Key stats
About Elevation Series Trust TrueShares ConVex Protect ETF
Home page
Inception date
Jun 27, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Truemark Investments LLC
Distributor
Paralel Distributors LLC
PVEX is an actively managed fund that combines income-generating securities with option strategies. The objective is to capture potential US large-cap equity gains while mitigating downside risks. The funds income-generating investments include US Treasuries, government and corporate bonds, AAA CLO tranches, preferred stocks, pre-merger SPACs, investment company debt, and income-producing ETFs. It targets investment grade debt of any maturity and follows a buy-and-hold approach, selling securities when more favorable opportunities arise. The fund may also employ an option box spread strategy to generate higher income. To capture a significant portion of the US large-cap equity market gains, the fund writes in-the-money put options and purchases out-of-the-money call options representing approximately 50% and 100% of notional portfolio exposure, respectively. The fund utilizes FLEX options with one-year expirations laddered across rolling three-month periods to reduce timing risks.
Related funds
Classification
What's in the fund
Exposure type
Government
Mutual fund
ETF
Bonds, Cash & Other100.00%
Government54.42%
Mutual fund25.46%
ETF16.81%
Rights & Warrants3.07%
Cash0.24%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PVEX trades at 24.93 USD today, its price has fallen −4.17% in the past 24 hours. Track more dynamics on PVEX price chart.
PVEX net asset value is 25.43 today — it's risen 1.97% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
PVEX assets under management is 1.82 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
PVEX fund flows account for 1.04 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PVEX invests in bonds. See more details in our Analysis section.
PVEX expense ratio is 0.79%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PVEX isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, PVEX doesn't pay dividends to its holders.
PVEX trades at a premium (1.98%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
PVEX shares are issued by Truemark Group LLC
PVEX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 27, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.