YBTC – Roundhill Bitcoin Covered Cll Strat ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide current income. The fund seeks to achieve its investment objectives through the use of a synthetic covered call strategy that provides current income on a monthly basis, while also providing exposure to the price return of one or more exchange-traded funds (“ETFs”) that provide exposure to bitcoin and whose shares trade on a U.S.-regulated securities exchange. It will invest at least 80% of its net assets in options contracts that utilize a Bitcoin ETF as the reference asset. For purposes of compliance with this investment policy, derivative contracts will be valued at their notional value. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
YBTC	Roundhill Bitcoin Covered Call Strategy ETF	ETF	Open	—	—	Jan 17, 2024	$126.62M	0.950%	—	—	−$84.04M

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