BYTE

The Digital Infrastructure ETF

Why Invest in the BYTE Digital Infrastructure ETF?

Roundhill believes that the proliferation of the internet may lead to increased demand for digital infrastructure services, providing a compelling investment thesis.

BUY BYTE
ETF Details

as of TBD

Ticker BYTE
Primary Exchange NYSE
Expense Ratio 0.75%
AUM $1.5MM
Shares Outstanding 100,000
Launch 10/28/2021
# of Holdings 40
ETF Options YES
Securities Lending NO
Index Details

As of TBD

Index Ticker BYTE
Index Name IO Digital Infrastructure Index
Launch 10/01/2021
Median Market Capitalization
Country Count
Rebalancing Frequency Semiannually
PORTFOLIO COMPOSITION

Thematic Relevance

 

Geographic Breakdown

 

Market Capitalization Breakdown

 
Investment Strategy:

The Roundhill IO Digital Infrastructure ETF (“BYTE ETF”) is designed to offer investors exposure to digital infrastructure by seeking to provide investment results that track, before fees and expenses, the performance of the IO Digital Infrastructure Index (“BYTE Index”).

Digital infrastructure is comprised of the high-tech physical assets that support the efficient storage and transmission of data, powering the internet. These assets include fixed-line, high-speed data transmission technology (such as fiber optic cable and certain “last-mile” technologies that bring data to and from the end-user); data centers; mobile towers and related infrastructure; and other long-lived physical infrastructure assets.

The IO Digital Infrastructure Index is comprised of the common stock of 40 U.S. and foreign exchange-listed companies that earn a majority of their revenues from digital infrastructure assets.

BYTE May Provide Exposure To:
  • Companies developing mobile tower infrastructure essential to global wireless solutions such as American Tower and Crown Castle.
  • Broadband providers responsible for high-speed internet connectivity including Charter Communications and Altice USA.
  • Data center operators, like Digital Realty and Equinix, who provide critical storage, compute, connectivity, cloud, and “edge” services to some of the top enterprise and hyperscale technology companies in the world.
  • Non-U.S. digital infrastructure businesses like Liberty Global in Europe and Megacable Holdings in Mexico.
Digital Infrastructure Sector Highlights:
  • Grand View Research estimates that the global cloud computing market generated $275 billion of revenue in 2020 and expects it to grow 18% per year to over $1 trillion by 20281.
  • Digital infrastructure growth is largely agnostic to what use cases are adopted, as long as those use cases require fast, ubiquitous access to data. Cloud, SaaS, online gaming, social media, remote work, streaming, AR/VR, and artificial intelligence are just a few of the technologies that are built on top of digital infrastructure.
  • According to Cisco’s Annual Internet Report, by 2023 there will be more than 13 billion mobile devices in the world, of which 1.4 billion will be 5G capable, accounting for more than 10% of the world’s mobile devices and connections. The performance demands of 5G require substantial ongoing investment in all forms of digital infrastructure while, at the same time, unlocking new internet use cases that themselves will require ongoing digital infrastructure investment2.
  • According to ITU Telecom Development Bureau, as of 2019, across the world, over 3 billion people still do not have internet access at home. Among the 4.5 billion that do, speed, reliability, and affordability remain significant challenges. Enormous ongoing global investment in digital infrastructure is required to improve and expand coverage3.

1Grand View Research Cloud Computing Market Size & Share Report, 2021-2028 (published July 2021); 2Cisco Annual Internet Report (updated Mar. 2020); 3ITU State of Broadband 2020 Report

Investor Deck

NAV and Market Price

As of TBD

NAV Market Price
Net Asset Value $14.85 Closing Price $14.85
Change ($) Change ($)
Change (%) Change (%)
BYTE Performance

As of TBD

 

 

 

BYTE
(as of TBD)
        Since Inception
(TBD)
NAV        
Market Price        

Performance for periods greater than one year shown annualized. Net Asset Value (NAV) is the dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding.

Expense Ratio         0.75%

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 bid/ask midpoint at 4:00pm Eastern time when the NAV is typically calculated. Brokerage commissions will reduce returns.

TOP TEN HOLDINGS

as of TBD

Weight Name Ticker

ETF holdings and allocations are subject to change at any time and should not be interpreted as an offer of these securities.

Premium/Discount

As of TBD

NAV Premium/ Discount 30-day Median Bid/Ask Spread
$14.85
Historical Premium/Discount
 
 
Days at premium
Days at NAV
Days at discount

How to buy the BYTE ETF?

Roundhill ETFs trade intraday on an exchange. ETFs are available through various channels including broker-dealers, investment advisers, and other financial services firms, including:*

Robinhood

Interactive Brokers

Fidelity

Schwab

TD

E-Trade

SoFi
Vanguard
BNY Mellon
Public.com
BYTE Digital Infrastructure ETF - FAQ

 

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the BYTE Digital Infrastructure ETF please call 1-855-561-5728 or visit the website at https://www.roundhillinvestments.com/etf/BYTE. Read the prospectus or summary prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

Digital Infrastructure Companies are exposed to the risks specific to the real estate market as well as the risks that relate specifically to the way in which Digital Infrastructure Companies are utilized and operated. Digital Infrastructure Companies may be affected by unique supply and demand factors that do not apply to other real estate sectors, such as changes in demand for communications infrastructure, consolidation of tower sites, and new technologies that may affect demand for data centers. Digital Infrastructure Companies are also subject to a variety of factors that may adversely affect their business or operations including high interest costs, costs associated with compliance with and changes in environmental and other regulations, difficulty in raising capital in adequate amounts on reasonable terms in periods of high inflation and unsettled markets, the effects of surplus capacity, increased competition from other providers of services, the effects of energy conservation policies, and other factors. Investments made in small and mid-capitalization companies may be more volatile and less liquid due to limited resources or product lines and more sensitive to economic factors. Fund investments will be concentrated in an industry or group of industries, and the value of Fund shares may be more risky and fall more than diversified funds. Foreign investing involves social and political instability, market illiquidity, exchange-rate fluctuation, high volatility and limited regulation risks. Emerging markets involve different and greater risks, as they are smaller, less liquid and more volatile than more developed countries. Depository Receipts involve risks similar to those associated investments in foreign securities but may not provide a return that corresponds precisely with that of the underlying shares.

As an ETF, the fund may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Due to the costs of buying or selling Shares, including brokerage commissions imposed by brokers and bid/ask spreads, frequent trading of Shares may significantly reduce investment results and an investment in Shares may not be advisable for investors who anticipate regularly making small investments.

The Fund is not actively managed and its Sub-Adviser would not sell shares of an equity security due to current or projected under-performance of a security industry or sector unless that security is removed from the Index or the selling of shares of that security is otherwise required upon a re-balancing of the Index as addressed in the Index methodology. The composition of the Index is heavily dependent on proprietary quantitative models as well as information and data supplied by third parties. When Models and Data prove to be incorrect or incomplete, any decisions made in reliance thereon may lead to the inclusion or exclusion of securities from the Index universe that would have been excluded or included had the Models and Data been correct and complete. If the composition of the Index reflects such errors, the Fund’s portfolio can be expected to also reflect the errors.

The Fund is a recently organized investment company with no operating history. Please see the prospectus for details of these and other risks.

Fund is distributed by Foreside Fund Services, LLC.
Foreside Fund Services and Roundhill Investments are unaffiliated companies.

 

*Neither Roundhill Investments nor BYTE Digital Infrastructure ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement.