BATS · Active · options-income

Roundhill S&P 500 Target 10 Managed Distribution ETF

Roundhill Financial Inc.

Weighted score · 3.10 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · 100% ROC

Expense Ratio

0.49% gross

1Y Return

vs underlying

Sharpe

Max DD -8.6%

The Fund's primary investment objective is to pay monthly return of capital distributions to shareholders at an annualized rate of ten percent (10%).

The Fund seeks to provide exposure to the S&P 500® Index while making monthly distribution payments equal to an annualized rate of 10% by investing at least 80% of its net assets in deeply in-the-money purchased call FLEX Options on the SPY ETF (SPY FLEX Options). The Adviser seeks to maximize the portion of distributions categorized as return of capital, targeting 100% return of capital treatment. The monthly distribution per share is set annually based on the Fund's NAV on the last business day of December, divided by twelve. The Fund is actively managed and employs tax-sensitive strategies, including tax loss harvesting, to generate cash for distributions.

The Fund invests at least 80% of its net assets (valued at notional value) in purchased call SPY FLEX Options that are deeply in-the-money at the time of investment. These FLEX Options are exchange-listed, OCC-guaranteed, cash-settled European-style options with customizable strike price and expiration date. The options are the primary vehicle for gaining S&P 500 exposure, with the Adviser actively managing and selectively selling positions to generate cash for monthly distributions.

NAV HISTORY · FEB '26 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

Share of each distribution you’d need to reinvest just to hold NAV flat. 0% — the fund is covering its payout without eroding NAV.

Composition · Recent Distribution

Tax Treatment — Ordinary Income

ORDINARY INCOME

Distribution Composition (Recent)

ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.

Composition · Narrative

Per the fund's most recent 19a-1 notice (as stated on the issuer fund page), the estimated distribution is 100% return of capital.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Liquidity

Estimated bid/ask spread ~0.03% (very tight). Average daily dollar volume ~$0.0M (thin). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.

AUM ($)