Roundhill Investments Announces QDTE, XDTE, YBTC Distributions
Roundhill Investments has announced ETF distributions for its S&P 500 0DTE Covered Call Strategy ETF (XDTE), Innovation-100 0DTE Covered Call Strategy ETF (QDTE), and Bitcoin Covered Call Strategy ETF (YBTC). Weekly distributions for XDTE and QDTE are 0.50% ($0.261188) and 0.73% ($0.312576) per share, respectively. YBTC will distribute monthly at a rate of 42.27% ($1.611923 per share).
The 30-Day SEC Yields for XDTE and QDTE are -0.52% and -0.46%, while YBTC's is 4.18%. All funds have a Gross Expense Ratio of 0.95%. Distributions are expected weekly for XDTE and QDTE, and monthly for YBTC, but are not guaranteed. Investors should note that distribution rates may not be sustainable and past performance doesn't guarantee future results.
Roundhill Investments ha annunciato le distribuzioni ETF per il suo S&P 500 0DTE Covered Call Strategy ETF (XDTE), l'Innovation-100 0DTE Covered Call Strategy ETF (QDTE) e il Bitcoin Covered Call Strategy ETF (YBTC). Le distribuzioni settimanali per XDTE e QDTE sono rispettivamente dello 0,50% ($0,261188) e dello 0,73% ($0,312576) per azione. YBTC distribuirà mensilmente a un tasso del 42,27% ($1,611923 per azione).
I rendimenti SEC a 30 giorni per XDTE e QDTE sono rispettivamente -0,52% e -0,46%, mentre quello di YBTC è 4,18%. Tutti i fondi hanno un Rapporto di Spesa Lordo del 0,95%. Le distribuzioni sono previste settimanalmente per XDTE e QDTE, e mensilmente per YBTC, ma non sono garantite. Gli investitori devono notare che i tassi di distribuzione potrebbero non essere sostenibili e le performance passate non garantiscono risultati futuri.
Roundhill Investments ha anunciado distribuciones de ETF para su S&P 500 0DTE Covered Call Strategy ETF (XDTE), Innovation-100 0DTE Covered Call Strategy ETF (QDTE) y Bitcoin Covered Call Strategy ETF (YBTC). Las distribuciones semanales para XDTE y QDTE son respectivamente del 0,50% ($0,261188) y del 0,73% ($0,312576) por acción. YBTC distribuirá mensualmente a una tasa del 42,27% ($1,611923 por acción).
Los rendimientos SEC a 30 días para XDTE y QDTE son -0,52% y -0,46%, mientras que el de YBTC es del 4,18%. Todos los fondos tienen un índice de gastos brutos del 0,95%. Se espera que las distribuciones sean semanales para XDTE y QDTE, y mensuales para YBTC, pero no están garantizadas. Los inversores deben tener en cuenta que las tasas de distribución pueden no ser sostenibles y el rendimiento pasado no garantiza resultados futuros.
라운드힐 인베스트먼트는 S&P 500 0DTE 커버드 콜 전략 ETF (XDTE), 이노베이션-100 0DTE 커버드 콜 전략 ETF (QDTE), 그리고 비트코인 커버드 콜 전략 ETF (YBTC)에 대한 ETF 분배를 발표했습니다. XDTE 및 QDTE의 주간 분배는 각각 0.50% ($0.261188)와 0.73% ($0.312576)입니다. YBTC는 월별로 분배됩니다 그리고 그 비율은 42.27% ($1.611923 주당)입니다.
XDTE 및 QDTE의 30일 SEC 수익률은 -0.52% 및 -0.46%이고, YBTC의 수익률은 4.18%입니다. 모든 펀드는 총 비용 비율이 0.95%입니다. XDTE와 QDTE는 주간 분배가 예상되지만, YBTC는 월간 분배가 예상되지만 보장되지는 않습니다. 투자자들은 분배율이 지속 가능하지 않을 수 있으며 과거 성과가 미래 결과를 보장하지 않는다는 점에 유의해야 합니다.
Roundhill Investments a annoncé des distributions d'ETF pour son S&P 500 0DTE Covered Call Strategy ETF (XDTE), l'Innovation-100 0DTE Covered Call Strategy ETF (QDTE) et le Bitcoin Covered Call Strategy ETF (YBTC). Les distributions hebdomadaires pour XDTE et QDTE sont respectivement de 0,50% ($0,261188) et de 0,73% ($0,312576) par action. YBTC distribuera mensuellement à un rythme de 42,27% ($1,611923 par action).
