TPAY ETF — Roundhill S&P 500 Target 10 Managed Distribution ETF

Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY)

Updated October 2, 2026.

TPAY is an ETF that tracks the S&P 500 Index. its distribution rate is 9.40%, its trailing-12-month yield is 5.48%, its expense ratio is 0.49%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 12.1% over the past 0.6 years, 0.9 points behind SPY at 13.0%.

At the current 9.40% distribution rate, a $10,000 investment would generate approximately $940 per year, or $78.33 per month.

TPAY performance versus SPY

Price and return data through 2026-10-02.

Total return is 12.1% over the past 0.6 years, 0.9 points behind SPY at 13.0%.

TPAY key facts

Distribution Safety Score™

50 · Unproven

Issuer

Roundhill Investments

Asset type

ETF

Asset class

Equity

Inception date

02/18/2026

Expense ratio

0.49%

Distribution rate

9.40%

Distribution frequency

Monthly

Trailing yield

5.48%

Last close

$53.86 (as of 2026-10-02)

AUM

$500,000

Average volume

3100.0

Next dividend

$0.42175

Latest 19(a) ROC estimate

100.00%

Next ex-dividend date

10/14/2026

Next payment date

10/15/2026

Beta

0.9835

How Dividend Vision calculates yield and returns

Distribution rate (9.40%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (5.48%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Roundhill Investments or company page; Fact sheet; Prospectus; Index: S&P 500 Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TPAY risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider TPAY — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Roundhill Investments.