Roundhill ETFs

 

Roundhill Video Games ETF (NERD)

 

Roundhill Sports Betting & iGaming ETF (BETZ)

 

Roundhill Ball Metaverse ETF (METV)

 

Roundhill IO Digital Infrastructure ETF (BYTE)

 

Roundhill MEME ETF (MEME)

 

Roundhill Cannabis ETF (WEED)

 

Roundhill BIG Bank ETF (BIGB)

 

Roundhill BIG Tech ETF (BIGT)

 

 

SEMI-ANNUAL REPORT

 

June 30, 2023
(Unaudited)

 

 

 

 

Roundhill ETFs

Table of Contents

(Unaudited)

 

   

Schedules of Investments and Total Return Swaps

2

Statements of Assets and Liabilities

18

Statements of Operations

21

Statements of Changes in Net Assets

24

Financial Highlights

28

Notes to Financial Statements

32

Board Consideration and Approval of Advisory and Sub-Advisory Agreements

46

Shareholder Expense Example

56

Supplemental Information

58

Review of Liquidity Risk Management Program

60

 

 

1

 

 

Roundhill Video Games ETF

Schedule of Investments

June 30, 2023 (Unaudited)

 

 

Description

 

Shares

   

Value

 

COMMON STOCKS — 100.0%

               

Computers — 1.4%

               

Keywords Studios PLC (b)

    14,793     $ 340,406  
                 

Internet — 3.9%

               

NCSoft Corp. (b)

    1,980       443,290  

Webzen, Inc. (b)

    24,403       256,318  

Wemade Co., Ltd. (b)

    9,181       272,089  
              971,697  

Software — 74.2% (d)

               

AppLovin Corp. - Class A (a)(e)

    22,255       572,621  

Capcom Co., Ltd. (b)

    20,900       823,506  

CD Projekt SA (b)

    15,286       582,591  

COLOPL, Inc. (b)

    59,800       268,931  

Com2uS Corp. (b)

    5,761       264,954  

DeNA Co., Ltd. (b)

    24,700       319,570  

Electronic Arts, Inc.

    19,220       2,492,834  

Embracer Group AB (a)(b)

    124,537       310,844  

Gree, Inc. (b)

    56,400       248,958  

GungHo Online Entertainment, Inc. (b)

    18,800       367,454  

IGG, Inc. (a)(b)

    568,000       281,224  

International Games System Co., Ltd. (b)

    25,131       498,674  

Kakao Games Corp. (a)(b)

    12,416       309,540  

Koei Tecmo Holdings Co., Ltd. (b)

    25,200       433,353  

Konami Group Corp. (b)

    11,000       572,394  

Krafton, Inc. (a)(b)

    4,168       616,193  

MIXI, Inc. (b)

    15,800       292,421  

Modern Times Group AB - Class B (a)(b)

    45,482       289,492  

Netmarble Corp. (a)(b)(f)

    8,078       301,013  

Nexon Co., Ltd. (b)

    39,100       743,126  

Paradox Interactive AB (b)

    14,564       367,023  

Pearl Abyss Corp. (a)(b)

    10,526       420,193  

ROBLOX Corp. - Class A (a)(e)

    40,448       1,630,054  

Sega Sammy Holdings, Inc. (b)

    24,300       516,481  

Square Enix Holdings Co., Ltd. (b)

    10,400       481,234  

Stillfront Group AB (a)(b)

    165,106       275,602  

Take-Two Interactive Software, Inc. (a)(e)

    12,887       1,896,451  

Software (Continued)

               

Team17 Group PLC (a)(b)

    64,694     $ 296,094  

Ubisoft Entertainment SA (a)(b)

    14,937       421,748  

Unity Software, Inc. (a)(e)

    25,622       1,112,507  

Wemade Max Co., Ltd. (a)(b)

    30,716       241,504  
              18,248,584  

Toys/Games/Hobbies — 20.5%

               

Bandai Namco Holdings, Inc. (b)

    33,900       778,925  

Nintendo Co., Ltd. (b)

    94,000       4,254,665  
              5,033,590  

TOTAL COMMON STOCKS (Cost $25,761,323)

            24,594,277  
                 

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING — 20.2%

               

Mount Vernon Liquid Assets Portfolio, LLC, 5.22% (c)

    4,989,523       4,989,523  

TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $4,989,523)

            4,989,523  
                 

TOTAL INVESTMENTS (Cost $30,750,846) — 120.2%

            29,583,800  

Other assets and liabilities, net — (20.2)%

            (4,980,788 )

NET ASSETS — 100.0%

          $ 24,603,012  

 

PLC Public Limited Company

 

(a)

Non-income producing security.

 

(b)

Foreign issued security, or represents a foreign issued security.

 

(c)

The rate shown is the seven day yield at period end.

 

(d)

To the extent the Fund invests more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect those sectors.

 

(e)

All or a portion of this security is on loan as of June 30, 2023. The market value of securities out on loan is $4,950,887.

 

(f)

Security exempt from registration pursuant to Rule 144a under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

 

Percentages are stated as a percent of net assets.

 

The accompanying notes are an integral part of the financial statements.

 

2

 

 

Roundhill Video Games ETF

Schedule of Investments

June 30, 2023 (Unaudited) (Continued)

 

COUNTRY

Percentage
of Net Assets

Japan

41.1%

United States

31.3%

Republic of Korea

12.7%

Sweden

5.1%

United Kingdom

2.6%

Poland

2.4%

Taiwan

2.0%

France

1.7%

Cayman Islands

1.1%

Total Country

100.0%

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING

20.2%

TOTAL INVESTMENTS

120.2%

Other assets and liabilities, net

-20.2%

NET ASSETS

100.0%

 

 

The accompanying notes are an integral part of the financial statements.

 

3

 

 

Roundhill Sports Betting & iGaming ETF

Schedule of Investments

June 30, 2023 (Unaudited)

 

 

Description

 

Shares

   

Value

 

COMMON STOCKS — 99.5%

               

Entertainment — 89.7% (e)

               

888 Holdings PLC (a)(b)

    1,922,574     $ 2,395,365  

Aristocrat Leisure, Ltd. (b)

    118,882       3,059,315  

Bally’s Corp. (a)(f)

    162,299       2,525,372  

Betmakers Technology Group, Ltd. (a)(b)

    9,688,709       838,408  

Betsson AB (a)(b)

    212,543       2,258,981  

Caesars Entertainment, Inc. (a)(f)

    102,258       5,212,090  

Churchill Downs, Inc.

