TPAY Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF
Quote as of Aug 26, 2026 15:48 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 54.10 | Day Range | 53.87 – 54.18 |
| 52-Week Range | 46.50 – 55.19 | Volume | 327 |
| Avg Volume | 838 | AUM | $1.6M (Aug 27, 2026) |
| Expense Ratio | 0.49% | Yield (TTM) | 4.68% |
| NAV | 54.11 | Premium/Discount | 0.00% indicative |
| Inception | Feb 18, 2026 | Holdings | 55 |
| Issuer | Roundhill Investments | Exchange | CBOE |
| Category | International | Index Tracked | S&P 500 |
| CUSIP | 77926X866 | ISIN | US77926X8662 |
| Management | Not stated in source data | ||
About this ETF
The Roundhill S&P 500 Target 10 Managed Distribution ETF, identified by the ticker TPAY, is structured to provide its investors with consistent monthly distributions of capital. These payouts are designed to achieve an annualized rate of ten percent (10%), while simultaneously offering exposure to the broader S&P 500 market. It is important to note that TPAY operates under an active management strategy.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +2.81% | -0.33% | +5.46% | — | — | — | +2.65% | — | +9.53% |
| Total return | +3.62% | +2.04% | +10.70% | — | — | — | +3.66% | — | +10.23% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 26, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.49% | Annual cost of a $10,000 investment | $49.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 22, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 4 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | SPY 03/12/2027 33.67 C | — | 58.46% | 13 | $949.0K |
| 2 | SPY 04/16/2027 33.18 C | — | 31.44% | 7 | $510.3K |
| 3 | SPYM 03/12/2027 3.33 C | — | 6.91% | 13 | $112.2K |
| 4 | Cash & Other | — | 3.19% | 51.72K | $51.7K |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 4.68% | Paid (last 12 months) | $2.5318 |
| Frequency | Monthly | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Dec 09, 2026 | Last payment | $0.4218 (Dec 10, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 09, 2026 | Dec 09, 2026 | Dec 10, 2026 | $0.4218 |
| Nov 10, 2026 | Nov 10, 2026 | Nov 12, 2026 | $0.4218 |
| Oct 14, 2026 | Oct 14, 2026 | Oct 15, 2026 | $0.4218 |
| Sep 09, 2026 | Sep 09, 2026 | Sep 10, 2026 | $0.4218 |
| Aug 12, 2026 | Aug 12, 2026 | Aug 13, 2026 | $0.4220 |
| Jul 08, 2026 | Jul 08, 2026 | Jul 09, 2026 | $0.4220 |
| Jun 10, 2026 | Jun 10, 2026 | Jun 11, 2026 | $0.4220 |
| May 13, 2026 | May 13, 2026 | May 14, 2026 | $0.4220 |
| Apr 08, 2026 | Apr 08, 2026 | Apr 09, 2026 | $0.4220 |
| Mar 11, 2026 | Mar 11, 2026 | Mar 12, 2026 | $0.4218 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 141.77% / 141.77% | Sharpe 1Y / 3Y | 5.40 / 5.40 |
| Max drawdown 1Y / 3Y | -8.59% / -8.59% | Sortino 1Y | 85.95 |
| Beta vs S&P 500 (3Y) | 0.9883 | Correlation vs S&P 500 (1Y) | 0.061 |
| Downside deviation 1Y | 8.91% | Risk-free rate used | 3.71% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 27, 2026. Formulas →
Liquidity
| Volume today | 327 | Average volume | 838 |
| AUM | $1.6M | Premium/Discount | 0.00% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $4.3K | +0.27% | $1.6M → $1.6M |
| 1 Week | -$14.6K | -0.90% | $1.6M → $1.6M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for TPAY
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.