Roundhill Investments Announces XDTE, QDTE and RDTE Distributions for November 22, 2024
Roundhill Investments has announced ETF distributions for three funds: XDTE (S&P 500 0DTE Covered Call Strategy ETF) with $0.258072 per share (0.48%), QDTE (Innovation-100 0DTE Covered Call Strategy ETF) with $0.252349 per share (0.58%), and RDTE (Small Cap 0DTE Covered Call Strategy ETF) with $0.410503 per share (0.90%). The distributions have an ex-date of 11/21/24 and pay date of 11/22/24. All funds show negative 30-Day SEC yields around -0.51% and carry a 0.95% Gross Expense Ratio.
Roundhill Investments ha annunciato le distribuzioni ETF per tre fondi: XDTE (S&P 500 0DTE Covered Call Strategy ETF) con $0.258072 per azione (0,48%), QDTE (Innovation-100 0DTE Covered Call Strategy ETF) con $0.252349 per azione (0,58%) e RDTE (Small Cap 0DTE Covered Call Strategy ETF) con $0.410503 per azione (0,90%). Le distribuzioni hanno una data di ex il 21/11/24 e una data di pagamento il 22/11/24. Tutti i fondi mostrano rendimenti SEC a 30 giorni negativi intorno al -0,51% e presentano un rapporto di spesa lorda dello 0,95%.
Roundhill Investments ha anunciado distribuciones de ETF para tres fondos: XDTE (S&P 500 0DTE Covered Call Strategy ETF) con $0.258072 por acción (0.48%), QDTE (Innovation-100 0DTE Covered Call Strategy ETF) con $0.252349 por acción (0.58%) y RDTE (Small Cap 0DTE Covered Call Strategy ETF) con $0.410503 por acción (0.90%). Las distribuciones tienen una fecha ex del 21/11/24 y una fecha de pago del 22/11/24. Todos los fondos muestran rendimientos SEC a 30 días negativos de aproximadamente -0.51% y tienen una razón de gastos bruta del 0.95%.
라운드힐 투자( Roundhill Investments)는 세 가지 펀드에 대한 ETF 배당금을 발표했습니다: XDTE (S&P 500 0DTE Covered Call Strategy ETF) 주 당 $0.258072(0.48%), QDTE (Innovation-100 0DTE Covered Call Strategy ETF) 주 당 $0.252349(0.58%), RDTE (Small Cap 0DTE Covered Call Strategy ETF) 주 당 $0.410503(0.90%). 배당금의 배정일은 2024년 11월 21일이며 지급일은 2024년 11월 22일입니다. 모든 펀드는 -0.51%의 30일 SEC 수익률을 보이고 있으며, 총 경비 비율은 0.95%입니다.
Roundhill Investments a annoncé des distributions ETF pour trois fonds : XDTE (S&P 500 0DTE Covered Call Strategy ETF) avec $0.258072 par action (0,48 %), QDTE (Innovation-100 0DTE Covered Call Strategy ETF) avec $0.252349 par action (0,58 %) et RDTE (Small Cap 0DTE Covered Call Strategy ETF) avec $0.410503 par action (0,90 %). Les distributions ont une date ex le 21/11/24 et une date de paiement le 22/11/24. Tous les fonds affichent des rendements SEC sur 30 jours négatifs d'environ -0,51 % et ont un ratio de dépenses brut de 0,95 %.
Roundhill Investments hat die ETF-Ausschüttungen für drei Fonds bekannt gegeben: XDTE (S&P 500 0DTE Covered Call Strategy ETF) mit $0.258072 pro Aktie (0,48%), QDTE (Innovation-100 0DTE Covered Call Strategy ETF) mit $0.252349 pro Aktie (0,58%) und RDTE (Small Cap 0DTE Covered Call Strategy ETF) mit $0.410503 pro Aktie (0,90%). Die Ausschüttungen haben ein Ex-Datum vom 21.11.2024 und ein Auszahlungdatum vom 22.11.2024. Alle Fonds weisen negative 30-Tage-SEC-Renditen von etwa -0,51% auf und haben eine Bruttogebührenquote von 0,95%.
- Weekly distribution schedule provides regular income to investors
- RDTE offers highest distribution rate at 0.90% among the three funds
- All funds show negative 30-Day SEC yields (-0.49% to -0.51%)
- High gross expense ratio of 0.95% for all funds
- Distributions may include return of capital, potentially reducing investor's original investment
Insights
The distribution announcement for Roundhill's 0DTE covered call ETFs reveals concerning metrics. The
The weekly distribution schedule, while attractive for income-seeking investors, may not be sustainable given the negative SEC yield. The explicit warning about distributions potentially exceeding the fund's earnings and being treated as return of capital is particularly noteworthy. This indicates that investors might be receiving their own capital back rather than genuine investment returns, which could impact the fund's long-term sustainability.
Fund Name | Ticker | Distribution Per Share (%)* | Distribution Per Share | 30-Day SEC | Ex-Date | Pay Date |
Roundhill S&P 500 | XDTE | 0.48 % | -0.51 % | 11/21/24 | 11/22/24 | |
Roundhill Innovation-100 | QDTE | 0.58 % | -0.51 % | 11/21/24 | 11/22/24 | |
Roundhill Small | RDTE | 0.90 % | -0.49 % | 11/21/24 | 11/22/24 |
The 30-Day SEC Yield** (as of 10/31/24) for the Roundhill S&P 500® 0DTE Covered Call Strategy ETF, the Roundhill Innovation-100 0DTE Covered Call Strategy ETF and the Roundhill Small Cap 0DTE Covered Call Strategy ETF are -
The Gross Expense Ratio for XDTE, QDTE and RDTE 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, RDTE.
The Funds currently expect, but do not guarantee, to make distributions on a weekly basis. 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. Please see the Supplemental Tax Information section of the webpage for more information on the distribution composition including the estimated return of capital. Current distributions may include return of capital.
*The Distribution Per Share (%) is calculated by dividing the most recent distribution by the fund NAV as of market close on 11/8/24.
**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".
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 QDTE prospectus.
Click here for the XDTE prospectus.
Click here for the RDTE 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.
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.
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 amount for QDTE in November 2024?
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