If You Invested in Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY)
Looking for the current price? See the TPAY quote & overviewWhat $1,000 or $10,000 in TPAY Would Be Worth Now
Real historical value by amount invested and how long ago| If you invested | 1 year ago | 5 years ago | 10 years ago | Since Feb 1, 2019 |
|---|---|---|---|---|
| $1,000 | $1,039 +4% | $1,122 +12% | — | $1,944 +94% |
| $10,000 | $10,387 +4% | $11,220 +12% | — | $19,435 +94% |
Based on real historical closing prices, dividend- and split-adjusted, through 2026-07-30. Past performance does not guarantee future results.
Custom Calculation
Choose your own date and amount for TPAY$1,000 Investment Over Time
TPAY vs S&P 500Year-by-Year Returns
TPAY annual performance| Year | Start Price | End Price | Annual Return | Cumulative |
|---|---|---|---|---|
| 2019 | $27.17 | $31.78 | +17.0% | +17.0% |
| 2020 | $32.28 | $44.68 | +38.4% | +64.4% |
| 2021 | $44.35 | $37.63 | -15.2% | +38.5% |
| 2022 | $38.45 | $25.14 | -34.6% | -7.5% |
| 2026 | $50.84 | $52.81 | +3.9% | +94.4% |
About Roundhill S&P 500 Target 10 Managed Distribution ETF
BATS
Roundhill S&P 500 Target 10 Managed Distribution ETF is an exchange-traded fund that targets exposure to the return of the S&P 500 Index while following a managed distribution policy. The fund trades on Cboe BZX under the ticker TPAY and was launched by Roundhill Investments, an ETF sponsor focused on financial products.
TPAY is structured around two core features: equity-market exposure tied to the S&P 500 Index and monthly distribution payments set at an annualized rate of 10%. The distribution program is based on the fund's net asset value on the final business day of December each calendar year. Payments are made from fund assets and are not limited to dividends, income, or realized capital gains generated by the portfolio.
The fund's managed payout structure means distributions can reduce assets available for investment. If distributions exceed the fund's earnings and profits, the excess can be treated as a return of capital to the extent of a shareholder's tax basis in fund shares. Return of capital represents a return of a portion of invested capital rather than investment income, and it can affect gain or loss recognition when fund shares are sold.
TPAY is exposed to market risk because fund shares and portfolio securities can decline in value. The fund's risk profile includes equity-market fluctuations tied to economic, political, regulatory, interest-rate, and broader securities-market developments. Its reference index, managed distribution policy, monthly payout design, and ETF trading format define the fund's public-market identity.
Frequently Asked Questions
Roundhill S&P 500 Target 10 Managed Distribution ETF investment returns
How much would $1,000 invested in Roundhill S&P 500 Target 10 Managed Distribution ETF be worth today?
If you invested $1,000 in Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY) 5 years ago on 2021-08-02, your investment would be worth $1,122 as of 2026-07-30, representing a +12.2% total return, growing at a compounded rate of 2.3% per year (CAGR).
Has Roundhill S&P 500 Target 10 Managed Distribution ETF outperformed the S&P 500?
Comparison data requires at least 10 years of trading history. Use the calculator above to compare TPAY performance over available time periods.
What is Roundhill S&P 500 Target 10 Managed Distribution ETF's average annual return?
The compound annual growth rate (CAGR) of TPAY over the past 5 years is 2.3%, growing at a compounded rate each year. Individual years vary significantly — TPAY's best recent year was 2020 (+38.4%) and worst was 2022 (-34.6%).
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For informational and educational purposes only — not investment advice.
