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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
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
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PVEX assets under management is 1.82 M USD. It's risen 138.94% over the last month.
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.
No, PVEX doesn't pay dividends to its holders.
PVEX shares are issued by Truemark Group LLC under the brand TrueShares. The ETF was launched on Jun 27, 2025, and its management style is Active.
PVEX expense ratio is 0.79% meaning you'd have to pay 0.79% of your investment to help manage the fund.
PVEX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PVEX invests in bonds.
PVEX trades at a premium (1.98%) meaning the ETF is trading at a higher price than the calculated NAV.