TPAYRoundhill S&P 500 Target 10 Managed Distribution ETF
Seeks to pay monthly return of capital distributions at an annualized rate of 10%.
—
#5,861 of 5,861 · expensive
—
#5,861 of 5,861 · small
—
—
#5,861 of 5,861 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 3 holdings = 94.0% of fundconcentrated
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to pay monthly return of capital distributions at an annualized rate of 10%.
- Strategy
- Invests primarily in U.S.-listed large cap equity securities through SPY FLEX Options to provide exposure to the S&P 500 Ò Index while targeting monthly distributions. Concentrated in the information technology sector.
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
What's next?
You've looked at TPAY. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.
Data updated on 2026-08-04