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

Roundhill · Income ETFs · data as of Sep 11, 2026

Since its launch on Feb 18, 2026, TPAY paid 5.8% in cash and still finished 0.8 points behind SPY.

## Key facts

- TPAY, cash paid, since launch, on its starting price: 5.8%, as of Sep 11, 2026.
- TPAY, total return, since launch: +11.1%, as of Sep 11, 2026.
- TPAY, against SPY: −0.8 pts, as of Sep 11, 2026.
- TPAY, latest payout, annualized: 9.5%, as of Sep 11, 2026.
- TPAY, net assets: $2m (source, as filed for Jun 30, 2026).
- TPAY, expense ratio: not read by ETFIQ, as of Sep 11, 2026.

## TPAY over each window to Sep 11, 2026

| Window | Cash paid | Price | Total return | SPY | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 2.4% | +0.4% | +2.8% | +3.3% | −0.5 pts |
| 6 months | 5.2% | +9.9% | +15.3% | +16.0% | −0.7 pts |
| Since launch | 5.8% | +5.0% | +11.1% | +12.0% | −0.8 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | option income | ETFIQ |
| Benchmark | S&P 500 (SPY) | ETFIQ |
| Pays | monthly | ETFIQ |
| Net assets | $2m | source, as filed for Jun 30, 2026 |
| Latest payout, annualized | 9.5% | ETFIQ |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Cash paid, last 12 months, over today’s price | 5.5% | ETFIQ |
| Launched | Feb 18, 2026 | ETFIQ |
| Pays | monthly | ETFIQ |
| Typical gap between ex-dates | 28 days | ETFIQ |
| Typical wait from ex-date to payment | 2 days | ETFIQ |
| Last paid, per share | $0.4218 ex Sep 9, 2026 | ETFIQ |
| Sum of the last 7 distributions | $2.9523 | ETFIQ |

## Questions

### How much has TPAY paid over the last year?

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%.

### Is TPAY ahead of SPY?

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.

### How often does TPAY pay, and how much?

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.

### When does TPAY next pay a distribution?

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.


## Cite this page

ETFIQ, TPAY, data as of Sep 11, 2026. https://etfiq.com/funds/TPAY
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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