    34,772       4,839,219  

DraftKings, Inc. - Class A (a)(f)

    348,390       9,256,722  

Entain PLC (b)

    413,247       6,682,815  

Evolution Gaming Group AB (b)(c)

    34,324       4,340,192  

Flutter Entertainment PLC (a)(b)

    36,119       7,255,301  

GAN, Ltd. (a)(b)(f)

    423,472       694,494  

Genius Sports, Ltd. (a)(b)

    781,225       4,835,783  

International Game Technology PLC (b)

    108,432       3,457,897  

Intralot SA-Integrated Information Systems & Gaming Services (a)(b)

    153,268       100,329  

Kambi Group PLC (a)(b)

    88,619       1,627,768  

Kindred Group PLC - SDR (b)

    458,255       4,872,616  

La Francaise des Jeux SAEM (b)(c)

    69,055       2,715,219  

Light & Wonder, Inc. (a)(f)

    48,590       3,341,048  

NEOGAMES SA (a)(b)

    883,365       3,016,503  

OPAP SA (b)

    96,459       2,519,509  

Penn National Gaming, Inc. (a)(f)

    176,988       3,085,642  

PointsBet Holdings, Ltd. (a)(b)

    232,498       5,586,928  

Rush Street Interactive, Inc. (a)

    3,584,158       4,270,575  

Sportradar Holding AG - Class A (a)(b)(f)

    859,674       2,682,183  

STS Holding SA (b)

    181,301       2,338,783  

Super Group SGHC, Ltd. (a)(b)(f)

    66,201       395,125  

Tabcorp Holdings, Ltd. (b)

    179,140       519,506  

The Lottery Corp., Ltd. (b)

    9,419,596       6,959,876  

Tokyotokeiba Co., Ltd. (b)

    96,800       2,625,357  
              104,308,921  

Internet — 0.8%

               

Catena Media PLC (a)(b)(f)

    276,662     $ 501,261  

Gambling.com Group, Ltd. (a)(b)

    29,911       306,289  

Gaming Innovation Group, Inc. (a)

    40,943       94,394  
              901,944  

Lodging — 6.6%

               

Boyd Gaming Corp. (f)

    45,458       3,153,421  

MGM Resorts International

    102,203       4,488,756  
              7,642,177  

Software — 2.4%

               

Better Collective AS (a)(b)

    21,373       441,260  

Bragg Gaming Group, Inc. (a)(b)

    46,334       143,213  

Playtech PLC (a)(b)

    302,875       2,271,842  
              2,856,315  

TOTAL COMMON STOCKS (Cost $163,270,312)

            115,709,357  
                 

Warrants — 0.0% (h)

               

PointsBet Holdings, Ltd., Expiration: July 2024, Exercise Price: $10.00 (a)(b)(g)

    151,840        

TOTAL WARRANTS (Cost $0)

             
                 

SHORT-TERM INVESTMENTS — 0.4%

               

Money Market Fund — 0.4%

               

First American Government Obligations Fund, Class X, 5.01% (d)

    474,149       474,149  

TOTAL SHORT-TERM INVESTMENTS (Cost $474,149)

            474,149  
                 

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING — 13.6%

               

Mount Vernon Liquid Assets Portfolio, LLC, 5.22% (d)

    15,819,564       15,819,564  

TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $15,819,564)

            15,819,564  
                 

TOTAL INVESTMENTS (Cost $179,564,025) — 113.5%

            132,003,070  

Other assets and liabilities, net — (13.5)%

            (15,727,787 )

NET ASSETS — 100.0%

          $ 116,275,283  

 

PLC Public Limited Company

 

SDR Special Drawing Rights

 

(a)

Non-income producing security.

 

(b)

Foreign issued security, or represents a foreign issued security.

 

(c)

Security exempt from registration pursuant to Rule 144a under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

 

(d)

The rate shown is the seven day yield at period end.

 

The accompanying notes are an integral part of the financial statements.

 

4

 

 

Roundhill Sports Betting & iGaming ETF

Schedule of Investments

June 30, 2023 (Unaudited) (Continued)

 

(e)

To the extent the Fund invests more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect those sectors.

 

(f)

All or a portion of this security is on loan as of June 30, 2023. The market value of securities out on loan is $15,618,389.

 

(g)

Value determined based on estimated fair value. The value of these securities total $0, which represents 0.00% of net assets. Classified as Level 3 in the fair value hierarchy.

 

(h)

Amount is less than 0.05%.

 

Percentages are stated as a percent of net assets.

 

COUNTRY

Percentage
of Net Assets

United States

35.4%

Australia

15.6%

Isle of Man

7.7%

Ireland

6.2%

Malta

6.0%

Sweden

5.7%

Guernsey

4.6%

United Kingdom

3.0%

Greece

2.7%

France

2.3%

Japan

2.3%

Luxembourg

2.2%

Gibraltar

2.1%

Switzerland

2.0%

Bermuda

0.6%

Denmark

0.4%

Poland

0.3%

Jersey

0.3%

Canada

0.1%

Total Country

99.5%

WARRANTS

0.0%*

SHORT-TERM INVESTMENTS

0.4%

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING

13.6%

TOTAL INVESTMENTS

113.5%

Other assets and liabilities, net

-13.5%

NET ASSETS

100.0%

 

*

Amount is less than 0.05%.

 

The accompanying notes are an integral part of the financial statements.

 

5

 

 

Roundhill Ball Metaverse ETF

Schedule of Investments

June 30, 2023 (Unaudited)

 

 

Description

 

Shares

   

Value

 

COMMON STOCKS — 99.2%

               

Apparel — 0.6%

               

NIKE, Inc. - Class B

    27,765     $ 3,064,423  
                 

Commercial Services — 0.2%

               

Block, Inc. (a)

    8,930       594,470  

PayPal Holdings, Inc. (a)

    8,996       600,303  
              1,194,773  

Computers — 8.2%

               

Apple, Inc.

    210,788       40,886,548  
                 

Diversified Financial Services — 0.8%

               

Coinbase Global, Inc. - Class A (a)(e)

    56,661       4,054,095  
                 

Electronic Equipment, Instruments & Components — 1.2%

               

HEXAGON AB (b)

    496,593       6,103,221  
                 

Home Furnishings — 3.0%

               

Sony Group Corp. (b)

    165,500       14,845,591  
                 

Internet — 26.0% (d)

               

Alibaba Group Holding, Ltd. (a)(b)

    660,400       6,842,825  

Alphabet, Inc. - Class A (a)

    120,680       14,445,396  

Amazon.com, Inc. (a)

    123,638       16,117,450  

Baidu, Inc. - ADR (a)(b)

    96,367       13,193,606  

Edgio, Inc. (a)

    6,052,114       4,079,125  

Meta Platforms, Inc. - Class A (a)

    99,680       28,606,166  

NAVER Corp. (b)

    41,793       5,798,020  

Sea, Ltd. - ADR (a)(b)(e)

    135,261       7,850,548  

Snap, Inc. - Class A (a)(e)

    1,213,912       14,372,718  

Tencent Holdings, Ltd. (b)

    422,700       17,886,241  
              129,192,095  

Media — 1.7%

               

The Walt Disney Co. (a)

    92,681     $ 8,274,560  
                 

Semiconductors — 23.5

               

Advanced Micro Devices, Inc. (a)

    78,055       8,891,245  

Applied Materials, Inc. (e)

    36,016       5,205,753  

ASML Holding NV (b)

    10,834       7,851,942  

Broadcom, Inc.

    3,356       2,911,095  

Intel Corp.

    152,455       5,098,095  

Marvell Technology, Inc.

    46,165       2,759,744  

NVIDIA Corp.

