QDTE N-100 0DTE Covered Call Strategy ETF

QDTE utilizes a synthetic covered call strategy that seeks to provide current income on a weekly basis, while also providing exposure to the price return of the Nasdaq-100 Index.

Yields

(as of )

**Distribution Rate: 25.11%

*30-Day SEC Yield: TBD

1The Fund currently expects, but does not guarantee, to make distributions on a weekly 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.

Overview

The Roundhill N-100 0DTE Covered Call Strategy ETF (“QDTE”) is the first ETF to utilize zero days to expiry (“0DTE”) options on the Nasdaq-100. QDTE seeks to provide overnight exposure to the Nasdaq-100 and generate income each morning by selling out-of-the-money 0DTE calls on the Index. QDTE is an actively-managed ETF.

Why QDTE?

Weekly Distributions1 - QDTE seeks to pay weekly distributions out of sold option premiums.

High Income Potential - QDTE seeks to generate high income through a covered call strategy on the Nasdaq-100.

Harness Volatility - QDTE sells 0DTE options on the Nasdaq-100 and seeks to exploit structural market mispricings.

Fund Details

Ticker QDTE
Primary Exchange Cboe BZX
Expense Ratio 0.95%
AUM
Launch 03/07/24
ETF Options Yes
CUSIP 77926X304
ISIN US77926X3044
Shares Outstanding
Management Style Active

Holdings

Top Holdings

Name Ticker Weight
Name Weight

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

Performance

As of

Closing Price
Change ($)
Change (%)
1 Year (as of )
3 Year (as of )
5 Year (as of )
Since Inception (as of )
30-Day Median Bid/Ask Spread
Net Asset Value $45.72
Change ($)
Change (%)
30-Day Median Bid/Ask Spread

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.

Distributions

Yields

As of

30-Day SEC Yield* TBD
Distribution Rate** 25.11%
Distribution Frequency Weekly

*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 weekly 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.

Distribution Calendar

Declaration Ex Date Record Date Pay Date

Download CSV

Distribution History

Declaration Ex Date Record Date Pay Date Amount Paid

Premium/Discount

FAQ

When did the Roundhill N-100 0DTE Covered Call Strategy ETF (Cboe BZX: QDTE) launch?

QDTE began trading on March 7, 2024.

What are the fees for the Roundhill N-100 0DTE Covered Call Strategy ETF?

The Fund’s gross expense ratio is 0.95% per year.

Can I trade options on the Roundhill N-100 0DTE Covered Call Strategy ETF?

Yes, options trading is available for QDTE.

Is the Roundhill N-100 0DTE Covered Call Strategy ETF actively managed?

Yes, QDTE is actively managed.

How often does QDTE generate income?

QDTE seeks to generate income daily by selling zero days to expiry (“0DTE”) call options and pays weekly distributions to shareholders.

What types of options does QDTE use?

QDTE utilizes a combination of European-style FLexible EXchange® Options (“FLEX options”) and European-style listed options on the Nasdaq 100 Index.

QDTE sells out-of-the-money zero days to expiry (“0DTE”) call options on the Nasdaq 100 Index to potentially generate income. In order to achieve its synthetic long exposure, QDTE buys a deep in-the-money FLEX option on the Nasdaq 100.

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.

QDTE implements a “synthetic” long position by purchasing a deep in-the-money call option on the Nasdaq-100 Index, which seeks to replicate the price return of a traditional long position in the Nasdaq-100 Index.

What are 0DTE options?

0DTE options refer to options that have zero days to expiration, meaning they are set to expire on the same day on which they are traded.

What are the potential benefits of selling options at the market open?

By selling 0DTE options at market open, QDTE potentially allows for investors to capture the full return of the overnight session. Unlike strategies which may hold short option positions overnight, QDTE is “uncapped” from market close until a new short call position is entered the following session.

Yields

(as of )

**Distribution Rate:

25.11%

*30-Day SEC Yield:

TBD

1The Fund currently expects, but does not guarantee, to make distributions on a weekly 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.

All Holdings

as of TBD

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