TRUESHARES

TRUESHARES

PVEX

TrueShares Convex Protect ETF

Why Invest in PVEX

TRUEOUTCOME
The TrueShares ConVex Protect ETF (PVEX) is designed to participate in the growth of U.S. large-cap equities while aiming to cushion against significant market declines. The fund aims to provide a convex return pattern—capturing the potential for strong upside participation while helping to limit losses in downturns. On the upside, the fund aims to offer the potential for capital appreciation that could match or exceed that of the U.S. large cap equity, providing convexity. On the downside, the fund aims to mitigate against a meaningful portion of the risk posed by a decline in U.S. large cap equity markets.

Why Invest in PVEX

TRUEOUTCOME
The TrueShares ConVex Protect ETF (PVEX) is designed to participate in the growth of U.S. large-cap equities while aiming to cushion against significant market declines. The fund aims to provide a convex return pattern—capturing the potential for strong upside participation while helping to limit losses in downturns. On the upside, the fund aims to offer the potential for capital appreciation that could match or exceed that of the U.S. large cap equity, providing convexity. On the downside, the fund aims to mitigate against a meaningful portion of the risk posed by a decline in U.S. large cap equity markets.
FUND SUMMARY

About the PVEX ETF

Fund Details

Data as of 06/30/2025

Inception Date

June 27, 2025

CUSIP

210322665

Primary Exchange

Cboe BZX

Ticker

PVEX

Fund Listing

06/30/2025

IOPV Symbol

N/A

NAV Symbol

PVEX.NV

Expense Ratio

0.79%

30 Day SEC Yield

Fund Data & Pricing

Data as of 06/30/2025
Net Assets as of 06/30/2025

NAV

Shares Outstanding

Premium/Discount Percentage

Closing Price

30 Day Median Bid/Ask Spread

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

FUND SUMMARY

About the PVEX ETF

Fund Details

Data as of 06/30/2025

Inception Date

June 27, 2025

Fund Listing

06/30/2025

Primary Exchange

Cboe BZX

Ticker

PVEX

CUSIP

210322665

IOPV Symbol

N/A

NAV Symbol

PVEX.NV

Expense Ratio

0.79%

30 Day SEC Yield

Fund Materials

Fact Sheet
Fact Sheet
Prospectus
SAI
Summary Prospectus
Launch Press Release

Fund Materials

Fact Sheet
Prospectus
SAI
Summary Prospectus
Launch Press Release

Fund Data & Pricing

Data as of 06/30/2025
Net Assets as of 06/30/2025

NAV

Shares Outstanding

Premium/Discount Percentage

Closing Price

30 Day Median Bid/Ask Spread

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

Historical NAV Change

Use the slider below to adjust the time period shown in the graph below.

Fund Materials

Fact Sheet
Prospectus
SAI
Summary Prospectus
Launch Press Release

Fund Data & Pricing

Data as of 06/30/2025
Net Assets as of 06/30/2025

NAV

Shares Outstanding

Premium/Discount Percentage

Closing Price

30 Day Median Bid/Ask Spread

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

Outcome Period Values

ETF Starting NAV/Period Return

SPX Index Reference Price

Downside Buffer

Expected Upside Participation

Days Remaining

ETF Starting NAV/Period Return

SPX Index Reference Price

Downside Buffer

Expected Upside Participation

Days Remaining

/0.0%

ETF Starting NAV/Period Return SPX Index Reference Price Downside Buffer Expected Upside Participation Days Remaining
29.24 4796 10 70-72% 362

Outcome Period Values

ETF Starting NAV/Period Return

/0.0%

SP Index Reference Price

Downside Buffer

Expected Upside Participation

Days Remaining

Current Outcome Period Values

Data as of 06/29/2025

ETF Current NAV/Period Return

SPX Period Return

Remaining Buffer

Downside Before Buffer

Remaining Outcome Period

Current Outcome Period Values

Data as of 06/29/2025
ETF Current NAV/Period Return SPX Period Return Remaining Buffer Downside Before Buffer Remaining Outcome Period
29.24 4796 10 70-72% 362

ETF Current NAV/Period Return

SPX Period Return

Remaining Buffer

Downside Before Buffer

Remaining Outcome Period

Performance

Data as of 06/30/2025

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

Fund NAV

S&P 500 Total Return Index

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

Fund NAV

S&P 500 Total Return Index

Expense ratio: 0.79%

Performance data quoted on this website represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed or sold in the secondary market, may be worth more or less than the original cost. Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance shown. Shares are bought and sold at market price not net asset value and are not individually redeemable from the fund. Call 877-774-TRUE (8783) for performance data current to the most recent month end. Click here to view or download the factsheet for quarter-end standardized performance.

All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. Market price performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. NAV price performance is determined using the daily calculated NAV. They do not represent the returns you would receive if you traded shares at other times. Performance figures do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or upon redemption or sale of fund shares. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 06/30/2025, when the fund first traded on an exchange. Click here to view or download a full prospectus. Click here to view or download a summary prospectus.


Index performance does not represent TrueShares fund performance. The S&P 500 is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. The ETF is benchmark agnostic and corresponding portfolios may have significant non-correlation to any index. Index returns are generally provided as an overall market indicator. You cannot invest directly in an index. Although reinvestment of dividend and interest payments is assumed, no expenses are netted against an index’s returns. Index performance information was furnished by sources deemed reliable and is believed to be accurate, however, no warranty or representation is made as to the accuracy thereof and the information is subject to correction.

