---
ticker: "TPAY"
name: "Roundhill Investments - S&P 500 Target 10 Managed Distribution ETF"
url: "https://etf.net/etf/TPAY"
grade: "C"
score: 40
graded_at: "2026-10-12"
category: "S&P 500 Option Income"
category_rank: "40 of 52"
methodology: "https://etf.net/methodology"
---

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

Grade **C**, Score 40 of 100. Rank 40 of 52 in S&P 500 Option Income.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 66 | 18 of 52 |
| Mission | Not scored | — |
| Risk | 46 | 28 of 52 |
| Tradability | 31 | 42 of 52 |
| Holdings | 44 | 26 of 41 |
| Durability | 31 | 48 of 52 |

## Top holdings

The fund holds 4 positions. These are the largest 4, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | 4SPY  270312C00033670 | Spy 03/12/2027 33.67 C | 59.14% |
| 2 | 4SPY  270416C00033180 | Spy 04/16/2027 33.18 C | 31.80% |
| 3 | 4SPYM 270312C00003330 | Spym 03/12/2027 3.33 C | 4.85% |
| 4 | — | Cash & Other | 4.21% |

Source: etf.net, https://etf.net/etf/TPAY. Please cite the page URL.