Roundhill S&P 500 Target 10 Managed Distribution ETF (TPAY)

The Roundhill S&P 500 Target 10 Managed Distribution ETF is a fund from Roundhill Investments that provides exposure to the S&P 500 while following a managed distribution policy.

As its name indicates, the fund targets annual distributions of about 10% of its value, paid out in regular installments, and it may use options on the S&P 500 to help generate that income. Distributions can include a return of capital when income falls short of the target. Roundhill Investments is an ETF issuer based in New York.