Core Viewpoint - The Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) may face discussions regarding its long-term utility, particularly concerning its uncapped upside strategy [1] Group 1: ETF Characteristics - XPAY employs an uncapped upside strategy, which some may argue supports its long-term potential [1] Group 2: Analyst Background - The analyst has over 20 years of experience in quantitative research, financial modeling, and risk management, focusing on equity valuation and market trends [1] - The analyst previously held a Vice President position at Barclays, leading teams in model validation and stress testing [1] - The research is co-authored with a partner, combining strengths to deliver data-driven insights with a focus on macroeconomic trends and corporate earnings [1]