Roundhill Investments Announces ETF Distributions
PR Newswire
NEW YORK, June 26, 2024
NEW YORK, June 26, 2024 /PRNewswire/ -- Roundhill Investments, an ETF sponsor focused on innovative financial products, announced the following ETF distributions.
Weekly Distributions
Distribution
Per Share Distribution Pay Distribution
Fund Name Ticker (%)(*) Per Share Ex-Date Date Frequency
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Roundhill
S&P 500
0DTE
Covered
Call
Strategy
ETF XDTE 0.50 % $0.263798 6/27/24 6/28/24 Weekly
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Roundhill
N-100 0DTE
Covered
Call
Strategy
ETF QDTE 0.78 % $0.354811 6/27/24 6/28/24 Weekly
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Monthly Distributions
Distribution Pay Distribution
Fund Name Ticker Distribution Rate(**) Per Share Ex-Date Date Frequency
---------- ------- --------------------- ------------ ------- ------- ------------
Roundhill
Bitcoin
Covered
Call
Strategy
ETF YBTC 22.94 % $0.912425 6/27/24 6/28/24 Monthly
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Quarterly Distributions
Distribution Pay Distribution
Fund Name Ticker Distribution Rate(**) Per Share Ex-Date Date Frequency
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Roundhill S&P
Dividend
Monarchs
ETF KNGS 2.96 % $0.200045 6/27/24 6/28/24 Quarterly
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Semi-Annual Distributions
Distribution Distribution Pay Distribution
Fund Name Ticker Rate(**) Per Share Ex-Date Date Frequency
------------- ------- ------------ ------------ ------- ------- ------------
Roundhill
Alerian LNG
ETF LNGG 3.94 % $0.522258 6/27/24 6/28/24 Semi-Annual
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The 30-Day SEC Yield*** (as of 5/31/24) for the Roundhill S&P 500$(R)$ 0DTE Covered Call Strategy ETF and the Roundhill N-100 0DTE Covered Call Strategy ETF are -0.51% and -0.36%, respectively.****
The Distribution Rate(**) (as of 6/25/2024) and the 30-Day SEC Yield(***) (as of 5/31/24) for the Roundhill Bitcoin Covered Call Strategy ETF are 22.94% and 4.08%, respectively.
The Distribution Rate(**) (as of 6/25/2024) and the 30-Day SEC Yield(***) (as of 5/31/24) for the Roundhill S&P(R) Dividend Monarchs ETF are 2.96% and 2.58%, respectively.
The Distribution Rate(**) (as of 6/25/2024) and the 30-Day SEC Yield(***) (as of 5/31/24) for the Roundhill Alerian LNG ETF are 3.94% and 2.94%, respectively.
The Gross Expense Ratio for XDTE, QDTE and YBTC is 0.95%, KNGS is 0.35%, LNGG is 0.65%.
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, YBTC, KNGS, LNGG.
The Funds currently expect, but do not guarantee, to make distributions on a weekly basis and a monthly basis, respectively. 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.
As of the most recent distributions by the funds, the distribution composition was estimated to be 100% return of capital. Please see the 19a-1 notices for more information.
*The Distribution Per Share (%) is calculated by dividing the most recent distribution by the fund NAV as of market close on June 25, 2024.
**Distribution Rate: The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV.
**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 unique 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 XDTE prospectus.
Click here for the QDTE prospectus.
Click here for the YBTC prospectus.
Click here for the KNGS prospectus.
Click here for the LNGG 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.
QDTE & XDTE
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.
YBTC
Bitcoin Futures ETF Risks. The Fund will have significant exposure to the Bitcoin Futures ETF through its options positions that utilize the Bitcoin Futures ETF as the reference asset. Accordingly, the Fund will subject to the risks of the Bitcoin Futures ETF, set forth below.
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