Roundhill Nasdaq-100 0DTE Covered Call ETF Strategy ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 6 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About QDTE
The Fund seeks to achieve itsinvestment objectives through the use of a synthetic covered call strategy that provides current income on a weekly basis, while alsoproviding exposure to the price return of the Nasdaq-100 Index (the “Innovation-100 Index”). In effectuating its investmentstrategy, the Fund will purchase and sell a combination of call option contracts that utilize the Innovation-100 Index as the referenceasset. The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments (suchas options contracts) that utilize the Innovation-100 Index as the reference asset. For purposes of compliance with this investment policy,derivative contracts (i.e. options contracts) will be valued at their notional value. The Fund’s sold call options will generallyhave zero days to expiration, known as “0DTE” options, when sold by the Fund. At market open, or shortly thereafter, on everybusiness day, the Fund generally sells out-of-the-money 0DTE call options on the Innovation-100 Index that will expire at the end of theday. The Fund’s purchased call options will be struck deep-in-the-money and have a longer maturity when purchased, thereby offeringsynthetic long exposure to the Innovation-100 Index. In a traditional covered callstrategy, an investor (such as the Fund) sells a call option on a security it already owns. However, the Fund will derive its long exposureto the price return of the Innovation-100 Index through the use of options contracts that use the Innovation-100 Index as the referenceasset. It is this distinction that causes the Fund’s strategy to be properly termed as a “synthetic covered call strategy”as opposed to a traditional covered call strategy, because the Fund has synthetic exposure to the Innovation-100 Index. The Fund’ssynthetic exposure to the return of the Innovation-100 Index is achieved through purchasing call options that are deeply in-the-money.This refers to the fact that at the time the Fund purchases such call options, the value of the Innovation-100 Index is already well abovethe strike price of the options contract. This means that the Fund will exercise these contracts and will experience a gain equal to thedifference between the strike price of the options contracts and the value of the Innovation-100 Index. These gains will generally provideexposure to the returns of the Innovation-100 Index. However, the Fund’s sale of call options to generate income will potentiallylimit the degree to which the Fund will participate in any gains experienced by Innovation-100 Index beyond a certain point, which isdiscussed in further detail below. As the primary means by whichthe Fund intends to generate income, the Fund will, at market open, or shortly thereafter, on every business day, sell 0DTE Innovation-100Index call options with a strike price above the current value of the Innovation-100 Index (generally referred to as “out-of-the-money”)that will expire at the end of the day. The Fund, as the seller of these call options, receives a payment (“premium”) fromthe buyer. In this way a covered call strategy, such as the one utilized by the Fund, provides an investor with additional income in theform of option premiums. However, it is the sale of these call options to generate income that will limit the Fund’s ability toparticipate in increases in value of the Innovation-100 Index beyond a certain point. If the value of the Innovation-100 Index increases,the Fund’s long exposure to Innovation-100 Index through its purchase of the deeply in-the-money Innovation-100 Index call optionswould allow the Fund to participate in those gains. However, if the Innovation-100 Index appreciates in value beyond the strike priceof the call option contracts that the Fund has sold to generate income, the Fund will lose money on those short call positions, and thelosses will, in turn, limit the upside return of the Fund’s long exposure. This strategy effectively converts a portion of the potentialupside return growth of the Innovation-100 Index into current income. For instance, if, on a given business day, the Fund sold Innovation-100Index call options that were 1% out-of-the-money at the time they were sold, and from the time the options were sold the Innovation-100Index experienced a gain of 2%, the Fund would only experience a gain of 1% because while its long Innovation-100 Index call options wouldproduce a gain of 2%, they were offset by the 1% loss it experienced from its sold Innovation-100 Index call options. However, pleasenote, this example is provided for illustration only. The Fund does not seek to sell call options at a particular strike price. The strikeprice at which such call options are sold is dependent on prevailing market conditions. Additionally, to the extent that the Innovation-100Index lost value on a given day, such loss will be offset to some degree by the premiums earned by the Fund on its sold call options. Inimplementing its investment strategy, the Fund will invest in exchange-traded options contracts and/or FLexible Exchange®options (“FLEX Options”) that utilize the Innovation-100 Index asthe reference asset. The Fund will only invest in options contracts that are listed for trading on regulated U.S. exchanges. Exchange-tradedoptions have standardized terms, such as the type (call or put), the reference asset, the strike price and expiration date. Exchange-tradedoptions contracts are guaranteed for settlement by the Options Clearing Corporation (“OCC”). FLEX Options are a type of exchange-listedoptions contract with uniquely customizable terms that allow investors to customize key terms like type, strike price and expiration datethat are standardized in a typical options contract. FLEX Options are also guaranteed for settlement by the OCC. The options utilizedby the Fund are index options and are therefore cash-settled “European” style options. An option is said to be “EuropeanStyle” when it can be exercised only at expiration whereas an “American Style” option can be exercised at any time priorto expiration. The Fund may also invest inshort-term U.S. Treasury securities, money market funds or an ETF that holds short-term U.S. Treasury securities. To the extent that theFund invests in an ETF that holds short-term U.S. Treasury securities, such ETF is advised by Roundhill Financial Inc., the investmentadviser to the Fund. There may be other unaffiliated ETFs that offer similar exposure at lower cost and/or have better performance overcertain time periods. Such investments will be used to earn additional yield on any cash not invested in options contracts. The Fund intends to make weeklydistribution payments to shareholders. A significant portion of the weekly distributions may be characterized as a return of capital. The Fund is classified as “non-diversified”under the Investment Company Act of 1940 (the “1940 Act”). Additional InformationAbout the Innovation-100 Index The Innovation-100 Index isa globally recognized index that tracks the performance of 100 of the largest non-financial companies listed on the Nasdaq Stock Market®,encompassing a diverse range of industries and sectors. The components of the Innovation-100 Index are weighted pursuant to their marketcapitalization. The index is rebalanced quarterly and reconstituted annually. The Fund will be concentrated(i.e. hold 25% or more of its total assets) in an industry or a group of industries to the extent that the Innovation-100 Indexis so concentrated. As of March 31, 2026, the Innovation-100 Index was concentrated in the information technology sector.
QDTE News
- Fidelity Now Charges $100 to Buy These ETFs. Here’s the List and the Free Alternatives
- The Technical Signals Behind (QDTE) That Institutions Follow
- Two Years of Friday Paydays: The 44% Fund Has Kept Its NAV and Beaten Half of Wall Street
- That 85% ‘Yield’ Lost 73% in a Year: The Weekly Payday Fund That Ate Its Own NAV
- That Friday Payday Fund Has a Small-Cap Sibling Paying 44%, and Small Caps Are Finally Winning
- Return of Capital Disguised as Yield: Why QDTE’s $13.33 Trailing Payout Is Slowly Returning Your Own Money
- Return of Capital Disguised as Yield: Why QDTE’s $13.33 Trailing Payout Is Slowly Returning Your Own Money
- Why QDTE’s 0.97% Fee Costs You More Than Two Weeks of Payouts
- Liquidity Mapping Around (QDTE) Price Events
- Why (QDTE) Price Action Is Critical for Tactical Trading
Data for QDTE is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.