Roundhill S&P 500 Target 10 Managed Distribution ETF

Roundhill S&P 500 Target 10 Managed Distribution ETF is an actively managed exchange-traded fund designed to provide exposure to the S&P 500 while distributing income on a monthly basis. The fund combines large-cap U.S. equity exposure with a managed distribution policy that targets an annualized 10% rate, using an options-based approach to support its income objective. TPAY is intended for investors seeking broad U.S. stock market participation alongside a structured distribution framework, making it distinct from conventional index ETFs that primarily focus on capital appreciation. The fund is part of Roundhill’s income-oriented ETF lineup and is used in portfolios that emphasize regular cash flow and diversified exposure to major U.S. companies across sectors such as technology, financials, and consumer industries. Launched in 2026 and based in the United States, Roundhill S&P 500 Target 10 Managed Distribution ETF occupies a niche within the equity income market by pairing S&P 500 exposure with a managed payout strategy.