Stay invested in equity markets with XPAY. The Roundhill S&P 500® Target 20 Managed Distribution ETF (XPAY) seeks to provide exposure to the return of the S&P 500® Index while offering a tax-efficient monthly distribution.
(as of )
**Distribution Rate: TBD
*30-Day SEC Yield: TBD
The Fund intends to declare and pay monthly distributions to shareholders at an annualized distribution rate of 20% that is based on the closing NAV of the Fund on the final business day of December each calendar year, although this policy may be amended at any time. It is anticipated that such distributions will consist entirely of return of capital. Insofar as the Fund has net investment income in a given year, such net investment income will be paid out via an additional distribution some or all of which will not be characterized as return of capital.
The Roundhill S&P 500® Target 20 Managed Distribution ETF (“XPAY”) is designed to pay monthly return of capital distributions to shareholders at an annualized rate of twenty percent, while providing exposure to the S&P 500®. XPAY is an actively-managed ETF.
There is no guarantee that the Fund will be able to manage its income so that all or a majority of its distributions will be return of capital.
Return of capital represents a return of a portion of a Fund shareholder’s invested capital and is not taxable in the year it is received unless the distribution exceeds a shareholder’s basis in the Fund. However, a return of capital may result in an increase in a later gain on a sale of Fund Shares or a reduction of a loss.
Because a significant portion of the Fund’s distributions will consist of return of capital, the Fund may not be an appropriate investment for investors who do not want their principal investment in the Fund to decrease over time or who do not wish to receive return of capital in a given period.
Consistent Distributions1 - XPAY seeks to offer consistent and predictable monthly distribution payments to shareholders at a rate of 20% annualized.2
Tax Efficient - XPAY seeks to target 100% return of capital distributions.
Total Return Potential - XPAY seeks to match the total return of the S&P 500®.
1The Fund intends to declare and pay monthly distributions to shareholders at an annualized distribution rate of 20% that is based on the closing NAV of the Fund on the final business day of December each calendar year, although this policy may be amended at any time. It is anticipated that such distributions will consist entirely of return of capital. Insofar as the Fund has net investment income in a given year, such net investment income will be paid out via an additional distribution some or all of which will not be characterized as return of capital. The targeted annual distribution rate is not guaranteed and may be decreased or increased in the future.
2Distribution rate based on starting period NAV.
| Ticker | XPAY |
|---|---|
| Primary Exchange | NYSE Arca |
| Expense Ratio | 0.49% |
| AUM | TBD |
| Launch | 10/31/2024 |
| ETF Options | No |
|---|---|
| CUSIP | 77926X858 |
| ISIN | US77926X8589 |
| Shares Outstanding | TBD |
| Management Style | Active |
As of
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ETF holdings and allocations are subject to change at any time and should not be interpreted as an offer of these securities.
As of 10/31/2024
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The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. For the most recent month-end performance, please call (855) 561-5728. You cannot invest directly in an index. Shares are bought and sold at market price (closing price), not net asset value (NAV), and are individually redeemed from the Fund. Market performance is determined using the Primary Exchange official closing price. Brokerage commissions will reduce returns.
As of
| 30-Day SEC Yield* | TBD |
|---|---|
| Distribution Rate** | TBD |
| Distribution Frequency | Monthly |
*30-Day SEC Yield: Yield calculation that reflects the dividends and interest earned during the period after the deduction of the fund’s expenses. It is also referred to as the "standardized yield".
**Distribution Rate: The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV.
The Fund intends to declare and pay monthly distributions to shareholders at an annualized distribution rate of 20% that is based on the closing NAV of the Fund on the final business day of December each calendar year, although this policy may be amended at any time. It is anticipated that such distributions will consist entirely of return of capital. Insofar as the Fund has net investment income in a given year, such net investment income will be paid out via an additional distribution some or all of which will not be characterized as return of capital.
| Ex Date | Record Date | Pay Date | ||
|---|---|---|---|---|
When did the Roundhill S&P 500® Target 20 Managed Distribution ETF (NYSE: XPAY) launch?
XPAY began trading on October 31, 2024.
What are the fees for the Roundhill S&P 500® Target 20 Managed Distribution ETF?
The Fund’s gross expense ratio is 0.49% per year.
Can I trade options on the Roundhill S&P 500® Target 20 Managed Distribution ETF?
No, options trading is not yet available for XPAY.
Is the Roundhill S&P 500® Target 20 Managed Distribution ETF actively managed?
Yes, XPAY is actively managed.
What are Roundhill Managed Distribution ETFs?
Roundhill’s suite of Managed Distribution ETFs are first-of-a-kind ETFs designed to provide exposure to equities while seeking to provide investors with monthly return of capital distributions.
There is no guarantee that the Fund will be able to manage its income so that all or a majority of its distributions will be return of capital.
What are Return of Capital Distributions?
Return of capital distributions are distributions made out of principal rather than dividend income, interest income, or capital gains.
(as of )
**Distribution Rate:
TBD
*30-Day SEC Yield:
TBD
The Fund intends to declare and pay monthly distributions to shareholders at an annualized distribution rate of 20% that is based on the closing NAV of the Fund on the final business day of December each calendar year, although this policy may be amended at any time. It is anticipated that such distributions will consist entirely of return of capital. Insofar as the Fund has net investment income in a given year, such net investment income will be paid out via an additional distribution some or all of which will not be characterized as return of capital.
as of TBD
as of TBD