Roundhill S&P 500® Target 10,000 2030 ETF XX Strategy

The investment seeks to provide capital appreciation in the event that the underlying index exceeds the underlying index Target, as measured by the Underlying ETFs and Underlying ETF Target, on the Defined Target Date. The Advisor intends to invest substantially all of its assets in FLexible EXchange® options (“FLEX Options”) that reference an Underlying ETF. The FLEX Options in which the fund invests (the “Target Options”) are structured such that the fund’s overall exposure to the Underlying ETFs behaves like a long call option with a strike price at the Underlying ETF Target with an expiration date of the Defined Target Date. It is non-diversified.