Roundhill Investments Announces XDTE, QDTE and RDTE Distributions for December 27, 2024
Roundhill Investments has announced ETF distributions for three funds: XDTE, QDTE, and RDTE, payable on December 27, 2024. The Innovation-100 0DTE Covered Call Strategy ETF (QDTE) leads with the highest distribution of $0.803885 per share (1.85%), followed by XDTE at $0.606064 (1.14%), and RDTE at $0.273542 (0.63%). All funds show negative 30-Day SEC yields as of November 30, 2024, with QDTE at -0.49%. The funds maintain a gross expense ratio of 0.95% and aim for weekly distributions, though these are not guaranteed. The company notes that current favorable market conditions may not be sustainable, and distributions might include return of capital.
Roundhill Investments ha annunciato distribuzioni ETF per tre fondi: XDTE, QDTE e RDTE, che saranno pagabili il 27 dicembre 2024. L'Innovation-100 0DTE Covered Call Strategy ETF (QDTE) guida con la distribuzione più alta di $0.803885 per azione (1.85%), seguita da XDTE con $0.606064 (1.14%), e da RDTE con $0.273542 (0.63%). Tutti i fondi mostrano rendimenti SEC a 30 giorni negativi al 30 novembre 2024, con QDTE al -0.49%. I fondi mantengono un rapporto di spese lordo del 0.95% e puntano a distribuzioni settimanali, anche se queste non sono garantite. L'azienda sottolinea che le attuali condizioni di mercato favorevoli potrebbero non essere sostenibili e che le distribuzioni potrebbero includere il rimborso del capitale.
Roundhill Investments ha anunciado distribuciones de ETF para tres fondos: XDTE, QDTE y RDTE, que se pagarán el 27 de diciembre de 2024. El Innovation-100 0DTE Covered Call Strategy ETF (QDTE) encabeza con la distribución más alta de $0.803885 por acción (1.85%), seguido por XDTE con $0.606064 (1.14%) y RDTE con $0.273542 (0.63%). Todos los fondos muestran rendimientos SEC negativos a 30 días al 30 de noviembre de 2024, con QDTE en -0.49%. Los fondos mantienen una relación de gastos bruta del 0.95% y tienen como objetivo distribuciones semanales, aunque no están garantizadas. La empresa señala que las condiciones actuales del mercado favorables pueden no ser sostenibles y que las distribuciones podrían incluir el reembolso de capital.
라운드힐 인베스트먼트가 세 개의 펀드 XDTE, QDTE, RDTE에 대한 ETF 배당금을 발표했습니다. 배당금은 2024년 12월 27일 지급됩니다. 혁신 100 0DTE 커버드콜 전략 ETF (QDTE)가 주당 $0.803885 (1.85%)로 가장 높은 배당금을 기록하며, 이어서 XDTE가 $0.606064 (1.14%), RDTE가 $0.273542 (0.63%)입니다. 모든 펀드는 2024년 11월 30일 기준으로 30일 SEC 수익률이 마이너스를 기록했으며, QDTE는 -0.49%입니다. 펀드는 0.95%의 총 비용 비율을 유지하며, 주간 배당을 목표로 하지만 이는 보장되지 않습니다. 회사는 현재의 유리한 시장 조건이 지속되지 않을 수 있으며 배당금에 자본 반환이 포함될 수 있다고 언급합니다.
Roundhill Investments a annoncé des distributions ETF pour trois fonds : XDTE, QDTE et RDTE, payables le 27 décembre 2024. Le Innovation-100 0DTE Covered Call Strategy ETF (QDTE) se distingue avec la distribution la plus élevée de 0,803885 $ par action (1,85 %), suivi de XDTE à 0,606064 $ (1,14 %) et de RDTE à 0,273542 $ (0,63 %). Tous les fonds affichent des rendements SEC négatifs sur 30 jours au 30 novembre 2024, QDTE étant à -0,49 %. Les fonds maintiennent un ratio brut des dépenses de 0,95 % et visent des distributions hebdomadaires, bien que celles-ci ne soient pas garanties. L'entreprise souligne que les conditions de marché favorables actuelles pourraient ne pas être durables et que les distributions pourraient inclure un remboursement de capital.
Roundhill Investments hat ETF-Ausschüttungen für drei Fonds angekündigt: XDTE, QDTE und RDTE, die am 27. Dezember 2024 ausgezahlt werden. Der Innovation-100 0DTE Covered Call Strategy ETF (QDTE) führt mit der höchsten Ausschüttung von 0,803885 $ pro Aktie (1,85 %), gefolgt von XDTE mit 0,606064 $ (1,14 %) und RDTE mit 0,273542 $ (0,63 %). Alle Fonds weisen zum 30. November 2024 negative SEC-Renditen über 30 Tage auf, wobei QDTE bei -0,49 % liegt. Die Fonds haben eine Bruttoaufwandsquote von 0,95 % und streben wöchentliche Ausschüttungen an, obwohl diese nicht garantiert sind. Das Unternehmen weist darauf hin, dass die aktuellen günstigen Marktbedingungen möglicherweise nicht nachhaltig sind und dass die Ausschüttungen eine Rückzahlung des Kapitals umfassen könnten.
- High distribution yield for QDTE at 1.85% per share
- Regular weekly distribution schedule maintained
- Negative 30-Day SEC yields across all funds (QDTE: -0.49%)
- High expense ratio of 0.95%
- Distributions may include return of capital, potentially reducing investment basis
- Current favorable conditions may not be sustainable
Insights
This distribution announcement for Roundhill's 0DTE covered call ETFs reveals significant monthly payouts, with QDTE leading at
These distributions likely include return of capital, which effectively returns investors' principal rather than genuine investment income. While the distribution rates appear attractive, they may not represent true earnings generation. The fund's explicit statement about distributions potentially exceeding income and gains confirms this analysis. For income-focused investors, it's important to understand that these payouts might erode the investment base over time.
The 0DTE (zero days to expiration) covered call strategy employed by these ETFs represents an aggressive income generation approach in the current market environment. The strategy involves writing daily covered calls, which can generate premium income but may cap upside potential in strong bull markets. The negative SEC yields suggest the premium income isn't currently covering the fund expenses and distribution commitments.
The varying distribution rates between the funds (
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 | 1.14 % | -0.47 % | 12/26/24 | 12/27/24 | |
Roundhill Innovation-100 0DTE Covered Call Strategy ETF | QDTE | 1.85 % | -0.49 % | 12/26/24 | 12/27/24 | |
Roundhill Small Cap 0DTE Covered Call Strategy ETF | RDTE | 0.63 % | -0.40 % | 12/26/24 | 12/27/24 |
The 30-Day SEC Yield** (as of 11/30/24) 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 12/13/24.
**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
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