    66,996       28,340,648  

QUALCOMM, Inc.

    151,571       18,043,012  

Samsung Electronics Co., Ltd. (b)

    211,072       11,565,589  

Skyworks Solutions, Inc.

    53,491       5,920,919  

Taiwan Semiconductor Manufacturing Co., Ltd. - ADR (b)

    147,693       14,905,178  

Texas Instruments, Inc.

    28,969       5,214,999  
              116,708,219  

Software — 31.4% (d)

               

Activision Blizzard, Inc. (a)

    37,181       3,134,358  

Adobe, Inc. (a)

    11,390       5,569,596  

Akamai Technologies, Inc. (a)

    62,012       5,573,018  

Autodesk, Inc. (a)(e)

    79,146       16,194,063  

Bentley Systems, Inc. - Class B (e)

    52,070       2,823,756  

Cloudflare, Inc. - Class A (a)(e)

    87,808       5,740,009  

Electronic Arts, Inc.

    61,173       7,934,138  

Krafton, Inc. (a)(b)

    18,687       2,762,667  

Matterport, Inc. (a)(e)

    2,906,372       9,155,072  

Microsoft Corp.

    61,704       21,012,680  

NetEase, Inc. - ADR (b)(e)

    63,525       6,142,232  

PTC, Inc. (a)

    19,207       2,733,156  

ROBLOX Corp. - Class A (a)(e)

    994,627       40,083,468  

Take-Two Interactive Software, Inc. (a)

    69,509       10,228,944  

Unity Software, Inc. (a)(e)

    394,476       17,128,148  
              156,215,305  

Telecommunications — 2.0%

               

Lumen Technologies, Inc. (e)

    3,130,569       7,075,086  

Planet Labs PBC (a)(e)

    849,741       2,736,166  
              9,811,252  

Toys/Games/Hobbies — 0.6%

               

Nintendo Co., Ltd. (b)

    67,600       3,059,738  
                 

TOTAL COMMON STOCKS (Cost $572,640,739)

            493,409,820  
                 

REAL ESTATE INVESTMENT TRUSTS — 0.6%

               

Equinix, Inc.

    3,809       2,986,027  

TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $2,995,696)

            2,986,027  

 

The accompanying notes are an integral part of the financial statements.

 

6

 

 

Roundhill Ball Metaverse ETF

Schedule of Investments

June 30, 2023 (Unaudited) (Continued)

 

Description

 

Shares

   

Value

 

SHORT-TERM INVESTMENTS — 0.2%

               

Money Market Fund — 0.2%

               

First American Government Obligations Fund, Class X, 5.01% (c)

    1,287,330     $ 1,287,330  

TOTAL SHORT-TERM INVESTMENTS (Cost $1,287,330)

            1,287,330  
                 

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING — 11.7%

               

Mount Vernon Liquid Assets Portfolio, LLC, 5.22% (c)

    58,319,141       58,319,141  

TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $58,319,141)

            58,319,141  
                 

TOTAL INVESTMENTS (Cost $635,242,906) — 111.7%

            556,002,318  

Other assets and liabilities, net — (11.7)%

            (58,425,294 )

NET ASSETS — 100.0%

          $ 497,577,024  

 

ADR American Depositary Receipt

 

(a)

Non-income producing security.

 

(b)

Foreign issued security, or represents a foreign issued security.

 

(c)

The rate shown is the seven day yield at period end.

 

(d)

To the extent the Fund invests more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect those sectors.

 

(e)

All or a portion of this security is on loan as of June 30, 2023. The market value of securities out on loan is $57,269,608.

 

Percentages are stated as a percent of net assets.

 

COUNTRY

Percentage
of Net Assets

United States

75.3%

Cayman Islands

10.4%

Republic of Korea

4.1%

Japan

3.6%

Taiwan

3.0%

Netherlands

1.6%

Sweden

1.2%

Total Country

99.2%

REAL ESTATE INVESTMENT TRUSTS

0.6%

SHORT-TERM INVESTMENTS

0.2%

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING

11.7%

TOTAL INVESTMENTS

111.7%

Other assets and liabilities, net

-11.7%

NET ASSETS

100.0%

 

The accompanying notes are an integral part of the financial statements.

 

7

 

 

Roundhill IO Digital Infrastructure ETF

Schedule of Investments

June 30, 2023 (Unaudited)

 

 

Description

 

Shares

   

Value

 

COMMON STOCKS — 73.4%

               

Engineering & Construction — 6.2%

               

Cellnex Telecom SA (b)(c)

    480     $ 19,371  

China Tower Corp., Ltd. (b)(c)

    936,000       103,912  

Helios Tower PLC (a)(b)

    14,287       16,910  

Infrastrutture Wireless Italiane SpA (b)(c)

    1,477       19,466  

Sarana Menara Nusantara Tbk PT (b)

    284,400       20,013  
              179,672  

Internet — 3.8%

               

Cogent Communications Holdings, Inc.

    1,365       91,851  

Vnet Group, Inc. - ADR (a)(b)

    5,488       15,915  
              107,766  

Media — 37.8% (e)

               

Altice USA, Inc. - Class A (a)

    23,240       70,185  

Cable One, Inc. (f)

    237       155,728  

Charter Communications, Inc. - Class A (a)(f)

    505       185,522  

Cogeco Communications, Inc. (b)

    4,279       228,591  

Comcast Corp. - Class A

    5,105       212,113  

Converge Information and Communications Technology Solutions, Inc. (a)(b)

    197,400       39,051  

Liberty Global PLC - Class A (a)(b)

    969       16,337  

Liberty Latin America, Ltd. - Class C (a)(b)

    6,814       58,737  

NOS SGPS SA (b)

    3,930       13,960  

Quebecor, Inc. - Class B (b)

    791       19,517  

Telenet Group Holding NV (b)

    1,166       26,231  

WideOpenWest, Inc. (a)

    7,185       60,641  
              1,086,613  

Telecommunications — 25.6% (e)

               

Aussie Broadband, Ltd. (a)(b)

    77,457       153,647  

Chindata Group Holdings, Ltd. - ADR (a)(b)(f)

    2,761       19,769  

Chorus, Ltd. (b)

    3,612       18,644  

Consolidated Communications Holdings, Inc. (a)

    21,090       80,775  

Telecommunications (Continued)

               

DigitalBridge Group, Inc. (f)

    6,024     $ 88,613  

Frontier Communications Parent, Inc. (a)

    2,849       53,105  

GDS Holdings, Ltd. - ADR (a)(b)(f)

    1,156       12,704  

Gogo, Inc. (a)

    3,618       61,542  

Lumen Technologies, Inc. (f)

    41,393       93,548  

Megacable Holdings SAB de CV (b)

    6,723       15,547  

NetLink NBN Trust (b)

    28,461       17,981  

NEXTDC, Ltd. (a)(b)

    2,648       22,174  

Shenandoah Telecommunications Co.

    960       18,653  

Telekom Malaysia Berhad (b)

    75,820       79,759  
              736,461  

TOTAL COMMON STOCKS (Cost $2,575,133)

            2,110,512  
                 

REAL ESTATE INVESTMENT TRUSTS — 25.8% (e)

               

American Tower Corp.

