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Roundhill S&P 500 Target 20 Managed Distribution ETFRoundhill S&P 500 Target 20 Managed Distribution ETFRoundhill S&P 500 Target 20 Managed Distribution ETF

Roundhill S&P 500 Target 20 Managed Distribution ETF

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Key stats


Assets under management (AUM)
‪46.64 M‬ USD
Fund flows (1Y)
‪46.88 M‬ USD
Dividend yield (indicated)
21.07%
Discount/Premium to NAV
−0.10%
Shares outstanding
‪850.00 K‬
Expense ratio
0.49%

About Roundhill S&P 500 Target 20 Managed Distribution ETF


Issuer
Roundhill Financial, Inc.
Brand
Roundhill
Home page
roundhillinvestments.com
Inception date
Oct 31, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Synthetic
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Roundhill Financial, Inc.
Distributor
Foreside Fund Services LLC
ISIN
US77926X8589
XPAY is designed for investors who do not mind that their principal invested erodes over time through the distribution payments. The fund aims to pay a monthly return of capital to shareholders at an annualized rate of twenty percent, while providing exposure to the S&P 500. If a strategy that is used to generate cash distributions cannot be characterized as a return of capital, the fund will incur tax liabilities which would negatively affect the returns and the ability to pay distributions. Substantially all of the funds assets will be invested in SPY FLEX call options that are deep in-the-money at the time of investment. The positions will be actively traded to pursue the funds objective. There is no guarantee the fund will meet its objective.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance——————
NAV total return——————

What's in the fund


As of August 28, 2025
Exposure type
Bonds, Cash & Other
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.58%
Mutual fund0.45%
Cash−0.03%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently Asked Questions


XPAY last dividends amounted to 0.95 USD. The month before, the issuer paid 0.95 USD in dividends,
XPAY assets under management is ‪46.64 M‬ USD. It's risen 19.34% over the last month.
XPAY fund flows account for ‪46.88 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, XPAY pays dividends to its holders with the dividend yield of 21.07%. The last dividend (Aug 7, 2025) amounted to 0.95 USD. The dividends are paid monthly.
XPAY shares are issued by Roundhill Financial, Inc. under the brand Roundhill. The ETF was launched on Oct 31, 2024, and its management style is Active.
XPAY expense ratio is 0.49% meaning you'd have to pay 0.49% of your investment to help manage the fund.
XPAY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
XPAY invests in funds.
XPAY price has risen by 0.64% over the last month, and its yearly performance shows a −6.94% decrease. See more dynamics on XPAY price chart.
NAV returns, another gauge of an ETF dynamics, showed a 9.58% increase in three-month performance and has increased by 10.07% in a year.
XPAY trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.