Elevation Series Trust - TrueShares Quarterly Bear Hedge ETFQBER

$23.85

−0.1% last session

−0.5% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 4, 2026QBERS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.1%	+0.3%	+0.2%	−0.5%	+0.4%	—	—	0.0%
Peer average	−1.7%	+9.8%	−2.4%	−19.0%	−22.1%	−56.6%	−39.0%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $86M
Expense ratio: 0.79%
Distribution yield: 3.3%
NAV: $23.90
Volume: 126K
Avg. volume 30D: 39K
High today: $23.85
Low today: $23.76
Previous close: $23.88
52-week high: $24.88
52-week low: $19.75
Our risk indicator: 5/5

QBER in One Breath

QBER Among An Index ETFs

YTD

#1ZSLProShares+563.3%$54.9M

#2YANGDirexion+22.4%$93.1M

#3SVIXVolatility Shares+17.5%$141M

#4TYODirexion+16.9%$10.1M

#5FXPProShares+16.6%$5.9M

#6TMVDirexion+16.4%$189M

#7SVXYProShares+15.6%$197M

#8EUOProShares+13.9%$45.5M

#19QBERTrueShares−0.5%$85.8M

End-of-day Nov 5, 2026 · 106 An index ETFs by YTD

$10,000 in QBER

$10,000 in QBER became

$10,004

In the S&P 500 (VOO)

$14,354

Total return, dividends in · Jul 2, 2024 – Nov 4, 2026 · S&P 500 uses VOO

QBER’s Top Holdings

Today

TREASURY BILL Treasury Bill B 11/19/2633.1%TREASURY BIL33.0%TREASURY BIL32.9%

TREASURY BILL Treasury Bill B 11/19/2633.1%TREASURY BIL33.0%TREASURY BIL32.9%11 more

Other

TrueShares QBER · 23 holdings · top 22 shown · tile size = share of the fund · as of Nov 4, 2026

What QBER Holds

Today

Technology37.9%

[…]

Financial Services11.7%

[…]

Communication Services10.0%

[…]

Consumer Cyclical9.6%

[…]

Healthcare9.1%

[…]

Industrials8.4%

[…]

Consumer Defensive4.6%

[…]

TrueShares QBER · share of the fund by sector · as of Nov 4, 2026

Treasury’s Share of QBER

Today

33.1%

$331 of every $1,000 in QBER is Treasury

Treasury held by QBER

$28.4M

TrueShares QBER · each square = $10 of $1,000 · as of Nov 4, 2026

QBER’s Share of An Index ETFs

Today

0.1%

of the $136B in 404 An index ETFs

QBER$85.8M0.1%

TQQQ$32.5B23.9%

SOXL$18.0B13.3%

401 others$85.1B62.7%

An index ETF AUM · Nov 5, 2026

QBER Fee per $100 vs Peers

Today

$0.79a year
per $100

$79 a year on $10,000

QBER$0.79

SH$0.88

SQQQ$0.94

SCO$0.95

PSQ$0.96

SOXS$1.00

Expense ratio · An index peers · Nov 5, 2026

Inside QBER

23 holdings · as of Nov 4, 2026

QBER

Elevation Series Trust - TrueShares Quarterly Bear Hedge ETF

Today

Technology37.9%Financial Services11.7%Communication Services10.0%Consumer Cyclical9.6%Healthcare9.1%Industrials8.4%Consumer Defensive4.6%Other100.0%Treasury BilTreasury Bill B 11/19/2633.1%Treasury B33.0%Treasury B32.9%

Technology37.9%Financial Services11.7%Communication Services10.0%Consumer Cyclical9.6%Healthcare9.1%Industrials8.4%Other100.0%Treasury B33.1%Treasury B33.0%Treasury B32.9%

