Roundhill MSTR WeeklyPay ETF

Key Statistics

Historical Performance

Total return including reinvested distributions, from adjusted closing prices.

Top Holdings

Top 2 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →

About MSTW

TheFund is actively managed and seeks to achieve its investment objectives by investing in: (i) listed call options, including FLexible EXchange®Options (“FLEX Options”), that utilize MSTR as the reference asset;(ii) total return swap agreements that utilize MSTR as the reference asset; and (iii) shares of MSTR that, in the aggregate, return approximately1.2 times (120%) the calendar week total return of common shares of MSTR while making weekly distribution payments to shareholders. TheFund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in listed call options (including FLEX Options),total return swap agreements that utilize MSTR as the reference asset, and in shares of MSTR. For purposes of compliance with this investmentpolicy, derivative contracts will be valued at their notional value.  There is no guarantee that theFund will successfully provide returns that correspond to approximately 1.2 times (120%) the calendar week total return of shares of MSTR.If the Fund encounters limitations in implementing its secondary investment objective, whether due to market conditions, derivative availability,counterparty issues, seeking to maintain its status as a regulated investment company or other factors, the Fund may not achieve investmentresults, before fees and expenses, that correspond to 1.2 times (120%) the weekly performance of MSTR, and may achieve substantially returnsduring such periods. During such periods, the Fund’s actual leverage levels may differ substantially from its intended target, bothintraweek and at the close of trading on each calendar week, potentially resulting in significantly lower returns. Nevertheless, it isunlikely that the Fund’s failure to achieve its secondary investment objective would impact its ability to achieve its primary investmentobjective. The implication of an investmentstrategy that seeks to provide a weekly return that is approximately 1.2 times (120%) the calendar week total return of shares of MSTRis that if MSTR experiences an increase in value over a given calendar week, the Fund could be expected to experience a gain approximately20% larger than the gain experienced by MSTR. Conversely, if MSTR experiences a decrease in value over a given calendar week, the Fundcould be expected to experience a loss approximately 20% larger than the loss experienced by MSTR. On the close of the last businessday every calendar week, the Fund’s exposure will be reset to approximately 1.2 times (120%). The reset of the leverage factor mayresult in either a decrease or increase in notional exposure, depending on the performance of MSTR over the course of a given week. Therefore,the Fund will provide exposure to the weekly total return of MSTR shares. Accordingly, the Fund is not an appropriate investment for investorsseeking exposure to the daily total return of MSTR shares. A “calendar week” ismeasured from the close of trading on the final day of the week that the New York Stock Exchange (“NYSE”) is open for tradingon one week to the close of trading on the final day of the subsequent week that the NYSE is open for trading. For example, if Thursdayis the last day of the week that the NYSE is open for trading in a given week, and Friday is the last day of the subsequent week thatthe NYSE is open for trading, the Fund will provide exposure to the performance of MSTR shares from the close of trading on Thursday untilthe close of trading on the following Friday. In addition to providing 1.2 times(120%) exposure to the total return of MSTR shares over a given calendar week, the Fund will make weekly distribution payments to shareholders.The amount of each week’s distribution is based upon a formula that incorporates a number of dynamic market-based inputs, includingthe recent total return of MSTR shares and the implied volatility of MSTR shares. Accordingly, the Fund’s weekly distribution shouldbe expected to change from week to week. The Adviser intends for a significant portion of the Fund’s weekly distributions to becharacterized as return of capital, though it can make no assurances this will be the case. Return of capital represents a return of aportion of the Fund shareholder’s invested capital and is not taxable in the year it is received unless the distribution exceedsa shareholder’s basis in the Fund. However, a return of capital may result in an increase in a later gain on a sale of Fund Sharesor a reduction of a loss. The Fund seeks to achieve its investmentobjectives without regard to overall market movement or the increase or decrease in the value of MSTR shares. Accordingly, the Fund willnot take defensive positions. In addition to the Fund’slisted call options (including FLEX Options), total return swap agreements and common stock of MSTR, the Fund will also invest significantlyin short-term U.S. Treasury securities, short-term U.S. Treasury ETFs and money market funds that will be used to collateralize such agreements.The Fund may also utilize reverse repurchase agreements in helping to manage the Fund’s investment exposure. As a result of its investment strategies,the Fund will be concentrated in the industry or group of industries to which MSTR is assigned (i.e., hold 25% or more of its totalassets in investments that provide exposure to the industry or group of industries to which MSTR is assigned). As of July 1, 2025, MSTRis assigned to the “software & services” industry group of the information technology sector. The Fund is classified as “non-diversified”under the Investment Company Act of 1940 (the “1940 Act”). It is critical that investorsunderstand the following: 1.An investment in the Fund is not an investment in MSTR. 2.The Fund’s strategy is subject to all potential losses if MSTR shares decrease in value and maylose all of its value if shares of MSTR decrease by 83.33 percent over the course of any calendar week. Additional Information AboutMSTR MSTR develops enterprise analyticssoftware solutions. It is also an operating company committed to the continued development of the Bitcoin network through its activitiesin the financial markets, advocacy and technology innovation. A primary source of the MSTR’s value is the amount of bitcoin it holds.As of March 31, 2026, it has been reported that MSTR held approximately 762,099 bitcoin, valued at around $51.5 billion. MSTR is registeredunder the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Information provided to or filed with the Securitiesand Exchange Commission by MSTR pursuant to the Exchange Act can be located by reference to the Securities and Exchange Commission filenumber 001-42509 through the Securities and Exchange Commission’s website at www.sec.gov. In addition, information regarding MSTRmay be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents. The Fund has derived all disclosurescontained in this document regarding MSTR from the publicly available documents described above. Neither the Fund, the Trust, the Adviser,the Sub-Adviser nor any affiliate has participated in the preparation of such documents. Neither the Fund, the Trust, the Adviser, theSub-Adviser nor any affiliate makes any representation that such publicly available documents or any other publicly available informationregarding MSTR is accurate or complete. Furthermore, the Fund cannot give any assurance that all events occurring prior to the date ofthe prospectus (including events that would affect the accuracy or completeness of the publicly available documents described above) thatwould affect the trading price of MSTR have been publicly disclosed. Subsequent disclosure of any such events or the disclosure of, orfailure to disclose, material future events concerning MSTR could affect the value of the Fund’s investments with respect to MSTRand therefore the value of the Fund. Lastly, neither the Fund, the Trust, the Adviser nor the Sub-Adviser, nor any of their respectiveaffiliates, make any representations investors as to the performance of MSTR. Additional Information Aboutthe FLEX Options In implementing its investment strategy,the Fund may invest in FLEX Options that utilize MSTR as the reference asset. The Fund will only invest in options contracts that arelisted for trading on regulated U.S. exchanges. Exchange-traded options have standardized terms, such as the type (call or put), the referenceasset, the strike price and expiration date. Exchange-traded options contracts are guaranteed for settlement by the Options Clearing Corporation(“OCC”). FLEX Options are a type of exchange-listed options contract with uniquely customizable terms that allow investorsto customize key terms like type, strike price and expiration date that are standardized in a typical options contract. FLEX Options arealso guaranteed for settlement by the OCC. The options utilized by the Fund may be “European” style or “American”style options. An option is said to be “European Style” when it can be exercised only at expiration whereas an “AmericanStyle” option can be exercised at any time prior to expiration.

MSTW News

• No recent news found for MSTW.