Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF

Based on YieldCanary's health framework, TPAY is currently Severe Risk. The current data suggests extreme caution. The fund is showing significant NAV erosion alongside its distributions — the classic yield trap pattern where the advertised yield looks attractive while the underlying value quietly disappears. This is not financial advice — always do your own research and consult a qualified financial professional before making investment decisions.

YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.

Based on last month's actual distribution of $0.4220 per share, $10,000 invested in TPAY at the current price of $53.43 generates approximately 187 shares. That's $78.91 gross per month before taxes. Your after-tax income depends on your personal tax rate and account type. Set your rate inside YieldCanary to see your exact after-tax monthly income and connect your portfolio to see what all of your holdings generate together. Distributions change month to month based on options premiums and market conditions. Past distributions are not a guarantee of future payments.

YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.

YieldCanary's True Income Yield for TPAY is currently 5.48%. This is a distribution sustainability indicator — it strips the estimated return of capital portion from the headline TTM yield to show only what the fund generated from real investment activity. It is not an accounting measure of economic gain. Return of capital reduces your cost basis and full economic gain is only realized when you sell. TPAY's current ROC estimate is 0.0%. The full methodology breakdown is available inside YieldCanary. For confirmed ROC figures check the fund's official 19a-1 notice or your year-end 1099.

YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.

TPAY's Death Clock is currently N/A. This means no significant NAV erosion is detected at the current pace — the fund is not showing destructive return of capital behavior. N/A is the best possible Death Clock outcome.

YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.

TPAY's low ROC estimate of 0.0% means most distributions are generated from real investment activity rather than return of principal — one of the cleaner income profiles on the platform. Note: YieldCanary calculates ROC from performance data, not 19a-1 filings.

YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.

On YieldCanary, TPAY is currently Severe Risk with a 5.48% True Income Yield and a Death Clock of N/A. It pays Monthly distributions and has a 1-year price return of 5.92%. Similar funds from Roundhill Investments tracked on YieldCanary: Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF (QDTE) — currently Severe Risk; Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF (XDTE) — currently Watch; Roundhill Investments - S&P 500 Target 20 Managed Distribution ETF (XPAY) — currently Healthy Full side-by-side comparison including True Income Yield, Death Clock, ROC%, and after-tax income across all similar funds is available inside YieldCanary.

YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.

TPAY is a Monthly paying ETF. Distributions are paid once per month, which aligns well with monthly bills and expenses. Monthly payers are the most popular frequency among income investors for this reason. The most recent distribution was $0.4220 per share. To see exact upcoming ex-dividend and payment dates for TPAY in your portfolio, connect your holdings inside YieldCanary and check the Distribution Calendar.

YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.

TPAY currently has $2M in assets under management. TPAY is a smaller fund. While smaller AUM is not automatically a problem, funds with limited assets carry slightly more closure risk if assets decline significantly. Factor this into your position sizing. AUM alone does not determine whether a fund is healthy. Check the Canary Status and Death Clock above for the full sustainability picture.

YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.

Yes — TPAY can be held in a Roth IRA like any standard ETF, assuming your brokerage offers it. For income ETFs with high return of capital, a Roth IRA can be a particularly advantageous account type. ROC distributions reduce your cost basis in a taxable account, creating a deferred tax liability that grows over time. In a Roth IRA that tax treatment is irrelevant as all distributions are tax-free regardless of their character. This is not tax advice. Consult a tax professional about your specific situation and account type before making investment decisions.

YieldCanary calculates ROC from performance data, not 19a-1 filings. Not financial advice.