TOPW

Chicago Board Options Exchange

Roundhill Investments - Top WeeklyPay ETF

Roundhill Investments · Inception 2025-09-04 · SEC filings

$34.20−0.43 (−1.26%)

As of Sep 23, 2026, 2:15 PM EDT

Expense ratio: 1.28%
Fund size: $146M
1Y return: —
Yield · Last 12 months: 53.63%
Volume · 30D: 0.1M sh
NAV per share: $34.59
52W range: low $31.65high $56.50

Our read on TOPW

ETF.net Research

Roundhill packs its WeeklyPay ETFs, each tied to one of the 25 largest U.S. companies, into a single ticker built to pay on a weekly schedule. An income-first wrapper with a fee to match.

Stated mandate

TOPW seeks to track, before fees and expenses, the Solactive Roundhill WeeklyPay Universe Index. It is designed to invest in WeeklyPay ETFs linked to the 25 largest U.S. companies by market capitalization and to make weekly distributions.

Why people hold it

01Pays weekly, not monthly or quarterly. In a category where monthly is the norm, that cadence is the whole pitch.roundhillinvestments.com
02One ticker for the entire WeeklyPay lineup instead of buying and rebalancing a stack of single-company funds yourself.roundhillinvestments.com
03Rules-based, not manager-picked: it tracks the Solactive Roundhill WeeklyPay Universe Index, so the mega-cap lineup follows a published methodology.roundhillinvestments.com

Worth knowing

01The 1.28% expense ratio sits well above what most options-income funds charge, and it stacks on top of the underlying WeeklyPay funds it holds.
02Roundhill discloses that payouts can include return of capital, meaning part of a distribution may be your own money coming back rather than income earned.roundhillinvestments.com
03Launched September 2025, so its record does not yet span a full market cycle. Concentrated mega-cap exposure means drawdowns arrive together.

TOPW Holdings

As of Sep 20, 2026, 5:42 AM

Asset class: Stocks
Holdings: —
Top-10 weight: 95%
Largest holding: NVDW14.9%

Geography

United States100.00%

The fund’s holdings, weight-ordered — page 1 of 1.
#	Ticker	Company	Weight %	Shares	Market value	In ETFs
001	NVDW	Roundhill NVDA WeeklyPay ETF	14.94%	583,464	$21M	1
002	AAPW	Roundhill AAPL WeeklyPay ETF	14.16%	486,819	$20M	1
003	MSFW	Roundhill MSFT WeeklyPay ETF	12.15%	557,789	$17M	1
004	AMZW	Roundhill AMZN WeeklyPay ETF	10.17%	410,718	$14M	1
005	GOOW	Roundhill GOOGL WeeklyPay ETF	9.14%	212,919	$13M	1
006	AVGW	Roundhill AVGO WeeklyPay ETF	8.53%	366,618	$12M	1
007	METW	Roundhill META WeeklyPay ETF	7.64%	408,819	$11M	1
008	TSLW	Roundhill TSLA Weeklypay ETF	6.86%	549,497	$10M	1
009	AMDW	Roundhill AMD WeeklyPay ETF	6.13%	93,308	$9M	1
010	BRKW	Roundhill BRKB WeeklyPay ETF	5.50%	201,620	$8M	1
011	COSW	Roundhill COST WeeklyPay ETF	4.13%	162,797	$6M	1
012	—	Cash & Other	0.62%	878,062	$878K	674
013	FGXXX	First American Government Obligations Fund 12/01/2031	0.02%	33,254	$33K	86

Showing 1–13 of 13 holdings

TOPW Performance

TOPW$11,146

$10,415

Jun 22, 2026 – Sep 22, 2026

Trailing total return for TOPW. Periods over one year show the average yearly return.
Period	TOPW
Year to dateHistory unavailable	—
1 month	+8.0%
3 months	+11.5%
1 yearHistory unavailable	—
3 yearsFund is under 3 years old	—per year
5 yearsFund is under 5 years old	—per year
10 yearsFund is under 10 years old	—per year

As of the Sep 22, 2026 close, with distributions reinvested.

Annual total returns for TOPW
Year	Return bar	TOPW
2026 YTD		+17.7%

History from Feb 25, 2026

TOPW in the news

ETF.net Research hasn’t filed on TOPW yet — coverage lands here as it’s written.

TOPW Dividends

: 53.63%Last 12 months
Payout per share: $18.58Last 12 months

Upcoming payment: $0.23 per share
Pays on: Sep 23, 2026
: Sep 22, 2026
Frequency: Weekly

Distribution history

2026

Ex-date	Pay date	Amount per share
Sep 22, 2026	Pays Sep 23, 2026	$0.23
Sep 15, 2026	Sep 16, 2026	$0.22
Sep 9, 2026	Sep 10, 2026	$0.25
Sep 1, 2026	Sep 2, 2026	$0.19
Aug 25, 2026	Aug 26, 2026	$0.20
Aug 18, 2026	Aug 19, 2026	$0.29
Aug 11, 2026	Aug 12, 2026	$0.23
Aug 4, 2026	Aug 5, 2026	$0.21
Jul 28, 2026	Jul 29, 2026	$0.23
Jul 21, 2026	Jul 22, 2026	$0.31
Jul 14, 2026	Jul 15, 2026	$0.30
Jul 7, 2026	Jul 8, 2026	$0.16

TOPW Risk

: —; No data available; How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
: —; No data available; How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
: —; No data available; How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
: 1.74; vs its asset-class index; How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TOPW Cost

Expense Ratio: 1.28%

TOPW

Why people hold it

Worth knowing

Growth of $10,000Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Trailing returnsReturns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Annual returnsCalendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Distribution history