# Roundhill S&P 500 Target10 Managed Distribution ETF (TPAY) — Overview

TPAY · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/tpay

## Price

Last close $53.63 on Oct 15, 2026. 52-week range $46.50 – $55.06.

## Fund profile

TPAY seeks to provide exposure to the return of the S&P 500 Index while offering a tax-efficient monthly distribution.

| Metric | Value |
| --- | --- |
| Issuer | Roundhill Financial Inc. |
| Industry | Technology |
| Inception | Feb 18, 2026 |
| Assets under management | $1.6M |
| Expense ratio | 0.49% |
| Net asset value | $53.43 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Roundhill S&P 500 Target10 Managed Distribution ETF (TPAY)?

TPAY seeks to provide exposure to the return of the S&P 500 Index while offering a tax-efficient monthly distribution.

### What is TPAY's expense ratio?

Roundhill S&P 500 Target10 Managed Distribution ETF charges an annual expense ratio of 0.49%. The fund is issued by Roundhill Financial Inc..

### How large is TPAY?

Roundhill S&P 500 Target10 Managed Distribution ETF manages $1.6M in assets and has traded since Feb 18, 2026.

### How do I buy shares of Roundhill S&P 500 Target10 Managed Distribution ETF (TPAY)?

TPAY trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).