    652       126,449  

Crown Castle International Corp.

    765       87,164  

Digital Realty Trust, Inc.

    676       76,976  

Equinix, Inc.

    208       163,059  

SBA Communications Corp.

    346       80,189  

Uniti Group, Inc. (f)

    45,358       209,554  

TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $804,135)

            743,391  
                 

SHORT-TERM INVESTMENTS — 0.7%

               

Money Market Fund — 0.7%

               

First American Government Obligations Fund, Class X, 5.01% (d)

    20,269       20,269  

TOTAL SHORT-TERM INVESTMENTS (Cost $20,269)

            20,269  
                 

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING — 21.2%

               

Mount Vernon Liquid Assets Portfolio, LLC, 5.22% (d)

    610,919       610,919  

TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $610,919)

            610,919  
                 

TOTAL INVESTMENTS (Cost $4,010,456) — 121.1%

            3,485,091  

Other assets and liabilities, net — (21.1)%

            (607,267 )

NET ASSETS — 100.0%

          $ 2,877,824  

 

ADR American Depositary Receipt

 

PLC Public Limited Company

 

(a)

Non-income producing security.

 

(b)

Foreign issued security, or represents a foreign issued security.

 

The accompanying notes are an integral part of the financial statements.

 

8

 

 

Roundhill IO Digital Infrastructure ETF

Schedule of Investments

June 30, 2023 (Unaudited) (Continued)

 

(c)

Security exempt from registration pursuant to Rule 144a under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

 

(d)

The rate shown is the seven day yield at period end.

 

(e)

To the extent the Fund invests more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect those sectors.

 

(f)

All or a portion of this security is on loan as of June 30, 2023. The market value of securities out on loan is $592,069.

 

Percentages are stated as a percent of net assets.

 

COUNTRY

Percentage
of Net Assets

United States

40.8%

Canada

8.6%

Australia

6.1%

China

3.6%

Malaysia

2.8%

Bermuda

2.0%

Cayman Islands

1.7%

Philippines

1.4%

United Kingdom

1.2%

Belgium

0.9%

Indonesia

0.7%

Italy

0.7%

Spain

0.7%

New Zealand

0.6%

Singapore

0.6%

Mexico

0.5%

Portugal

0.5%

Total Country

73.4%

REAL ESTATE INVESTMENT TRUSTS

25.8%

SHORT-TERM INVESTMENTS

0.7%

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING

21.2%

TOTAL INVESTMENTS

121.1%

Other assets and liabilities, net

-21.1%

NET ASSETS

100.0%

 

The accompanying notes are an integral part of the financial statements.

 

9

 

 

Roundhill MEME ETF

Schedule of Investments

June 30, 2023 (Unaudited)

 

 

Description

 

Shares

   

Value

 

COMMON STOCKS — 99.8%

               

Aerospace & Defense — 4.2%

               

Rocket Lab USA, Inc. (a)

    7,602     $ 45,612  
                 

Airlines — 4.4%

               

Delta Air Lines, Inc. (a)

    995       47,302  
                 

Auto Manufacturers — 12.4%

               

NIO, Inc. - ADR (a)(b)

    4,529       43,886  

Rivian Automotive, Inc. - Class A (a)(d)

    2,861       47,664  

Tesla, Inc. (a)

    163       42,668  
              134,218  

Commercial Services — 3.6%

               

Affirm Holdings, Inc. (a)(d)

    2,554       39,153  
                 

Computers — 11.8%

               

International Business Machines Corp.

    310       41,481  

Super Micro Computer, Inc. (a)

    184       45,862  

Zscaler, Inc. (a)

    276       40,379  
              127,722  

Diversified Financial Services — 8.9%

               

Coinbase Global, Inc. - Class A (a)

    766       54,807  

Upstart Holdings, Inc. (a)(d)

    1,143       40,931  
              95,738  

Entertainment — 3.7%

               

AMC Entertainment Holdings, Inc. - Class A (a)(d)

    9,058       39,855  
                 

Financial Services — 3.8%

               

Sofi Technologies, Inc. (a)(d)

    4,950       41,283  
                 

Internet — 3.9%

               

Robinhood Markets, Inc. - Class A (a)

    4,244       42,355  

Leisure Time — 7.9%

               

Carnival Corp. (a)(b)

    2,694     $ 50,728  

Virgin Galactic Holdings, Inc. (a)(d)

    9,000       34,920  
              85,648  

Retail — 16.2%

               

Carvana Co. (a)

    1,681       43,572  

Dave & Buster’s Entertainment, Inc. (a)

    1,060       47,234  

GameStop Corp. - Class A (a)

    1,733       42,025  

Lululemon Athletica, Inc. (a)

    111       42,014  
              174,845  

Semiconductors — 3.8%

               

Advanced Micro Devices, Inc. (a)

    355       40,438  
                 

Software — 15.2%

               

Cloudflare, Inc. - Class A (a)

    629       41,118  

DocuSign, Inc. (a)

    791       40,412  

Gitlab, Inc. - Class A (a)(d)

    831       42,473  

Palantir Technologies, Inc. - Class A (a)

    2,612       40,042  
              164,045  

TOTAL COMMON STOCKS (Cost $960,729)

            1,078,214  
                 

SHORT-TERM INVESTMENTS — 0.1%

               

Money Market Fund — 0.1%

               

First American Government Obligations Fund, Class X, 5.01% (c)

    877       877  

TOTAL SHORT-TERM INVESTMENTS (Cost $877)

            877  
                 

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING — 26.3%

               

Mount Vernon Liquid Assets Portfolio, LLC, 5.22% (c)

    283,883       283,883  

TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $283,883)

            283,883  
                 

TOTAL INVESTMENTS (Cost $1,245,489) — 126.2%

            1,362,974  

Other assets and liabilities, net — (26.2)%

            (283,129 )

NET ASSETS — 100.0%

          $ 1,079,845  

 

ADR American Depositary Receipt

 

(a)

Non-income producing security.

 

(b)

Foreign issued security, or represents a foreign issued security.

 

(c)

The rate shown is the seven day yield at period end.

 

(d)

All or a portion of this security is on loan as of June 30, 2023. The market value of securities out on loan is $271,886.

 

Percentages are stated as a percent of net assets.

 

The accompanying notes are an integral part of the financial statements.

 

10

 

 

Roundhill MEME ETF

Schedule of Investments

June 30, 2023 (Unaudited) (Continued)

 

COUNTRY

Percentage
of Net Assets

United States

91.0%

Panama

4.7%

Cayman Islands

4.1%

Total Country

99.8%

SHORT-TERM INVESTMENTS

0.1%

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING

26.3%

TOTAL INVESTMENTS

126.2%

Other assets and liabilities, net

-26.2%

NET ASSETS

100.0%

 

 

The accompanying notes are an integral part of the financial statements.