Performance

Data as of 06/30/2025
3 Month 6 Month 1 year 5 Year Since Inception
Market Price 8.18 8.31 21.66 21.66
Fund NAV 8.27 8.12 21.66 21.65
S&P 500 10.65 10.91 26.89 26.89

3 Month

6 Month

1 Year

5 Year

Since Inception

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

Fund NAV

S&P 500 Total Return Index

Expense ratio: 0.79%

Performance data quoted on this website represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed or sold in the secondary market, may be worth more or less than the original cost. Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance shown. Shares are bought and sold at market price not net asset value and are not individually redeemable from the fund. Call 877-774-TRUE (8783) for performance data current to the most recent month end. Click here to view or download the factsheet for quarter-end standardized performance.

All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. Market price performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. NAV price performance is determined using the daily calculated NAV. They do not represent the returns you would receive if you traded shares at other times. Performance figures do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or upon redemption or sale of fund shares. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 06/30/2025, when the fund first traded on an exchange. Click here to view or download a full prospectus. Click here to view or download a summary prospectus.


Index performance does not represent TrueShares fund performance. The S&P 500 is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. The ETF is benchmark agnostic and corresponding portfolios may have significant non-correlation to any index. Index returns are generally provided as an overall market indicator. You cannot invest directly in an index. Although reinvestment of dividend and interest payments is assumed, no expenses are netted against an index’s returns. Index performance information was furnished by sources deemed reliable and is believed to be accurate, however, no warranty or representation is made as to the accuracy thereof and the information is subject to correction.

Distribution Detail

Ex-Date Record Date Payable Date Amount Rate Type
PREMIUM DISCOUNT INFORMATION

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Top 10 Holdings

Data as of 6/30/2025
% of Net Assets 100
Name STATE STREET INST U.S. GOVERNMENT MMKT ADMN CLASS
Ticker SALXX
CUSIP 857492656
Shares Held 750,000
Market Value 750,000.00
DOWNLOAD FULL HOLDINGS

Top 10 Holdings

Data as of 6/30/2025
% of Net Assets Name Ticker CUSIP Shares Held Market Value
100 STATE STREET INST U.S. GOVERNMENT MMKT ADMN CLASS SALXX 857492656 750,000 750,000.00
DOWNLOAD FULL HOLDINGS

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Keep up with the latest PVEX news

      Request a meeting with our investment team

      433 W. Van Buren Street, 1100-D
      Chicago, IL 60607
      Email: info@true-shares.com
      Phone: 877.774.TRUE

      ©2024, TrueShares, ©2024 TrueMark Investments, LLC. (“TrueMark”).

      Before investing, carefully consider the TrueShares 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.

      An investment in the TrueShares Convex Protect 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 Convex Protect ETF is also subject to the following risks: As an ETF, the Fund is exposed to the additional risks, including:
      Options Risk: Buying and selling (writing) options are speculative activities and entail greater investment risks.

      Derivatives Risk: Derivatives may be more sensitive to changes in economic or market conditions than other types of investments.

      Active Management Risk: The adviser’s judgments about an investment may prove to be incorrect or fail to have the intended results, which could adversely impact the Fund’s performance.

      Buffered Loss Risk: There can be no guarantee that the Fund will be successful in its strategy to buffer against underlying ETF price declines. Despite the intended hedge period buffer, a shareholder may lose money by investing in the Fund.

      Underlying Funds Risk: An Underlying Fund’s assets may be invested in a limited number of securities which may subject the Underlying Fund, and thus the Fund, to greater risk and volatility than if investments had been made in a larger number of securities.

      Equity Market Risk: Common stocks are susceptible to general stock market fluctuations and to volatile increases and decreases in value as market confidence in and perceptions of their issuers change based on various and unpredictable factors including but not limited to expectations regarding government, economic, monetary and fiscal policies; inflation and interest rates; economic expansion or contraction; and global or regional political, economic and banking crises.

      Fixed Income Securities Risk: When an underlying ETF invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income securities owned by the Fund. In general, the market price of fixed income securities with longer maturities will increase or decrease more in response to changes in interest rates than shorter-term securities.

      The 30-Day Yield represents net investment income earned by the Fund over the 30-Day period, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period. The 30-Day unsubsidized SEC Yield does not reflect any fee waivers/reimbursements/limits in effect.
      30 Day Median Bid/Ask Spread: a measure of a security’s liquidity, reflecting the average difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask) over a 30-day period.

      Individual investors should contact their financial advisor or broker dealer representative for more information on TrueShares ETFs.
      Investment Products and Services are: NOT FDIC INSURED / MAY LOSE VALUE / NO BANK GUARANTEE

      All registered investment companies, including TrueShares, are obliged to distribute portfolio gains to shareholders at year-end regardless of performance. Trading in TrueShares ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer.

      TrueShares ETFs are bought and sold through exchange trading at market price, not Net Asset Value (NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

      TrueShares ETFs (the “Funds”) are registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940. TrueMark Investments, LLC is the investment advisor to the Funds and receives a fee from the Funds for its services. The fund is distributed by Paralel Distributors LLC, Member FINRA. Paralel is not affiliated with TrueMark Investments, LLC.

      Find out more about the background of this firm on FINRA’s BrokerCheck.

      TrueShares ETFs are offered only to United States residents, and information on this site is intended only for such persons. Nothing on this website should be considered a solicitation to buy nor an offer to sell shares of any fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

      Premium/Discount

      Days traded at

      Previous Year (2024)

      Q1 Current Year

      Q2 Current Year

      Q3 Current Year

      Q4 Current Year

      Premium

      Discount

      Net Asset Value

      Data as of 06/30/2025
      The following table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund’s daily net asset value (“NAV”). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than NAV when those shares are sold because shares are bought and sold at current.