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Roundhill (Cboe BZX: TPAY) launched the Roundhill S&P 500® Target 10 Managed Distribution ETF (TPAY) on Feb 18, 2026. The actively managed ETF provides targeted exposure to the S&P 500 while paying monthly return of capital distributions at an annualized rate of 10%. The fund aims to let investors remain invested in equities while receiving fixed, tax-efficient monthly payouts.
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