At a glance
PLTW charges 0.99% a year. It has $102.3M in assets; it paid 62.57% of its price in distributions over the past 12 months, monthly. Over the past year it returned −4.2% with distributions reinvested.
The short version
Roundhill PLTR WeeklyPay ETF (PLTW) is an actively managed fund that uses total return swaps and Palantir Technologies (PLTR) shares to deliver about 1.2 times Palantir's weekly return. Its exposure resets every week, and it pays a distribution every week. The trailing 12-month yield was 62.57% as of October 27, 2026. Much of that payout is meant to be a return of the investor's own capital, and the fund charges 0.99% a year.
Price history
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PLTW -4.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| PLTW price data to Oct 27, 2026 | +5.4% | -4.2% | — | — | — | +35.1% |
- Over the year to Oct 27, 2026, PLTW returned -4.2%.
- The deepest fall in its price history was 57.4% (Nov 3, 2025 to Jun 25, 2026), not yet recovered.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +5.4% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $10.8200 |
What's inside
As of Jun 30, 2026, the fund held 2 securities; the ten largest made up 124.33% of assets.
| Holding | Weight | |
|---|---|---|
| TREASURY BILL Bonds and notes | 104.44% | |
| Palantir Technologies Inc | 19.89% |
By country
United States 124.33%By issuer
US Treasury 104.44%Companies 19.89%The bonds mature in 0 years on average (weighted by size), with an average coupon of 0%.
Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors added a net $12.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -6.70%, +14.55%, -30.37%.
How it works
Roundhill's actively managed fund centers on Palantir Technologies (PLTR). It aims for about 1.2 times (120%) Palantir's total return each calendar week while paying weekly distributions. It holds Palantir shares plus total return swaps, contracts in which a financial firm passes Palantir's gains and losses to the fund for a fee. Treasury bills and money market funds serve as collateral. As of June 30, 2026, Treasury bills equaled about 104% of net assets, Palantir shares about 20% and the swap about minus 24%.
That leverage resets to about 1.2 times at the close of each week's last trading day. A weekly gain or loss in Palantir should come out roughly 20% larger in the fund. Over longer periods, compounding means results can differ widely from 1.2 times Palantir's return. A one-week drop of 83.33% in Palantir could wipe out the fund, and it takes no defensive positions.
Each week's payout comes from a formula using Palantir's recent return and implied volatility (the options market's estimate of future price swings), so it varies. Roundhill intends, without guarantee, for much of it to be return of capital, meaning part of your money handed back. Such payouts aren't taxed when paid unless they exceed your cost basis, but they can raise your taxable gain when you sell.
What it really costs
- PLTW charges 0.99% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $101 in the first year and $1,213 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| PLTW | $101 | $315 | $547 | $1,213 |
Structure and tax notes
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
PLTW is a leveraged bet on one software stock with very large price swings, so it could play only a small, high-risk role.
PLTW launched on February 19, 2025. It has no record through the 2008, 2020 or 2022 downturns, and it has not yet completed a full calendar year. Its deepest drop was 57.4%, from November 3, 2025 to June 25, 2026, and it had not recovered as of October 27, 2026. Its volatility over the year to that date was 70.8%. Anyone who had to sell shares or draw cash near that low would have locked in heavy losses. The trailing 12-month yield of 62.57% comes from weekly payouts that change each week. Much of it is meant to be return of capital, not investment earnings. Costs are 0.99% a year, which works out to $101 on $10,000 in the first year under the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want weekly exposure to Palantir at about 1.2 times its return and accept losses about 20% larger in down weeks.
- Holders who want weekly cash payouts from a small satellite position and understand that much of each payout is meant to be return of capital.
- Investors who watch their positions closely and understand weekly leverage resets, total return swaps and counterparty risk.
Look elsewhere if
- Retirees who need steady income: payouts change weekly, and the fund fell 57.4% between November 2025 and June 2026.
- Anyone wanting diversification: PLTW is non-diversified and tied to a single software company, Palantir Technologies.
- Cost-conscious long-term investors: the 0.99% expense ratio adds up to $1,213 on $10,000 over 10 years in the SEC example.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
No close alternatives found.
Questions investors ask
Does PLTW pay weekly dividends?
Yes. According to its prospectus, PLTW pays a distribution every week. The amount comes from a formula that uses Palantir's recent return and implied volatility, so it changes from week to week. Over the 12 months to October 27, 2026, payouts totaled $15.84 per share, a 62.57% trailing yield. The adviser intends much of each payout to be return of capital, which is part of your own money handed back, rather than income the fund earned.
Is PLTW a leveraged ETF?
Yes. PLTW aims to return about 1.2 times Palantir's return over each calendar week. It gets this exposure mainly through total return swaps. Exposure resets to about 120% at the close of the last trading day of each week, so returns over longer periods can differ from 1.2 times Palantir's return. The prospectus warns that the fund could lose all its value if Palantir fell 83.33% in a single week.
What's the difference between PLTW and owning Palantir stock?
The prospectus says it plainly: an investment in PLTW is not an investment in Palantir. The fund holds Treasury bills, some Palantir shares and swaps with banks. Together they aim for about 1.2 times Palantir's weekly return, plus weekly payouts. Unlike owning the stock directly, PLTW charges a 0.99% annual expense ratio. It also exposes holders to the risk that a swap counterparty won't pay, and its losses in down weeks should be larger than Palantir's.
Is PLTW good for retirement income?
PLTW carries far more risk than a typical income fund. Its 62.57% trailing yield as of October 27, 2026 sounds high, but much of that is meant to be return of capital, and payouts change every week. The fund fell 57.4% between November 3, 2025 and June 25, 2026 and had not recovered by October 27, 2026. Anyone drawing income from it during a slump would be selling into steep losses.
What does PLTW hold?
As of June 30, 2026, PLTW held US Treasury bills worth about 104% of net assets and Palantir Technologies shares worth about 20%. It also had a total return swap on Palantir valued at about −24%, which reflects a loss on the contract at that date. The Treasury bills back up the swap. Net assets were about $102.3 million. The fund is concentrated in the software & services industry group.