YETH utilizes a synthetic covered call strategy that seeks to provide current income on a monthly basis, while also providing exposure to the price of ether.
**Distribution Rate: 37.79%
*30-Day SEC Yield: TBD
(as of TBD)
The Fund currently expects, but does not guarantee, to make distributions on a monthly basis. These distributions may exceed the Fund’s income and gains for the Fund’s taxable year. Distributions in excess of the Fund’s current and accumulated earnings and profits will be treated as a return of capital. Distributions rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.
The Roundhill Ether Covered Call Strategy ETF (“YETH”) seeks to offer exposure to ether*, subject to a cap, while providing the potential for current income. YETH is an actively-managed ETF.
Income Potential - YETH seeks to generate monthly income through a synthetic covered call strategy on ether*.
Exposure to Ether - YETH seeks to offer exposure to ether*, subject to a monthly cap.
Actively Managed - YETH implements a synthetic covered call strategy, saving investors the time and expense of trading options themselves.
*The Fund does not invest directly in ether. The Fund does not invest in, or seek direct exposure to, the current “spot” or cash price of ether. Investors seeking direct exposure to the price of ether should consider an investment other than the Fund. The fund seeks to provide exposure to the price return of one or more exchange-traded funds that invest principally in ether futures contracts (the “Ether Futures ETF”). The fund is not suitable for all investors and involves a high degree of risk.
| Ticker | YETH |
|---|---|
| Primary Exchange | Cboe BZX |
| Expense Ratio | 0.95% |
| AUM | |
| Launch | 09/04/24 |
| ETF Options | Yes |
|---|---|
| CUSIP | 77926X841 |
| ISIN | US77926X8415 |
| Shares Outstanding | |
| Management Style | Active |
As of TBD
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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
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As of TBD
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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. 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.
As of TBD
| 30-Day SEC Yield* | TBD |
|---|---|
| Distribution Rate** | 37.79% |
| Distribution Frequency | Monthly |
*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".
**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.
The Fund currently expects, but does not guarantee, to make distributions on a monthly basis. These distributions may exceed the Fund’s income and gains for the Fund’s taxable year. Distributions in excess of the Fund’s current and accumulated earnings and profits will be treated as a return of capital. Distributions rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.
| Declaration | Ex Date | Record Date | Pay Date | |
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| Declaration | Ex Date | Record Date | Pay Date | Amount Paid |
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When did the Roundhill Ether Covered Call Strategy ETF (Cboe BZX: YETH) launch?
YETH began trading on September 4, 2024.
What are the fees for the Roundhill Ether Covered Call Strategy ETF?
The Fund’s gross expense ratio is 0.95% per year.
Can I trade options on the Roundhill Ether Covered Call Strategy ETF?
Yes, options trading is available for YETH.
Is the Roundhill Ether Covered Call Strategy ETF actively managed?
Yes, YETH is actively managed.
How often does YETH generate income?
YETH generates income monthly by selling call options and seeks to pay monthly distributions to shareholders.
What types of options does YETH use?
YETH utilizes European-style FLexible EXchange® Options (“FLEX options”).
YETH sells monthly FLEX call options on ether ETFs to generate income. In order to achieve its long exposure, YETH buys an at-the-money FLEX call and sells an at-the-money FLEX put put to achieve a synthetic long position on ether*.
What is a covered call strategy?
A covered call strategy involves holding a long position in an asset while selling call options on the same asset. The strategy aims to generate additional income from the option premiums, but limits the upside potential if the asset's price increases above the strike price.
YETH implements a “synthetic” long position by combining a long call option and short put option on ether ETFs, which when combined seek to replicate the price return of a traditional long position in an ether ETF.
(as of TBD)
**Distribution Rate:
37.79%
*30-Day SEC Yield:
TBD
The Fund currently expects, but does not guarantee, to make distributions on a monthly basis. These distributions may exceed the Fund’s income and gains for the Fund’s taxable year. Distributions in excess of the Fund’s current and accumulated earnings and profits will be treated as a return of capital. Distributions rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.
as of TBD
as of