The Fund is an actively managed exchange-traded fund (“ETF”) that seeks daily investment results, before fees and expenses, of two times (2X) the daily performance of the Meme Stock ETF. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day.
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 Stocks ETF and derivative instruments that utilize the Meme Stocks ETF as the reference asset. For purposes of compliance with this investment policy, derivative contracts will be valued at their notional value.
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.