Les rendements SEC à 30 jours pour XDTE et QDTE sont respectivement de -0,52% et -0,46%, tandis que celui de YBTC est de 4,18%. Tous les fonds ont un ratio de dépenses brutes de 0,95%. Les distributions sont attendues hebdomadairement pour XDTE et QDTE, et mensuellement pour YBTC, mais ne sont pas garanties. Les investisseurs doivent noter que les taux de distribution peuvent ne pas être durables et que les performances passées ne garantissent pas les résultats futurs.
Roundhill Investments hat die ETF-Ausschüttungen für seinen S&P 500 0DTE Covered Call Strategy ETF (XDTE), den Innovation-100 0DTE Covered Call Strategy ETF (QDTE) und den Bitcoin Covered Call Strategy ETF (YBTC) bekannt gegeben. Wöchentliche Ausschüttungen für XDTE und QDTE betragen jeweils 0,50% ($0,261188) und 0,73% ($0,312576) pro Anteil. YBTC wird monatlich ausschütten mit einem Satz von 42,27% ($1,611923 pro Anteil).
Die 30-tägigen SEC-Renditen für XDTE und QDTE liegen bei -0,52% und -0,46%, während das von YBTC 4,18% beträgt. Alle Fonds haben ein Bruttoaufwandsquote von 0,95%. Es wird erwartet, dass die Ausschüttungen für XDTE und QDTE wöchentlich und für YBTC monatlich erfolgen, sind jedoch nicht garantiert. Investoren sollten beachten, dass die Ausschüttungssätze möglicherweise nicht nachhaltig sind und vergangene Leistungen keine zukünftigen Ergebnisse garantieren.
- High distribution rates, particularly for YBTC at 42.27%
- Regular distribution schedule (weekly for XDTE and QDTE, monthly for YBTC)
- Positive 30-Day SEC Yield for YBTC at 4.18%
- Negative 30-Day SEC Yields for XDTE (-0.52%) and QDTE (-0.46%)
- High Gross Expense Ratio of 0.95% for all funds
- Distributions may exceed the Funds' income and gains, potentially resulting in return of capital
- Current favorable market conditions may not be sustainable
Insights
The announcement of ETF distributions by Roundhill Investments is routine financial news that typically has minimal impact on the broader stock market. However, some aspects are worth noting:
- The high distribution rate of
42.27% for the Bitcoin Covered Call Strategy ETF (YBTC) is striking. This could attract income-seeking investors but may not be sustainable long-term. - The negative 30-Day SEC Yields for XDTE (
-0.52% ) and QDTE (-0.46% ) indicate these funds are currently not generating enough income to cover expenses, which could be a concern for investors. - The discrepancy between the high distribution rates and lower SEC yields suggests a significant portion of distributions may be return of capital, potentially eroding the fund's asset base over time.
Investors should carefully consider the sustainability of these distributions and the potential impact on the funds' long-term performance.
Weekly Distributions
Fund Name | Ticker | Distribution Per Share (%)* | Distribution Per Share | 30-Day SEC Yield** | Ex-Date | Pay Date |
Roundhill S&P 500 0DTE Covered Call Strategy ETF | XDTE | 0.50 % | -0.52 % | 8/29/24 | 8/30/24 | |
Roundhill Innovation-100 0DTE Covered Call Strategy ETF | QDTE | 0.73 % | -0.46 % | 8/29/24 | 8/30/24 |
Monthly Distributions
Fund Name | Ticker | Distribution Rate*** | Distribution Per Share | 30-Day SEC Yield** | Ex-Date | Pay Date |
Roundhill Bitcoin Covered Call Strategy ETF | YBTC | 42.27 % | 4.18 % | 8/29/24 | 8/30/24 |
The 30-Day SEC Yield** (as of 7/31/24) for the Roundhill S&P 500® 0DTE Covered Call Strategy ETF and the Roundhill Innovation-100 0DTE Covered Call Strategy ETF are -
The Distribution Rate*** (as of 8/26/2024) and the 30-Day SEC Yield** (as of 7/31/24) for the Roundhill Bitcoin Covered Call Strategy ETF are
The Gross Expense Ratio for XDTE, QDTE and YBTC is
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 standardized and month-end performance, please click here: XDTE, QDTE, YBTC.
The Funds currently expect, but do not guarantee, to make distributions on a weekly basis and a monthly basis, respectively. Distributions may exceed the Funds' income and gains for the Funds' taxable year. Distributions in excess of the Funds' current and accumulated earnings and profits will be treated as a return of capital. Distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions might not continue to exist and there should be no expectation that this performance will be repeated in the future. As of the most recent distributions by the funds, the distribution composition was estimated to be
*The Distribution Per Share (%) is calculated by dividing the most recent distribution by the fund NAV as of market close on 8/16/24.
