The Fund is an exchange-traded fund (“ETF”) that seeks to track the total return performance, before fees and expenses, of the S&P 500 Weekly Put Write Index (the “Index”). The Index is designed to employ a defensive options strategy linked to the S&P 500® Index (the “Underlying Index”), aiming to generate current income and establish a buffer against downside risk.
Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that provide investment exposure to the returns of the Index. The Fund seeks to replicate the performance of the Index by entering into swap agreements that provide exposure to the Index. In a swap transaction, two parties agree to exchange returns or differentials in rates of return on specified assets, rates or indices, calculated with respect to a notional amount. In a total return swap, one party receives the total return of a reference asset (including appreciation and income) while paying a financing rate and any depreciation. Swaps allow a party to gain economic exposure to an asset (i.e., the Underlying Index) without directly owning it.
The Fund intends to make monthly distribution payments to shareholders. 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.
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