# Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) — Overview

XPAY · NYSE · Fund

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

## Price

Last close $51.61 on Oct 15, 2026. 52-week range $47.47 – $56.18.

## Fund profile

XPAY is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy.

| Metric | Value |
| --- | --- |
| Issuer | Roundhill Financial Inc. |
| Industry | — |
| Inception | Oct 31, 2024 |
| Assets under management | $185.0M |
| Expense ratio | 0.49% |
| Net asset value | $51.39 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY)?

XPAY is an actively managed fund, whose primary objective is to pay a monthly return of capital distribution at an annualized rate of twenty percent, while providing exposure to the S&P 500 Index. The fund uses predominately FLEX call options to pursue this strategy.

### What is XPAY's expense ratio?

Roundhill S&P 500 Target 20 Managed Distribution ETF charges an annual expense ratio of 0.49%. The fund is issued by Roundhill Financial Inc..

### How large is XPAY?

Roundhill S&P 500 Target 20 Managed Distribution ETF manages $185.0M in assets and has traded since Oct 31, 2024.

### How do I buy shares of Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY)?

XPAY 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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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

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).