XDTE 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 S&P 500® Index.
**Distribution Rate: 18.54%
*30-Day SEC Yield:
(as of )
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. 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. Please see the Supplemental Tax Information section of the webpage for more information on the distribution composition including the estimated return of capital.
The Roundhill S&P 500® 0DTE Covered Call Strategy ETF (“XDTE”) is the first ETF to utilize zero days to expiry (“0DTE”)*** options on the S&P 500®. XDTE seeks to provide overnight exposure to the S&P 500® and generate income each morning by selling out-of-the-money 0DTE calls on the Index. XDTE is an actively-managed ETF.
Weekly Distributions1 - XDTE seeks to pay weekly distributions out of sold option premiums.
Income Potential - XDTE seeks to generate income through a covered call strategy on the S&P 500®.
Harness Volatility - XDTE sells 0DTE options on the S&P 500® and seeks to exploit structural market mispricings.
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. 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. Please see the Supplemental Tax Information section of the webpage for more information on the distribution composition including the estimated return of capital.
| Ticker | XDTE |
|---|---|
| Primary Exchange | Cboe BZX |
| Expense Ratio | 0.95% |
| AUM | |
| Launch | 03/07/24 |
| ETF Options | Yes |
|---|---|
| CUSIP | 77926X205 |
| ISIN | US77926X2053 |
| Shares Outstanding | |
| Management Style | Active |
As of
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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.
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| Net Asset Value | $51.81 |
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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
| 30-Day SEC Yield* | TBD |
|---|---|
| Distribution Rate** | 18.54% |
| 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. 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. Please see the Supplemental Tax Information section of the webpage for more information on the distribution composition including the estimated return of capital.
| Declaration | Ex Date | Record Date | Pay Date |
|---|---|---|---|
When did the Roundhill S&P 500® 0DTE Covered Call Strategy ETF (Cboe BZX: XDTE) launch?
XDTE began trading on March 7, 2024.
What are the fees for the Roundhill S&P 500® 0DTE Covered Call Strategy ETF?
The Fund’s gross expense ratio is 0.95% per year.
Can I trade options on the Roundhill S&P 500® 0DTE Covered Call Strategy ETF?
Yes, options trading is available for XDTE.
Is the Roundhill S&P 500® 0DTE Covered Call Strategy ETF actively managed?
Yes, XDTE is actively managed.
How often does XDTE generate income?
XDTE 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 XDTE use?
XDTE utilizes a combination of European-style FLexible EXchange® Options (“FLEX options”) and European-style listed options on the S&P 500 Index.
XDTE sells out-of-the-money zero days to expiry (“0DTE”) call options on the S&P 500 Index to potentially generate income. In order to achieve its synthetic long exposure, XDTE buys a deep in-the-money FLEX option on the S&P 500 Index.
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.
XDTE implements a “synthetic” long position by purchasing a deep in-the-money call option on the S&P 500 Index, which seeks to replicate the price return of a traditional long position in the S&P 500 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, XDTE potentially allows for investors to capture the full return of the overnight session. Unlike strategies which may hold short option positions overnight, XDTE is “uncapped” from market close until a new short call position is entered the following session.
What period of trading activity does a distribution cover?
Each distribution typically corresponds to the Fund's options trading activity from two calendar weeks prior to the declaration date.
How do market holidays impact distribution amounts?
Distributions are based on a given week’s option trading activity. If there is a shortened trading week, distributions would correspond with the fewer number of trading days.
(as of )
**Distribution Rate:
18.54%
*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. 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. Please see the Supplemental Tax Information section of the webpage for more information on the distribution composition including the estimated return of capital.
as of TBD
as of