 

11

 

 

Roundhill Cannabis ETF

Schedule of Investments

June 30, 2023 (Unaudited)

 

 

Description

 

Shares

   

Value

 

SHORT-TERM INVESTMENTS — 100.2%

               

Money Market Fund — 0.5%

               

First American Government Obligations Fund, Class X, 5.01% (a)

    9,883     $ 9,883  

Total Money Market Fund (Cost $9,883)

            9,883  
                 

U.S. Treasury Bills — 99.7%

               

4.96%, 07/05/2023 (b)(c)

    2,110,000       2,108,865  

Total U.S. Treasury Bills (Cost $2,108,865)

            2,108,865  

TOTAL SHORT-TERM INVESTMENTS (Cost $2,118,748)

            2,118,748  
                 

TOTAL INVESTMENTS (Cost $2,118,748) — 100.2%

            2,118,748  

Other assets and liabilities, net — (0.2)%

            (4,652 )

NET ASSETS — 100.0%

          $ 2,114,096  

 

(a)

The rate shown is the seven day yield at period end.

 

(b)

The rate shown is the effective yield as of June 30, 2023.

 

(c)

Held as collateral for total return swaps.

 

Percentages are stated as a percent of net assets.

 

 

Percentage
of Net Assets

SHORT-TERM INVESTMENTS

100.2%

TOTAL INVESTMENTS

100.2%

Other assets and liabilities, net

-0.2%

NET ASSETS

100.0%

 

The accompanying notes are an integral part of the financial statements.

 

12

 

 

Roundhill Cannabis ETF

Schedule of Total Return Swaps

June 30, 2023 (Unaudited)

 

Long Total Return
Equity Swaps

 

Fund Pays/
Receives
Reference
Entity

 

Counterparty

 

Payment
Frequency

 

Financing Rate

 

Expiration
Date

   

Upfront
Premiums
Paid/Received

   

Notional
Amount

   

Value/
Unrealized
Appreciation
(Depreciation)

 

Columbia Care, Inc. Swap

Receives

Nomura Securities International, Inc.

Monthly

Overnight Bank Funding Rate Index + 1.50%

June 20, 2024

  $     $ 48,789     $  

Cresco Labs, Inc. Swap

Receives

Nomura Securities International, Inc.

Monthly

Overnight Bank Funding Rate Index + 1.50%

June 20, 2024

          159,540        

Curaleaf Holdings, Inc. Swap

Receives

Nomura Securities International, Inc.

Monthly

Overnight Bank Funding Rate Index + 1.50%

June 20, 2024

          703,922        

Green Thumb Industries, Inc. Swap

Receives

Nomura Securities International, Inc.

Monthly

Overnight Bank Funding Rate Index + 1.50%

June 20, 2024

          639,028        

Trulieve Cannabis Corp. Swap

Receives

Nomura Securities International, Inc.

Monthly

Overnight Bank Funding Rate Index + 1.50%

June 20, 2024

          228,387        

Verano Holdings Corp. Swap

Receives

Nomura Securities International, Inc.

Monthly

Overnight Bank Funding Rate Index + 1.50%

June 20, 2024

          328,707        
                                $     $ 2,108,373     $  

 

 

The accompanying notes are an integral part of the financial statements.

 

13

 

 

Roundhill BIG Bank ETF

Schedule of Investments

June 30, 2023 (Unaudited)

 

 

Description

 

Shares

   

Value

 

COMMON STOCKS — 18.7%

               

Banks — 18.7%

               

Bank of America Corp.

    5,268     $ 151,139  

Citigroup, Inc.

    3,174       146,131  

Goldman Sachs Group, Inc.

    476       153,529  

JPMorgan Chase & Co.

    824       119,843  

Morgan Stanley

    1,763       150,560  

Wells Fargo & Co.

    3,186       135,978  

TOTAL COMMON STOCKS (Cost $836,059)

            857,180  
                 

SHORT-TERM INVESTMENTS — 77.1%

               

Money Market Fund — 2.0%

               

First American Government Obligations Fund, Class X, 5.01% (a)

    91,144       91,144  

Total Money Market Fund (Cost $91,144)

            91,144  
                 

U.S. Treasury Bills — 75.1%

               

5.11%, 09/05/2023 (b)(c)

    3,475,000       3,443,375  

Total U.S. Treasury Bills (Cost $3,442,896)

            3,443,375  

TOTAL SHORT-TERM INVESTMENTS (Cost $3,534,040)

            3,534,519  
                 

TOTAL INVESTMENTS (Cost $4,370,099) — 95.8%

            4,391,699  

Other assets and liabilities, net — 4.2%

            195,150  

NET ASSETS — 100.0%

          $ 4,586,849  

 

(a)

The rate shown is the seven day yield at period end.

 

(b)

The rate shown is the effective yield as of June 30, 2023.

 

(c)

Held as collateral for total return swaps.

 

Percentages are stated as a percent of net assets.

 

 

Percentage
of Net Assets

COMMON STOCKS

18.7%

SHORT-TERM INVESTMENTS

77.1%

TOTAL INVESTMENTS

95.8%

Other assets and liabilities, net

4.2%

NET ASSETS

100.0%

 

The accompanying notes are an integral part of the financial statements.

 

14

 

 

Roundhill BIG Bank ETF

Schedule of Total Return Swaps

June 30, 2023 (Unaudited)

 

Long Total Return
Equity Swaps

 

Fund Pays/
Receives
Reference
Entity

 

Counterparty

 

Payment
Frequency

 

Financing Rate

 

Expiration
Date

   

Upfront
Premiums
Paid/Received

   

Notional
Amount

   

Value/
Unrealized
Appreciation
(Depreciation)

 

Bank of America Corp. Swap

Receives

Nomura Securities International, Inc.

At Maturity

Overnight Bank Funding Rate Index + 0.50%

April 2, 2024

  $     $ 581,799     $ 21,924  

Citigroup, Inc. Swap

Receives

Nomura Securities International, Inc.

At Maturity

Overnight Bank Funding Rate Index + 0.50%

April 2, 2024

          569,010       20,348  

Goldman Sachs Group, Inc. Swap

Receives

Nomura Securities International, Inc.

At Maturity

Overnight Bank Funding Rate Index + 0.50%

April 2, 2024

          594,269       11,784  

JPMorgan Chase & Co. Swap

Receives

Nomura Securities International, Inc.

At Maturity

Overnight Bank Funding Rate Index + 0.50%

April 2, 2024

          574,439       80,769  

Morgan Stanley Swap

Receives

Nomura Securities International, Inc.

At Maturity

Overnight Bank Funding Rate Index + 0.50%

April 2, 2024

          603,073       (2,626 )

Wells Fargo & Co. Swap

Receives

Nomura Securities International, Inc.

At Maturity

Overnight Bank Funding Rate Index + 0.50%

April 2, 2024

          558,308       81,679  
                                $     $ 3,480,898     $ 213,878  

 

 

The accompanying notes are an integral part of the financial statements.

 

15

 

 

Roundhill BIG Tech ETF

Schedule of Investments

June 30, 2023 (Unaudited)

 

 

Description

 

Shares

   

Value

 

COMMON STOCKS — 38.0%

               

Computers — 8.1%

               

Apple, Inc.