#	Ticker	Company	Weight ▼
1	—	Treasury Bill B 11/19/26	33.09%
2	—	Treasury Bill B 12/17/26	32.99%
3	—	Treasury Bill B 01/12/27	32.89%
4	—	State Street Inst U.s. Government Mmkt Admn Class	0.22%
5	—	SPY 01/15/27 P740.00 Euro Cash Flex	0.13%
6	—	SPY 01/15/27 P725.00 Euro Cash Flex	0.13%
7	—	SPY 12/18/26 P740.00 Euro Cash Flex	0.11%
8	—	SPY 12/18/26 P720.00 Euro Cash Flex	0.11%
9	—	SPY 11/20/26 P745.00 Euro Cash Flex	0.07%
10	—	SPY 11/20/26 P730.00 Euro Cash Flex	0.06%

TechnologyFinancial ServicesCommunication ServicesConsumer CyclicalHealthcareIndustrialsConsumer DefensiveEnergyUtilitiesReal EstateBasic MaterialsOther

TrueShares QBER · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 100.0%

How It Compares

QBER

Elevation Series Trust - TrueShares Quarterly Bear Hedge ETF’s Peers

Today


SOXS	DirexionRead Desk	1.00%	+8.8%	−90.7%	$6.1B
SQQQ	ProSharesRead Desk	0.94%	−2.8%	−32.0%	$2.0B
SH	ProSharesRead Desk	0.88%	−1.6%	−7.2%	$976M
SCO	ProSharesRead Desk	0.95%	+12.9%	−73.1%	$922M
PSQ	ProSharesRead Desk	0.96%	−0.9%	−6.7%	$688M
QBER	TrueSharesThis fundRead Desk	0.79%	−0.1%	+0.4%	$86M

An index peers · Today’s and past-year returns · as of Nov 5, 2026 · sorted by AUM

Head to Head

Put QBER head to head with SOXS →

SOXS vs QBER

YTD

SOXSDirexion · An indexQBERTrueShares · An index

Year to date

−90.4%

−0.5%

QBER wins+89.9 pts

Past year

−90.7%

+0.4%

QBER wins+91.1 pts

Fee

1.00%

0.79%

QBER winslower fee

Yield

20.3%

3.3%

SOXS wins+17.0 pts

AUM

$6.1B

$85.8M

SOXS71.3× more

3–1QBER wins

Direxion SOXS and TrueShares QBER · year-to-date · as of Nov 5, 2026 · AUM not scored

QBER vs VOO

YTD

QBER · Elevation Series Trust - TrueShares Quarterly Bear Hedge

−0.5%

VOO · S&P 500

+13.4%

Gap

13.9 pts

TrueShares QBER and Vanguard VOO · Today total return · as of Nov 5, 2026

QBER vs Its Peer Average

YTD

QBERAvsBPeer average

1D−0.1%−1.7%

1M+0.3%+9.8%

3M+0.2%−2.4%

YTD−0.5%−19.0%

1Y+0.4%−22.1%

3Y[…]−56.6%

5Y[…]−39.0%

4–1QBER wins

123 An index peers · each row scaled to its leader

The Details

QBER

Risk

5/5our risk indicator

CalmerBumpier

Volatility · 1Y3.84%

Deepest drop · 1Y−2.3%

Lowest point · 5Y−0.4%

52-week range

$23.85

$19.75−4.1% from the high$24.88

TrueShares QBER · past-year price moves · as of Nov 5, 2026

QBER

Fund Facts

Today

2024launched Jun 28

Tracks[…]

Exchange · CUSIPCBOE · 210322509

StructureETF

Leverage-1x

Cost on $10,000$79 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

TrueShares QBER · fund facts · as of Nov 5, 2026

QBER

Payouts by Year

$0.78per share, Dec 2025

Distribution yield3.3%

Paid[…]

Latest ex-date · paidDec 24, 2025

2 payouts added up$1.12 a share

TrueShares QBER · distributions by ex-date · 2024–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$23.90

Premium / discount[…]

Median spread · 30D[…]

Volume today126K

Average volume · 30D39K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.79%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$79.00

Our risk indicator5/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 24, 2025	[…]	$0.78
Dec 27, 2024	[…]	$0.33

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