Invest in the neocloud companies powering AI infrastructure. The Roundhill Neocloud ETF (NCLD) offers actively managed exposure to GPU-as-a-Service platforms and AI data centers that support high-performance computing.
(as of 08/06/2026)
Roundhill believes AI compute demand is outpacing supply, positioning neocloud companies to potentially capture the shortfall. The Roundhill Neocloud ETF (NCLD) seeks to offer exposure to a targeted basket of neocloud companies. NCLD is an actively managed ETF.
Toll Roads of AI - Neocloud providers typically lock in multi-year compute contracts, generating potentially steadier, more predictable revenue than the on-demand model of traditional cloud.
Accelerating Compute Demand - Morgan Stanley estimates roughly $2.9 trillion in global data center construction through 2028, driven by compute demand that vastly exceeds supply.1
Pure Play - NCLD seeks to offer precise exposure to the leading neoclouds.
| Ticker | NCLD |
|---|---|
| Primary Exchange | Nasdaq |
| Expense Ratio | 0.65% |
| AUM | $1.00MM |
| Launch | 08/6/2026 |
| # of Holdings |
| ETF Options | No |
|---|---|
| CUSIP | 77926Y880 |
| ISIN | US77926Y8802 |
| Shares Outstanding | 40,000 |
| Management Style | Active |
As of 08/06/2026
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ETF holdings and allocations are subject to change at any time and should not be interpreted as an offer of these securities.
As of 08/06/2026
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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 month-end performance, please call (855) 561-5728. You cannot invest directly in an index. Shares are bought and sold at market price (closing price), not net asset value (NAV), and are individually redeemed from the Fund. Market performance is determined using the Primary Exchange official closing price. Brokerage commissions will reduce returns.
NCLD’s median bid-ask spread is rounded to the nearest hundredth and computed by (1) identifying the exchange-traded fund's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days, (2) dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer, and (3) identifying the median of those values.
As of 08/06/2026
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| Distribution Frequency | Annual |
*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".
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When did the Roundhill Neocloud ETF (Nasdaq: NCLD) launch?
NCLD began trading on August 6, 2026.
What are the fees for the Roundhill Neocloud ETF?
The Fund’s gross expense ratio is 0.65% per year.
Can I trade options on the Roundhill Neocloud ETF?
No, options trading is not yet available for NCLD.
Is the Roundhill Neocloud ETF actively managed?
Yes. However, the Fund’s turnover is generally expected to be limited to quarterly rebalancing.
Why does the Roundhill Neocloud ETF invest in total return swaps?
The Fund utilizes total return swaps in order to maintain compliance with RIC diversification tests. The Fund intends to qualify as a Regulated Investment Company for tax purposes.
What are neocloud stocks?
Neocloud companies are companies with at least 50% of their revenues, contracted backlog or committed capital expenditure programs attributable to the research, development, construction, operation or commercialization of one or more of the following neocloud technologies and services:
What's the difference between neocloud companies and traditional cloud companies?
Neocloud companies deliver computing power purpose-built for AI and high-performance workloads, typically through data centers designed specifically for GPU density, advanced cooling, and power. Traditional cloud providers offer a broad range of computing services, including storage, software, databases, and networking, and generally sell much of that capacity through variable, on-demand pricing, as opposed to the multi-year contracts for neoclouds.
(as of 08/06/2026)
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