    1,516     $ 294,059  
                 

Internet — 21.9%

               

Alphabet, Inc. - Class A (a)

    2,384       285,365  

Amazon.com, Inc. (a)

    2,040       265,934  

Meta Platforms, Inc. - Class A (a)

    850       243,933  
              795,232  

Software — 8.0%

               

Microsoft Corp.

    854       290,821  
                 

TOTAL COMMON STOCKS (Cost $1,311,037)

            1,380,112  
                 

SHORT-TERM INVESTMENTS — 54.8%

               

Money Market Fund — 2.9%

               

First American Government Obligations Fund, Class X, 5.01% (b)

    105,332       105,332  

Total Money Market Fund (Cost $105,332)

            105,332  
                 

U.S. Treasury Bills — 51.9%

               

5.11%, 09/05/2023 (c)(d)

    1,900,000       1,882,709  

Total U.S. Treasury Bills (Cost $1,882,447)

            1,882,709  

TOTAL SHORT-TERM INVESTMENTS (Cost $1,987,779)

            1,988,041  
                 

TOTAL INVESTMENTS (Cost $3,298,816) — 92.8%

            3,368,153  

Other assets and liabilities, net — 7.2%

            261,938  

NET ASSETS — 100.0%

          $ 3,630,091  

 

(a)

Non-income producing security.

 

(b)

The rate shown is the seven day yield at period end.

 

(c)

The rate shown is the effective yield as of June 30, 2023.

 

(d)

Held as collateral for total return swaps.

 

Percentages are stated as a percent of net assets.

 

 

Percentage
of Net Assets

COMMON STOCKS

38.0%

SHORT-TERM INVESTMENTS

54.8%

TOTAL INVESTMENTS

92.8%

Other assets and liabilities, net

7.2%

NET ASSETS

100.0%

 

The accompanying notes are an integral part of the financial statements.

 

16

 

 

Roundhill BIG Tech ETF

Schedule of Total Return Swaps

June 30, 2023 (Unaudited)

 

Long Total Return
Equity Swaps

Fund Pays/
Receives
Reference
Entity

Counterparty

 

Payment
Frequency

 

Financing Rate

 

Expiration
Date

 

Upfront
Premiums
Paid/Received

 

Notional
Amount

 

Value/
Unrealized
Appreciation
(Depreciation)

 

Alphabet, Inc. - Class A Swap

Receives

Nomura Securities International, Inc.

At Maturity

Overnight Bank Funding Rate Index + 0.50%

April 2, 2024

$   $ 410,537   $ 19,185  

Amazon.com, Inc. Swap

Receives

Nomura Securities International, Inc.

At Maturity

Overnight Bank Funding Rate Index + 0.50%

April 2, 2024

      387,223     72,166  

Apple, Inc.

Swap

Receives

Nomura Securities International, Inc.

At Maturity

Overnight Bank Funding Rate Index + 0.50%

April 2, 2024

      387,312     54,552  

Meta Platforms, Inc. - Class A Swap

Receives

Nomura Securities International, Inc.

At Maturity

Overnight Bank Funding Rate Index + 0.50%

April 2, 2024

      390,491     87,618  

Microsoft Corp.

Swap

Receives

Nomura Securities International, Inc.

At Maturity

Overnight Bank Funding Rate Index + 0.50%

April 2, 2024

      393,679     43,574  
                        $   $ 1,969,242   $ 277,095  

 

 

The accompanying notes are an integral part of the financial statements.

 

17

 

 

Roundhill ETFs

Statements of Assets and Liabilities

June 30, 2023 (Unaudited)

 

   

Roundhill Video
Games ETF

   

Roundhill
Sports Betting &
iGaming ETF

   

Roundhill Ball
Metaverse ETF

 

Assets

                       

Investments, at value (Cost $30,750,846, $179,564,025, $635,242,906, respectively)(1)

  $ 29,583,800     $ 132,003,070     $ 556,002,318  

Dividends and interest receivable

    34,363       168,684       120,156  

Securities lending income receivable

    694       4,431       11,653  

Total Assets

    29,618,857       132,176,185       556,134,127  
                         

Liabilities

                       

Payable for collateral on securities loaned (Note 7)

    4,989,523       15,819,564       58,319,141  

Due to Custodian

    15,793              

Foreign currency payable to custodian, at value (Cost $0, $941, $0, respectively)

          852        

Payable to Adviser

    10,529       80,486       237,962  

Total Liabilities

    5,015,845       15,900,902       58,557,103  

Net Assets

  $ 24,603,012     $ 116,275,283     $ 497,577,024  
                         

Net Assets Consists of:

                       

Paid-in capital

  $ 65,567,704     $ 274,475,787     $ 858,950,648  

Total distributable earnings (accumulated losses)

    (40,964,692 )     (158,200,504 )     (361,373,624 )

Net Assets

  $ 24,603,012     $ 116,275,283     $ 497,577,024  
                         

Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value)

    1,575,000       6,625,000       47,850,000  

Net Asset Value, redemption price and offering price per share

  $ 15.62     $ 17.55     $ 10.40  
                         

(1) Includes loaned securities with a value of:

  $ 4,950,887     $ 15,618,389     $ 57,269,608  

 

 

The accompanying notes are an integral part of the financial statements.

 

18

 

 

Roundhill ETFs

Statements of Assets and Liabilities

June 30, 2023 (Unaudited) (Continued)

 

   

Roundhill
IO Digital
Infrastructure
ETF

   

Roundhill
MEME ETF

   

Roundhill
Cannabis ETF

 

Assets

                       

Investments, at value (Cost $4,010,456, $1,245,489, $2,118,748, respectively)(1)

  $ 3,485,091     $ 1,362,974     $ 2,118,748  

Dividends and interest receivable

    6,165       5       42  

Securities lending income receivable

    93       1,335        

Total Assets

    3,491,349       1,364,314       2,118,790  
                         

Liabilities

                       

Payable for collateral on securities loaned (Note 7)

    610,919       283,883        

Foreign currency payable to custodian, at value (Cost $1,411, $0, $0, respectively)

    1,434              

Payable for open swap contracts

                4,020  

Payable to Adviser

    1,172       586       674  

Total Liabilities

    613,525       284,469       4,694  

Net Assets

  $ 2,877,824     $ 1,079,845     $ 2,114,096  
                         

Net Assets Consists of:

                       

Paid-in capital

  $ 3,689,779     $ 2,131,900     $ 3,706,302  

Total distributable earnings (accumulated losses)

    (811,955 )     (1,052,055 )     (1,592,206 )

Net Assets

  $ 2,877,824     $ 1,079,845     $ 2,114,096  
                         

Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value)

    300,000       30,000       95,000  

Net Asset Value, redemption price and offering price per share

  $ 9.59     $ 35.99     $ 22.25  
                         

(1) Includes loaned securities with a value of:

  $ 592,069     $ 271,886     $  

 

 

The accompanying notes are an integral part of the financial statements.

