Meme Stock ETF
as of TBD
|Primary Exchange||NYSE Arca|
|# of Holdings|
As of TBD
The Roundhill MEME ETF (“MEME ETF”) is designed to offer investors exposure to “meme stocks” by providing investment results that closely track the performance, before fees and expenses, of the Solactive Roundhill Meme Stock Index (“MEME Index”). The MEME ETF is the first ETF globally explicitly designed to track the performance of meme stocks.
The MEME Index consists of 25 equal-weighted U.S. listed equity securities that exhibit a combination of elevated social media activity and high short interest. Short interest is calculated by the percentage of a security's float which are currently sold short. Social media activity and short interest data are supplied by third-party data providers. The index is rebalanced every two weeks, in order to best attempt to capture trending stocks as they emerge. Due to the MEME Index's focus on stocks that are both highly shorted and subject to increased retail sentiment, as well as the fund's high turnover given bi-weekly rebalances, MEME may experience significantly greater volatility than conventional equity ETFs or mutual funds.
Over the past several years, retail trading volume has grown noticeably as commission-free trading has become readily available from brokerages such as Robinhood. According to Bloomberg Intelligence, retail has accounted for 21.3% of total equity volume in 2021, more than doubling its market share since 2010.
(Source: Bloomberg Intelligence. Data as of 11/30/2021)
As technology continues to advance in the digital age, not only has access to investing become easier for retail traders, but so has the ability to communicate with likeminded traders. Platforms such as Twitter, Reddit (r/WallStreetBets), Discord, and Stocktwits have become a home for millennial investors and amplified the ability to share and consume research and investment ideas. 2021 has been a record-setting year for user growth on WallStreetBets with the subreddit reaching 11 million users as of November 2021 after beginning the year with just over 1 million.
|Net Asset Value||$15.64||Closing Price|
|Change ($)||Change ($)|
|Change (%)||Change (%)|
(as of TBD)
Performance for periods greater than one year shown annualized.
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 Primary Exchange official closing price. Brokerage commissions will reduce returns.
as of TBD
ETF holdings and allocations are subject to change at any time and should not be interpreted as an offer of these securities.
|NAV||Premium/ Discount||30-day Median Bid/Ask Spread|
|Days at premium|
|Days at NAV|
|Days at discount|
MEME launched on 12/8/2021.
MEME is currently available on a number of brokerage platforms. If you work with a financial adviser, it will depend on whether MEME is “approved” by the adviser, which they will be able to answer.
To the best of our knowledge, those who can buy US-listed stocks and ETFs should be able to access MEME. Please check your brokerage platform or with your financial advisor.
On the NYSE Arca.
Options trading is available on the NYSE American Options market.
The Solactive Roundhill Meme Stock Index is managed by Solactive. For more information, please view the website here.
MEME consists of 25 equal-weighted U.S. listed equity securities that exhibit a combination of elevated social media activity and high short interest.
Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. This and additional information can be found in the Fund's prospectus or summary prospectus. Read the prospectus or summary prospectus carefully before investing.
Investing involves risk, including possible loss of principal. Meme stocks are stocks whose trading volume increases not necessarily because of a company’s performance, but because of social media attention which may result from a variety of factors unrelated to the company’s performance, financial position, or other business fundamentals. As a result, meme stocks are prone to high volatility which may be a result of panic selling. Because meme stocks are heavily dependent on investor sentiment and opinion, they may be overpriced in comparison to the company’s fundamentals, resulting in losses to the Fund. The Fund’s investment strategy relies heavily on social media analytics, which are relatively new and untested. “Social media” is an umbrella term that encompasses various activities that integrate technology, social interaction and content creation. Investing in companies based on social media analytics involves the potential risk of market manipulation because social media posts may be made with an intent to inflate, or otherwise manipulate, the public perception of a company stock or other investment. 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. Depositary receipts, including ADRs, involve risks similar to those associated with investments in foreign securities, such as changes in political or economic conditions of other countries and changes in the exchange rates of foreign currencies and may not provide a return that corresponds precisely with that of the underlying shares. The Fund may invest in equity securities of SPACs, which raise assets to seek potential acquisition opportunities. Unless and until an acquisition is completed, a SPAC generally invests its assets in U.S. government securities, money market securities, and cash. Because SPACs have no operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the entity’s management to identify and complete a profitable acquisition. There is no guarantee that the SPACs in which the Fund invests will complete an acquisition or that any acquisitions that are completed will be profitable. 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 a recently organized investment company with no operating history. Please see the prospectus for details of these and other risks.
Roundhill Financial Inc. serves as the investment advisor. The Funds are distributed by Foreside Fund Services, LLC which is not affiliated with Roundhill Financial Inc., U.S. Bank, or any of the companies or individuals referenced herein.
*Neither Roundhill Investments nor MEME Stock ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsement.