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

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

TPAY is an ETF that tracks the S&P 500 Index. As of August 19, 2026, its distribution rate is 9.34%, its trailing-12-month yield is 7.78%, its expense ratio is 0.49%. Dividend Vision Distribution Safety Score™ is 50/100 (Caution). Fund total return is 12.0% over the past 0.5 years, 0.4 points behind SPY at 12.4%.

At the current 9.34% distribution rate, a $10,000 investment would generate approximately $934 per year, or $77.83 per month on an equivalent basis.

TPAY performance versus SPY

Data as of August 19, 2026.

Fund total return is 12.0% over the past 0.5 years, 0.4 points behind SPY at 12.4%.

TPAY key facts

Data as of August 19, 2026.

Distribution Safety Score™

50 · Caution

Issuer

Roundhill Investments

Asset type

ETF

Asset class

Equity

Inception date

02/18/2026

Expense ratio

0.49%

Distribution rate

9.34%

Distribution frequency

Monthly

Trailing yield

7.78%

Last close

$54.21

AUM

$500,000

Average volume

816.0

Last dividend

$0.4218

Ex-dividend date

12/09/2026

Payment date

12/10/2026

How Dividend Vision calculates yield and returns

Distribution rate (9.34%) 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 (7.78%) 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. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Roundhill Investments fund 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 funds from Roundhill Investments.