 

19

 

 

Roundhill ETFs

Statements of Assets and Liabilities

June 30, 2023 (Unaudited) (Continued)

 

   

Roundhill
BIG Bank ETF

   

Roundhill
BIG Tech ETF

 

Assets

               

Investments, at value (Cost $4,370,099,$3,298,816, respectively)(1)

  $ 4,391,699     $ 3,368,153  

Dividends and interest receivable

    1,840       538  

Variation margin on swap contracts

    213,878       277,095  

Total Assets

    4,607,417       3,645,786  
                 

Liabilities

               

Payable for open swap contracts

    19,475       14,934  

Payable to Adviser

    1,093       761  

Total Liabilities

    20,568       15,695  

Net Assets

  $ 4,586,849     $ 3,630,091  
                 

Net Assets Consists of:

               

Paid-in capital

  $ 4,274,959     $ 3,174,959  

Total distributable earnings (accumulated losses)

    311,890       455,132  

Net Assets

  $ 4,586,849     $ 3,630,091  
                 

Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value)

    170,000       120,000  

Net Asset Value, redemption price and offering price per share

  $ 26.98     $ 30.25  
                 

(1) Includes loaned securities with a value of:

  $     $  

 

 

The accompanying notes are an integral part of the financial statements.

 

20

 

 

Roundhill ETFs

Statements of Operations

For the Period Ended June 30, 2023 (Unaudited)

 

   

Roundhill Video
Games ETF

   

Roundhill
Sports Betting &
iGaming ETF

   

Roundhill Ball
Metaverse ETF

 

Investment Income

                       

Dividend income (net of withholding taxes and issuance fees of $27,424, $34,527, $78,485, respectively)

  $ 167,334     $ 804,253     $ 2,032,838  

Securities lending income, net

    5,048       59,120       114,297  

Interest income

    372       7,978       9,885  

Total investment income

    172,754       871,351       2,157,020  
                         

Expenses

                       

Advisory fees

    63,207       483,486       1,287,675  

Total expenses

    63,207       483,486       1,287,675  

Net investment income

    109,547       387,865       869,345  
                         

Realized and Unrealized Gain (Loss) on Investments and Foreign Currency

                       

Net realized gain (loss) from:

                       

Investments

    (289,975 )     (30,127,041 )     (16,080,607 )

Foreign currency transactions

    (4,834 )     (67,773 )     (37,912 )

Net realized loss on investments, foreign currency transactions and total return swap contracts

    (294,809 )     (30,194,814 )     (16,118,519 )

Net change in unrealized appreciation/depreciation on:

                       

Investments

    2,860,394       55,068,572       172,783,297  

Foreign currency translation

    (1,955 )     567       (2,034 )

Net change in unrealized appreciation/depreciation on investments and foreign currency translation

    2,858,439       55,069,139       172,781,263  

Net realized and unrealized gain on investments and foreign currency transactions

    2,563,630       24,874,325       156,662,744  

Net increase in net assets from operations

  $ 2,673,177     $ 25,262,190     $ 157,532,089  

 

 

The accompanying notes are an integral part of the financial statements.

 

21

 

 

Roundhill ETFs

Statements of Operations

For the Period Ended June 30, 2023 (Unaudited) (Continued)

 

   

Roundhill
IO Digital
Infrastructure
ETF

   

Roundhill
MEME ETF

   

Roundhill
Cannabis ETF

 

Investment Income

                       

Dividend income (net of withholding taxes and issuance fees of $2,335, $67, $0, respectively)

  $ 40,971     $ 2,676     $  

Securities lending income, net

    533       16,256        

Interest income

    244       18       41,087  

Total investment income

    41,748       18,950       41,087  
                         

Expenses

                       

Advisory fees

    10,093       3,238       5,401  

Less waivers and reimbursement by Adviser

                (1,959 )

Total expenses

    10,093       3,238       3,442  

Net investment income

    31,655       15,712       37,645  
                         

Realized and Unrealized Gain (Loss) on Investments, Foreign Currency and Total Return Swap Contracts

                       

Net realized gain (loss) from:

                       

Investments

    (145,041 )     109,649       57  

Foreign currency transactions

    31              

Total return swap contracts

                (585,295 )

Net realized gain (loss) on investments, foreign currency transactions and total return swap contracts

    (145,010 )     109,649       (585,238 )

Net change in unrealized appreciation/depreciation on:

                       

Investments

    137,293       211,810        

Foreign currency translation

    17              

Net change in unrealized appreciation/depreciation on investments and foreign currency translation

    137,310       211,810        

Net realized and unrealized gain (loss) on investments, foreign currency transactions and total return swap contracts

    (7,700 )     321,459       (585,238 )

Net increase (decrease) in net assets from operations

  $ 23,955     $ 337,171     $ (547,593 )

 

 

 

The accompanying notes are an integral part of the financial statements.

 

22

 

 

Roundhill ETFs

Statements of Operations

For the Period Ended June 30, 2023 (Unaudited) (Continued)

 

   

Roundhill
BIG Bank
ETF
(1)

   

Roundhill
BIG Tech
ETF
(2)

 

Investment Income

               

Dividend income (net of withholding taxes and issuance fees of $0, $0, respectively)

  $ 7,382     $ 546  

Interest income

    48,364       14,876  

Total investment income

    55,746       15,422  
                 

Expenses

               

Advisory fees

    3,388       1,502  

Total expenses

    3,388       1,502  

Net investment income

    52,358       13,920  
                 

Realized and Unrealized Gain (Loss) on Investments and Total Return Swap Contracts

               

Net realized gain (loss) from:

               

Investments

    43,529       109,714  

Net realized gain on investments and total return swap contracts

    43,529       109,714  

Net change in unrealized appreciation/depreciation on:

               

Investments

    21,600       69,337  

Total return swap contracts

    194,403       262,161  

Net change in unrealized appreciation/depreciation on investments and total return swap contracts

    216,003       331,498  

Net realized and unrealized gain on investments and total return swap contracts

    259,532       441,212  

Net increase in net assets from operations

  $ 311,890     $ 455,132  

 

(1) The Fund commenced operations on March 20, 2023.

 

(2)

The Fund commenced operations on April 10, 2023.

 

The accompanying notes are an integral part of the financial statements.

