NEW
YORK, Oct. 16, 2024 /PRNewswire/
-- Roundhill Investments, an ETF sponsor focused on innovative
financial products, has announced the following ETF distributions
for XDTE, QDTE, and RDTE.
Fund
Name
|
Ticker
|
Distribution
Per Share
(%)*
|
Distribution
Per
Share
|
30-Day SEC
Yield**
|
Ex-Date
|
Pay
Date
|
Roundhill S&P 500
0DTE Covered Call Strategy ETF
|
XDTE
|
0.41 %
|
$0.217068
|
-0.43 %
|
10/17/24
|
10/18/24
|
Roundhill
Innovation-100 0DTE Covered Call Strategy ETF
|
QDTE
|
0.75 %
|
$0.318116
|
-0.41 %
|
10/17/24
|
10/18/24
|
Roundhill Small Cap
0DTE Covered Call Strategy ETF
|
RDTE
|
0.70 %
|
$0.306793
|
N/A
|
10/17/24
|
10/18/24
|
The 30-Day SEC Yield** (as of 9/30/24) for the Roundhill S&P
500® 0DTE Covered Call Strategy ETF and the Roundhill
Innovation-100 0DTE Covered Call Strategy ETF are -0.43% and
-0.41%, respectively.***
The 30-Day SEC Yield** for the Roundhill Small Cap 0DTE Covered
Call Strategy ETF was not yet available.
The Gross Expense Ratio for XDTE, QDTE and RDTE is 0.95%.
The performance data quoted represents past performance. Past
performance does not guarantee future results. Current performance
may be lower or higher than the performance data quoted. The
investment return and principal value of an investment will
fluctuate so that an investor's shares, when sold or redeemed, may
be worth more or less than their original cost. Returns less than
one year are not annualized. For the most recent standardized and
month-end performance, please click here: XDTE, QDTE,
RDTE.
The Funds currently expect, but do not guarantee, to make
distributions on a weekly basis. Distributions may exceed the
Funds' income and gains for the Funds' taxable year. Distributions
in excess of the Funds' current and accumulated earnings and
profits will be treated as a return of capital. Distribution rates
caused by unusually favorable market conditions may not be
sustainable. Such conditions might not continue to exist and
there should be no expectation that this performance will be
repeated in the future. Please see the Supplemental Tax
Information section of the webpage for more information on the
distribution composition including the estimated return of
capital.
*The Distribution Per Share (%) is calculated by dividing the
most recent distribution by the fund NAV as of market close on
10/4/24.
**30-Day SEC Yield: Yield calculation that reflects the
dividends and interest earned during the period after the deduction
of the fund's expenses. It is also referred to as the "standardized
yield".
About Roundhill Investments:
Founded in 2018, Roundhill Investments is an SEC-registered
investment advisor focused on innovative exchange-traded funds.
Roundhill's suite of ETFs offers distinct and differentiated
exposures across thematic equity, options income, and trading
vehicles. Roundhill offers a depth of ETF knowledge and experience,
as the team has collectively launched more than 100+ ETFs including
several first-to-market products. To learn more about the company,
please visit roundhillinvestments.com.
This material must be preceded or accompanied by a
prospectus.
Click here for the QDTE prospectus.
Click here for the XDTE prospectus.
Click here for the RDTE prospectus.
All investing involves risk, including the risk of loss of
principal. There is no guarantee the investment strategy will be
successful. The funds faces numerous risks, including options
risk, liquidity risk, market risk, cost of futures investment risk,
clearing broker risk, commodity regulatory risk, futures contract
risk, active management risk, active market risk, clearing broker
risk, credit risk, derivatives risk, legislation and litigation
risk, operational risk, trading issues risk, valuation risk and
non-diversification risk. For a detailed list of fund risks see the
prospectus.
Covered Call Strategy Risk. A covered call strategy
involves writing (selling) covered call options in return for the
receipt of premiums. The seller of the option gives up the
opportunity to benefit from price increases in the underlying
instrument above the exercise price of the options, but continues
to bear the risk of underlying instrument price declines. The
premiums received from the options may not be sufficient to offset
any losses sustained from underlying instrument price declines,
over time. As a result, the risks associated with writing covered
call options may be similar to the risks associated with writing
put options. Exchanges may suspend the trading of options during
periods of abnormal market volatility. Suspension of trading may
mean that an option seller is unable to sell options at a time that
may be desirable or advantageous to do.
Flex Options Risk. The Fund will utilize FLEX Options
issued and guaranteed for settlement by the Options Clearing
Corporation (OCC). In the unlikely event that the OCC becomes
insolvent or is otherwise unable to meet its settlement
obligations, the Fund could suffer significant losses.
Additionally, FLEX Options may be less liquid than standard
options. In a less liquid market for the FLEX Options, the Fund may
have difficulty closing out certain FLEX Options positions at
desired times and prices. The values of FLEX Options do not
increase or decrease at the same rate as the reference asset and
may vary due to factors other than the price of reference
asset.
0DTE Options Risk.*** The Fund's use of zero days to
expiration, known as "0DTE" options, presents additional risks. Due
to the short time until their expiration, 0DTE options are more
sensitive to sudden price movements and market volatility than
options with more time until expiration. Because of this, the
timing of trades utilizing 0DTE options becomes more critical.
Although the Fund intends to enter into 0DTE options trades on
market open, or shortly thereafter, even a slight delay in the
execution of these trades can significantly impact the outcome of
the trade. Such options may also suffer from low liquidity, making
it more difficult for the Fund to enter into its positions each
morning at desired prices. The bid-ask spreads on 0DTE options can
be wider than with traditional options, increasing the Fund's
transaction costs and negatively affecting its returns.
Additionally, the proliferation of 0DTE options is relatively new
and may therefore be subject to rule changes and operational
frictions. To the extent that the OCC enacts new rules relating
to 0DTE options that make it impractical or impossible for the Fund
to utilize 0DTE options to effectuate its investment strategy, it
may instead utilize options with the shortest remaining maturity
available or it may utilize swap agreements to provide the desired
exposure.
Roundhill Financial Inc. serves as the investment advisor. The
Funds are distributed by Foreside Fund Services, LLC which is not
affiliated with Roundhill Financial Inc., U.S. Bank, or any of
their affiliates.
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SOURCE Roundhill Investments