe market stress

05.

Equity market-linked income with daily liquidity

Manufacturing Yield Using an Institutional Strategy:

The Autocallable Note

PAYH and PAYM invest in a diversified portfolio of autocallable notes, which are equity market-linked investments designed to provide regular income and return principal at a set maturity date or earlier - provided the reference index stays above a pre-set barrier.

Each ETF is reverse engineered to target high or moderate income by assembling a portfolio of autocallables, each with its own set of maturity, coupon, and barrier levels for increased diversification and seeking higher yield potential than traditional income sources.

The PAYH and PAYM Difference:

ETFs that React to Market Conditions

Today’s market volatility requires more than just a ladder of securities. PAYH and PAYM both have several layers of support built in to defend your investment.

Dynamic Reference Index

The reference indices for PAYH and PAYM dynamically adjust exposure to equities based on market volatility conditions up to seven times daily — allowing for a faster reaction to market moves if volatility is spiking or contracting.

During calm or typical market environments, the reference index increases exposure.

During volatile market periods, the reference index reduces exposure.

Dialing up exposure in calm markets and dialing down exposure in times of volatility, allows the ETF to seek an income goal with less potential risk. The autocall feature allows for income to be realized faster in up markets while in down markets, adding autocallable notes or rolling strikes are meant to increase diversification – lowering leverage and still aiming for an attractive yield.

The Always-On Hedge

All autocallables are equity market linked. That’s why both PAYH and PAYM contain a dynamically calibrated, always-on hedge to help reduce the potential effect of drawdowns on a diversified portfolio of autocallables during severe, rapid equity market selloff.

The funds dedicate a modest portion (typically 1-3%) of their potential income to purchase option-based hedges to partially offset this equity risk, additionally dampening overall volatility.

Educational Resources

Take a Deep Dive

Want a comprehensive look at how PAYH and PAYM are engineered?

Principal Barrier & Maturity Outcomes, Explained
The Autocall Feature, Explained
Observation Dates, Explained
Coupon Threshold, Explained
Non-Call Period, Explained
The Advantage of an ETF Structure for Autocallable Notes
All About Autocallables Brochure
The Reference Assets behind PAYH & PAYM
PAYH & PAYM FAQs
Investment Case: Autocallable Income ETFs

PAYH/PAYM Explainer

3 Questions in 3 Minutes

Ready to put PAYH and PAYM in your portfolio?

PAYH and PAYM are liquid and accessible to both retail and institutional investors.

Retail Investors
Speak to your Financial Advisor or purchase directly through your existing Retail Brokerage Account:
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Investment Professionals
Contact our Institutional Desk to learn more about our funds, get research support, and receive assistance with trades.

Take the Next Step Towards A New Way for Potential Income Generation.

Visit PAYH and PAYM’s ETF webpages to view important fund data.
PayHPaym

Disclosures

*Monthly income payments are not guaranteed. Income coupon payments are paid when the reference index is above the coupon threshold.

Autocallable Note: An autocallable note is a structured investment that pays high interest (coupons) and automatically matures (gets "called") by the issuer before its final date if the underlying asset (like an index or stock) hits a specific price level (autocall trigger) on a scheduled observation date, returning principal plus accrued coupons, but carries risks of principal loss if the asset falls significantly below its barrier.

Before investing, carefully consider theTrueShares ETFs investment objectives, risks, charges and expenses. Specific information about the fund is contained in the prospectus and a summary prospectus, copies of which may be obtained by visiting www.www.true-shares.com.Read the prospectus carefully before you invest.

Paralel Distributors LLC, distributor. Paralel is not affiliated with TrueMark Investments.

The investment objective of TrueSharesS&P Autocallable High Income ETF (the “Fund”) is to generate high monthly income while reducing downside risk. The investment objective of TrueSharesS&P Autocallable Defensive Income ETF (the “Fund”) is to generate moderate monthly income while reducing downside risk.

These products employ a complex investment strategy involving derivatives and structured-product like payout profiles and may not be suitable for all investors. The tax treatment of derivatives and structured-outcome strategies maybe complex. Investors should consult a tax advisor regarding their individual circumstances.

The funds seek high income, but predictable income is not a guarantee and actual income may decline in certain market conditions. A decline in the index or failure to meet certain performance thresholds may reduce or eliminate monthly income. There is no assurance that the Funds’ investment strategy, including their use of derivatives, contingent downside features, or income-generation techniques, will be successful. The strategy may not achieve its objectives, may not perform as expected in different market environments, and could result in investment losses.

The funds are new with no operating history.

An investment in TrueShares S&P Autocallable High Income ETF and TrueShares S&P Autocallable DefensiveIncome ETF is subject to numerous risks, including possible loss of principal.The ETF is subject to the following principal risks: Authorized Participants,Market Makers, and Liquidity Providers Concentration Risk associated with ETFs; Equity Market Risk; Management Risk; Market Capitalization Risk; Market Risk; New Fund Risk. A full description of risks is in the prospectus.

TrueShares S&P Autocallable HighIncome ETF and TrueShares S&P Autocallable Defensive Income ETF is also subject to the following risks:

Coupon payment risk: Coupon payment risk refers to the danger that the issuer of a bond may default on its interest payments (credit risk) or that the investor will not be able to reinvest those payments at a favorable rate (reinvestment risk). This risk is present with any fixed-income security that makes regular coupon payments.

Autocall barrier risk: Autocall barrier risk is the possibility of losing money on an autocallable financial product because the underlying asset's value falls below a specified barrier level.

maturity barrier risk: If the UnderlyingReference Index falls below the Maturity Barrier at the maturity of an Autocall in the Portfolio, that portion of the Portfolio will be fully exposed to the negative performance of the Underlying Reference Index from its initial level. This conditional protection creates a binary outcome that can result in sudden, significant losses if barriers are breached.

Derivatives and swap counterparty risk: Counterparty risk is the risk that one party in a derivative contract, such as an interest rate or currency swap, will default on its obligations. This means the other party could face a financial loss because the defaulting counterparty fails to make a required payment. The risk is particularly high for over-the-counter (OTC) derivatives like swaps, which are negotiated directly between two parties and are not traded on an exchange.

Reference index risk: a reference index risk is the risk that an asset's return will deviate from a benchmark index, or the risk associated with instruments like index options, which are used for trading and hedging against index movements.

Equity market risk: Equity market risk is the possibility of losing money in stock investments due to fluctuations in the overall stock market. This risk stems from factors like economic conditions, geopolitical events, and industry trends that cause market-wide price changes, affecting both individual stocks and entire portfolios.

FLEX options risk: The Fund may invest in FLEX Options issued and guaranteed for settlement by theOCC. The Fund bears the risk that the OCC will be unable or unwilling to perform its obligations under the FLEX Options contracts. Additionally, FLEX Options may be illiquid, and in such cases, the Fund may have difficulty closing out certain FLEX Options positions at desired times and prices. As the options the Fund invests in derive their performance from the S&P 500 Price Index, the Fund is subject to the equity market risk associated with the index.The ETF’s portfolio is more volatile than broad market averages.