---
ticker: "PAYH"
name: "Elevation Series Trust - TrueShares S&P Autocallable High Income ETF"
url: "https://etf.net/etf/PAYH"
grade: "D"
score: 34
graded_at: "2026-10-12"
category: "Other Index Option Income"
category_rank: "22 of 24"
methodology: "https://etf.net/methodology"
---

# PAYH: Elevation Series Trust - TrueShares S&P Autocallable High Income ETF

Grade **D**, Score 34 of 100. Rank 22 of 24 in Other Index Option Income.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 48 | 12 of 24 |
| Mission | Not scored | — |
| Risk | 14 | 23 of 24 |
| Tradability | 27 | 22 of 24 |
| Holdings | Not scored | — |
| Durability | 42 | 18 of 24 |

## Top holdings

The fund holds 5 positions. These are the largest 5, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Recv Us Large Cap High Income Autocallable Index | 100.88% |
| 2 | — | Recv Tactical Put Participation High Index | 99.80% |
| 3 | — | Treasury Bill B 09/02/27 | 50.00% |
| 4 | — | Treasury Bill B 10/27/26 | 34.51% |
| 5 | — | State Street Inst U.s. Government Mmkt Admn Class | 1.48% |

Source: etf.net, https://etf.net/etf/PAYH. Please cite the page URL.