Roundhill Uranium 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 5 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About UX
The Fund seeks to provide investorswith exposure to changes in the price of physical uranium, in the form of Triuranium Octoxide (U308). Uranium inthis form is a uranium oxide commonly used as an intermediate product in the uranium production process. U308 isa highly stable compound and is a crucial material in the nuclear fuel cycle, valued for its stability and ease of handling. U308is typically produced during the uranium mining and milling process. U308 serves as a precursor in the nuclear fuelcycle. It is converted into uranium hexafluoride (UF₆) during the enrichment process, which increases the concentration of the fissileisotope U-235. The enriched uranium is then fabricated into fuel rods for nuclear reactors. Due to its chemical stability and relativelylow solubility in water, U₃O₈ is used for the safe transport and storage of uranium. Its solid form minimizes the risk ofdispersion or contamination. Nevertheless, U308 is radioactive and direct exposure to it poses health risks, includingradiation exposure and chemical toxicity if inhaled or ingested. The Fund seeks to provide exposureto uranium through investments in swap agreements that utilize the spot price of uranium (“Spot Uranium”) as the referenceasset (“Spot Uranium Derivatives”). The spot price for uranium is determined through private negotiations between buyers andsellers since, unlike for other commodities, there is no formal exchange for uranium. The Fund will measure the spot price of uraniumutilizing the daily settlement price of front month UxC Uranium U308 Futures published by CME Group, which are calculatedbased on the arithmetic average of all weekly spot U308 prices published in Ux Weekly during the contract monthby UxC, LLC (UxC). However, in lieu of or in addition to the exposure provided by Spot Uranium Derivatives, the Fund may also utilizeswap agreements that reference companies that the Advisor believes invest and hold substantially all (i.e., at least 80%) of its assetsin uranium (“Uranium Companies”) or investment trusts that the Advisor believes invest and hold substantially all (i.e., atleast 80%) of its assets in uranium (“Uranium Trusts”) whose value is substantially based upon the value of their uraniumholdings. Such Uranium Companies include Yellow Cake Plc (“Yellow Cake”)) and such Uranium Trusts include the Sprott PhysicalUranium Trust (the “Sprott Uranium Trust”)). The Fund may also invest directly in shares of Uranium Companies and UraniumTrusts. However, the Fund itself will not invest directly in uranium. The Fund will invest at least80% of its net assets (plus any borrowings for investment purposes) in Spot Uranium Derivatives, derivatives that reference Uranium Companiesor Uranium Trusts, and/or equity securities issued by Uranium Companies and Uranium Trusts. For purposes of compliance with this investmentpolicy, derivative contracts will be valued at their notional value. The Fund will also invest inU.S. Treasury securities and money market funds. Such investments will be utilized to collateralize the swap agreements entered into bythe Fund. To the extent that the Fundinvests in Spot Uranium Derivatives, such investments will be undertaken exclusively through a wholly-owned subsidiary of the Fund organizedunder the laws of the Cayman Islands (the “Subsidiary”). The Fund does not invest directly in Spot Uranium Derivatives. TheFund’s investment in the Subsidiary is intended to provide the Fund with the ability to hold Spot Uranium Derivatives in accordancewith applicable rules and regulations. The Subsidiary and the Fund have the same investment adviser, investment sub-adviser and investmentobjective. The Subsidiary also follows the same general investment policies and restrictions as the Fund. Except as noted herein, forpurposes of this prospectus, references to the Fund’s investment strategies and risks include those of the Subsidiary. The Fundcomplies with the provisions of the 1940 Act governing investment policies and capital structure and leverage on an aggregate basis withthe Subsidiary. Furthermore, Roundhill Financial Inc. and Exchange Traded Concepts LLC, as the investment adviser and investment sub-adviserto the Subsidiary, respectively, complies with the provisions of the 1940 Act relating to investment advisory contracts as it relatesto its advisory agreement with the Subsidiary. The Subsidiary also complies with the provisions of the 1940 Act relating to affiliatedtransactions and custody. Because the Fund intends to qualify for treatment as a registered investment company (“RIC”) underSubchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), the size of the Fund’s investment in theSubsidiary will not exceed 25% of the Fund’s total assets at each quarter end of the Fund’s fiscal year. The Fund will be concentrated(i.e., invest more than 25% of its total assets) in investments that provide exposure to the value of uranium. As of March 31,2026, the Fund had significant investments in Canadian companies. To the extent the Fund invests a significant portion of its assets ina given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector. The Fund is classified as “non-diversified”under the Investment Company Act of 1940 (the “1940 Act”). Additional InformationRegarding the Sprott Uranium Trust It is currently expected thatthe Fund will derive a significant amount of its economic exposure to uranium as a result of swap agreements that reference the SprottUranium Trust. The Sprott Uranium Trust investsand holds substantially all of its assets in uranium (U308). The Sprott Uranium Trust is a closed-end trust thatis registered with the Ontario Securities Commission and whose units are listed for trading on the Toronto Stock Exchange. The SprottUranium Trust acquires uranium through industry relationships, leveraging the expertise of its technical adviser, WMC Energy B.V., whichhas uranium industry expertise and advises on matters relating to transactions in and storage of uranium. Once acquired, the uranium isstored in licensed facilities across multiple countries to ensure security and compliance with international regulations. Such storageproviders and locations include Cameco (in Canada), ConverDyn (in the United States) and Orano (in France). As of March 31, 2026, theSprott Uranium Trust held 80.0 million lbs of uranium. Additional InformationRegarding Yellow Cake Plc The Fund may have significantexposure to Yellow Cake, either through direct holdings of securities issued by Yellow Cake or through swap agreements that utilize YellowCake as the reference asset. Yellow Cake was establishedin Jersey, Channel Islands in 2018. Shares of Yellow Cake trade on the London Stock Exchange under the ticker symbol “YCA.”Yellow Cake’s strategy is to buy and hold physical uranium (U308) and engage in uranium-related transactionalactivities, providing investors with liquid exposure to the uranium price and the opportunity to participate in value realized from relatedcommercial activities. Yellow Cake seeks to provide investors with an opportunity to realize value from long-term exposure to the uraniumspot price and uranium-related commercial activities in a low-risk, low-cost, liquid and publicly-quoted vehicle. As of March 31, 2026,Yellow Cake held 21.68 million lbs of physical uranium, equivalent to 15% global uranium production.
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Data for UX 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.