TPAY – Roundhill S&P 500 Target 10 Mgd Dis ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to pay monthly return of capital distributions to shareholders at an annualized rate of ten percent (10%); the secondary investment objective being exposure to the return of an index composed of U.S.-listed large cap equity securities. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in SPY FLEX Options. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TPAY	Roundhill S&P 500 Target 10 Managed Distribution ETF	ETF	Open	—	—	Feb 17, 2026	$1.62M	0.490%	—	—	—

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