{
 "ticker": "TPAY",
 "name": "Roundhill S&P 500 Target 10 Managed Distribution ETF",
 "issuer": "Roundhill",
 "desk": "income",
 "url": "https://etfiq.com/funds/TPAY",
 "html": "https://etfiq.com/funds/TPAY",
 "markdown": "https://etfiq.com/funds/TPAY.md",
 "as_of": "2026-09-11",
 "verdict": "Since its launch on Feb 18, 2026, TPAY paid 5.8% in cash and still finished 0.8 points behind SPY.",
 "key_facts": [
  {
   "key": "cash_paid_since_launch_on_its_starting_price",
   "label": "Cash paid, since launch, on its starting price",
   "value": "5.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPAY, cash paid, since launch, on its starting price: 5.8%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+11.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPAY, total return, since launch: +11.1%, as of Sep 11, 2026."
  },
  {
   "key": "against_spy",
   "label": "Against SPY",
   "value": "\u22120.8 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPAY, against SPY: \u22120.8 pts, as of Sep 11, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "9.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPAY, latest payout, annualized: 9.5%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "source, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "TPAY, net assets: $2m (source, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "TPAY, expense ratio: not read by ETFIQ, as of Sep 11, 2026."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "option income",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "S&P 500 (SPY)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$2m",
   "source": "source, as filed for Jun 30, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "9.5%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "5.5%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Feb 18, 2026",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "28 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "2 days",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.4218 ex Sep 9, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_7_distributions",
   "label": "Sum of the last 7 distributions",
   "value": "$2.9523",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "2.4%",
   "Price": "+0.4%",
   "Total return": "+2.8%",
   "SPY": "+3.3%",
   "Ahead or behind": "\u22120.5 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "5.2%",
   "Price": "+9.9%",
   "Total return": "+15.3%",
   "SPY": "+16.0%",
   "Ahead or behind": "\u22120.7 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "5.8%",
   "Price": "+5.0%",
   "Total return": "+11.1%",
   "SPY": "+12.0%",
   "Ahead or behind": "\u22120.8 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has TPAY paid over the last year?",
   "a": "Over the period from its launch on Feb 18, 2026 to Sep 11, 2026, TPAY paid 5.8% of its starting price in cash distributions, while the price rose 5.0%."
  },
  {
   "q": "Is TPAY ahead of SPY?",
   "a": "Over the period from its launch on Feb 18, 2026 to Sep 11, 2026, with every distribution reinvested, TPAY returned +11.1% against +12.0% for S&P 500 (SPY), so a holder was behind it by 0.8 points."
  },
  {
   "q": "How often does TPAY pay, and how much?",
   "a": "TPAY pays monthly. The latest distribution annualizes to 9.5% at its price on Sep 11, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "When does TPAY next pay a distribution?",
   "a": "TPAY pays monthly. The last distribution went ex on Sep 9, 2026 at $0.4218 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Oct 7, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}