The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objectives through a covered call strategy, pursuant to which the Fund purchases shares of the Meme Stock ETF and simultaneously sells out-of-the-money call options that utilize the Meme Stock ETF as the reference asset, providing for current income on a weekly basis.
The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in instruments that provide exposure to “Meme Stocks.” Such instruments include shares of the Meme Stock ETF and derivative instruments that utilize the Meme Stock ETF as the reference asset. For purposes of compliance with this investment policy, derivative contracts will be valued at their notional value. In addition to the options contracts, the Fund will also invest in short-term U.S. Treasury securities, ETFs that hold short-term U.S. Treasury securities, and money market funds.
The Fund will not concentrate (i.e., invest more than 25% of its total assets) its investments in securities of issuers in any industry or group of industries. The Fund is classified as “non-diversified” under the Investment Company Act of 1940 (the “1940 Act”).
Investors should consider the investment objectives, risk, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about Roundhill ETFs please call 1-855-561-5728 or visit the website at www.roundhillinvestments.com/etf/. Read the prospectus or summary prospectus carefully before investing.