**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.
About Roundhill Investments:
Founded in 2018, Roundhill Investments is an SEC-registered investment advisor focused on innovative exchange-traded funds. Roundhill's suite of ETFs offers distinct and differentiated exposures across thematic equity, options income, and trading vehicles. Roundhill offers a depth of ETF knowledge and experience, as the team has collectively launched more than 100+ ETFs including several first-to-market products. To learn more about the company, please visit roundhillinvestments.com.
This material must be preceded or accompanied by a prospectus.
Click here for the XDTE prospectus.
Click here for the QDTE prospectus.
Click here for the YBTC prospectus.
All investing involves risk, including the risk of loss of principal. There is no guarantee the investment strategy will be successful. The funds faces numerous risks, including options risk, liquidity risk, market risk, cost of futures investment risk, clearing broker risk, commodity regulatory risk, futures contract risk, active management risk, active market risk, clearing broker risk, credit risk, derivatives risk, legislation and litigation risk, operational risk, trading issues risk, valuation risk and non-diversification risk. For a detailed list of fund risks see the prospectus.
Covered Call Strategy Risk. A covered call strategy involves writing (selling) covered call options in return for the receipt of premiums. The seller of the option gives up the opportunity to benefit from price increases in the underlying instrument above the exercise price of the options, but continues to bear the risk of underlying instrument price declines. The premiums received from the options may not be sufficient to offset any losses sustained from underlying instrument price declines, over time. As a result, the risks associated with writing covered call options may be similar to the risks associated with writing put options. Exchanges may suspend the trading of options during periods of abnormal market volatility. Suspension of trading may mean that an option seller is unable to sell options at a time that may be desirable or advantageous to do.
Flex Options Risk. The Fund will utilize FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (OCC). In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the Fund could suffer significant losses. Additionally, FLEX Options may be less liquid than standard options. In a less liquid market for the FLEX Options, the Fund may have difficulty closing out certain FLEX Options positions at desired times and prices. The values of FLEX Options do not increase or decrease at the same rate as the reference asset and may vary due to factors other than the price of reference asset.
QDTE & XDTE
0DTE Options Risk.**** The Fund's use of zero days to expiration, known as "0DTE" options, presents additional risks. Due to the short time until their expiration, 0DTE options are more sensitive to sudden price movements and market volatility than options with more time until expiration. Because of this, the timing of trades utilizing 0DTE options becomes more critical. Although the Fund intends to enter into 0DTE options trades on market open, or shortly thereafter, even a slight delay in the execution of these trades can significantly impact the outcome of the trade. Such options may also suffer from low liquidity, making it more difficult for the Fund to enter into its positions each morning at desired prices. The bid-ask spreads on 0DTE options can be wider than with traditional options, increasing the Fund's transaction costs and negatively affecting its returns. Additionally, the proliferation of 0DTE options is relatively new and may therefore be subject to rule changes and operational frictions. To the extent that the OCC enacts new rules relating to 0DTE options that make it impractical or impossible for the Fund to utilize 0DTE options to effectuate its investment strategy, it may instead utilize options with the shortest remaining maturity available or it may utilize swap agreements to provide the desired exposure.
YBTC
Bitcoin Futures ETF Risks. The Fund will have significant exposure to the Bitcoin Futures ETF through its options positions that utilize the Bitcoin Futures ETF as the reference asset. Accordingly, the Fund will subject to the risks of the Bitcoin Futures ETF, set forth below.
Bitcoin Risk. Bitcoin is a relatively new innovation and the market for bitcoin is subject to rapid price swings, changes and uncertainty. The further development of the Bitcoin network and the acceptance and use of bitcoin are subject to a variety of factors that are difficult to evaluate. The slowing, stopping or reversing of the development of the Bitcoin network or the acceptance of bitcoin may adversely affect the price of bitcoin. Bitcoin is subject to the risk of fraud, theft, manipulation or security failures, operational or other problems that impact the digital asset trading venues on which bitcoin trades. The Bitcoin blockchain may contain flaws that can be exploited by hackers. A significant portion of bitcoin is held by a small number of holders sometimes referred to as "whales." Transactions of these holders may influence the price of bitcoin.
Digital Asset Industry Risk. The digital asset industry is a new, speculative, and still-developing industry that faces many risks. In this emerging environment, events that are not directly related to the security or utility of the Ethereum blockchain or the Bitcoin blockchain can nonetheless precipitate a significant decline in the price of ether and bitcoin.
Digital Asset Regulatory Risk. Digital asset markets in the
New Fund Risk. The fund is new and has a limited operating history.
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.,
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SOURCE Roundhill Investments
FAQ
What is the distribution rate for Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE)?
What is the 30-Day SEC Yield for Roundhill Bitcoin Covered Call Strategy ETF (YBTC)?
How often are distributions made for Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE)?
What is the Gross Expense Ratio for Roundhill's ETFs mentioned in the August 28, 2024 announcement?