 

23

 

 

Roundhill ETFs

Statements of Changes in Net Assets

 

 

   

Roundhill Video Games ETF

   

Roundhill Sports Betting &
iGaming ETF

 
   

Period
Ended
June 30,
2023
(Unaudited)

   

Year
Ended
December 31,
2022

   

Period
Ended
June 30,
2023
(Unaudited)

   

Year
Ended
December 31,
2022

 

From Operations

                               

Net investment income

  $ 109,547     $ 292,574     $ 387,865     $ 604,454  

Net realized loss on investments and foreign currency transactions

    (294,809 )     (37,470,667 )     (30,194,814 )     (67,507,904 )

Net change in net unrealized appreciation/depreciation on investments and foreign currency translation

    2,858,439       13,822,197       55,069,139       (41,816,932 )

Net increase (decrease) in net assets resulting from operations

    2,673,177       (23,355,896 )     25,262,190       (108,720,382 )
                                 

From Distributions

                               

Distributable earnings

          (173,639 )           (309,837 )

Return of capital

                      (470,671 )

Total distributions

          (173,639 )           (780,508 )
                                 

From Capital Share Transactions

                               

Proceeds from shares sold

    1,147,748       2,186,870       8,346,010       53,179,428  

Cost of shares redeemed

    (4,476,878 )     (15,895,572 )     (35,363,737 )     (116,157,365 )

Transaction fees (Note 4)

    9,079       12,714       2,737        

Net decrease in net assets resulting from capital share transactions

    (3,320,051 )     (13,695,988 )     (27,014,990 )     (62,977,937 )
                                 

Total Decrease in Net Assets

    (646,874 )     (37,225,523 )     (1,752,800 )     (172,478,827 )
                                 

Net Assets

                               

Beginning of period

    25,249,886       62,475,409       118,028,083       290,506,910  

End of period

  $ 24,603,012     $ 25,249,886     $ 116,275,283     $ 118,028,083  
                                 

Changes in Shares Outstanding

                               

Shares outstanding, beginning of period

    1,800,000       2,500,000       8,225,000       11,675,000  

Shares sold

    75,000       100,000       500,000       2,950,000  

Shares redeemed

    (300,000 )     (800,000 )     (2,100,000 )     (6,400,000 )

Shares outstanding, end of period

    1,575,000       1,800,000       6,625,000       8,225,000  

 

 

The accompanying notes are an integral part of the financial statements.

 

24

 

 

Roundhill ETFs

Statements of Changes in Net Assets

 

 

   

Roundhill Ball Metaverse ETF

   

Roundhill IO Digital
Infrastructure ETF

 
   

Period
Ended
June 30,
2023
(Unaudited)

   

Year
Ended
December 31,
2022

   

Period
Ended
June 30,
2023
(Unaudited)

   

Year
Ended
December 31,
2022

 

From Operations

                               

Net investment income

  $ 869,345     $ 353,305     $ 31,655     $ 32,699  

Net realized loss on investments and foreign currency transactions

    (16,118,519 )     (290,036,259 )     (145,010 )     (178,142 )

Net change in net unrealized appreciation/depreciation on investments and foreign currency translation

    172,781,263       (211,465,576 )     137,310       (693,837 )

Net increase (decrease) in net assets resulting from operations

    157,532,089       (501,148,530 )     23,955       (839,280 )
                                 

From Distributions

                               

Distributable earnings

          (325,056 )           (31,809 )

Return of capital

          (7,036 )            

Total distributions

          (332,092 )           (31,809 )
                                 

From Capital Share Transactions

                               

Proceeds from shares sold

    38,093,213       133,681,117             1,840,133  

Cost of shares redeemed

    (68,296,505 )     (195,090,255 )            

Transaction fees (Note 4)

    6,352       72,625             498  

Net increase (decrease) in net assets resulting from capital share transactions

    (30,196,940 )     (61,336,513 )           1,840,631  
                                 

Total Increase (Decrease) in Net Assets

    127,335,149       (562,817,135 )     23,955       969,542  
                                 

Net Assets

                               

Beginning of period

    370,241,875       933,059,010       2,853,869       1,884,327  

End of period

  $ 497,577,024     $ 370,241,875     $ 2,877,824     $ 2,853,869  
                                 

Changes in Shares Outstanding

                               

Shares outstanding, beginning of period

    51,375,000       61,525,000       300,000       125,000  

Shares sold

    3,625,000       11,500,000             175,000  

Shares redeemed

    (7,150,000 )     (21,650,000 )            

Shares outstanding, end of period

    47,850,000       51,375,000       300,000       300,000  

 

 

The accompanying notes are an integral part of the financial statements.

 

25

 

 

Roundhill ETFs

Statements of Changes in Net Assets

 

 

   

Roundhill MEME ETF

   

Roundhill Cannabis ETF

 
   

Period
Ended
June 30,
2023
(Unaudited)

   

Year
Ended
December 31,
2022

   

Period
Ended
June 30,
2023
(Unaudited)

   

Period
Ended
December 31,
2022
(1)

 

From Operations

                               

Net investment income

  $ 15,712     $ 15,557     $ 37,645     $ 14,757  

Net realized gain (loss) on investments, foreign currency transactions and swap contracts

    109,649       (1,511,460 )     (585,238 )     (1,306,291 )

Net change in net unrealized appreciation/depreciation on investments and foreign currency translation

    211,810       108,396              

Net increase (decrease) in net assets resulting from operations

    337,171       (1,387,507 )     (547,593 )     (1,291,534 )
                                 

From Distributions

                               

Distributable earnings

          (15,557 )            

Return of capital

          (5,264 )            

Total distributions

          (20,821 )            
                                 

From Capital Share Transactions

                               

Proceeds from shares sold

    1,555,720       2,446,145       1,165,275       2,786,382  

Cost of shares redeemed

    (1,575,845 )     (2,384,240 )            

Transaction fees (Note 4)

                      1,566  

Net increase (decrease) in net assets resulting from capital share transactions

    (20,125 )     61,905       1,165,275       2,787,948  
                                 

Total Increase (Decrease) in Net Assets

    317,046       (1,346,423 )     617,682       1,496,414  
                                 

Net Assets

                               

Beginning of period

    762,799       2,109,222       1,496,414        

End of period

  $ 1,079,845     $ 762,799     $ 2,114,096     $ 1,496,414  
                                 

Changes in Shares Outstanding

                               

Shares outstanding, beginning of period

    150,000       150,000       250,000        

Shares sold

    210,000       350,000       125,000       250,000  

Shares redeemed

    (330,000 )     (350,000 )     (280,000 )      

Shares outstanding, end of period

    30,000       150,000       95,000       250,000  

 

(1)

The Fund commenced operations on April 19, 2022.

 

The accompanying notes are an integral part of the financial statements.

 

26

 

 

Roundhill ETFs

Statements of Changes in Net Assets

 

 

   

Roundhill BIG
Bank ETF

   

Roundhill BIG
Tech ETF

 
   

Period
Ended
June 30,
2023
(1)
(Unaudited)

   

Period
Ended
June 30,
2023
(2)
(Unaudited)

 

From Operations

               

Net investment income

  $ 52,358     $ 13,920  

Net realized gain on investments and swap contracts

    43,529       109,714  

Net change in net unrealized appreciation/depreciation on investments and swap contracts

    216,003       331,498  

Net increase in net assets resulting from operations

    311,890       455,132  
                 

From Capital Share Transactions

               

Proceeds from shares sold

    4,811,876       3,769,975  

Cost of shares redeemed

    (538,106 )     (595,016 )

Transaction fees (Note 4)

    1,189        

Net increase in net assets resulting from capital share transactions

    4,274,959       3,174,959  
                 

Total Increase in Net Assets

    4,586,849       3,630,091  
                 

Net Assets

               

Beginning of period

           

End of period

  $ 4,586,849     $ 3,630,091  
                 

Changes in Shares Outstanding

               

Shares outstanding, beginning of period

           

Shares sold

    190,000       140,000  

Shares redeemed

    (20,000 )     (20,000 )

Shares outstanding, end of period

    170,000       120,000  

 

(1)

The Fund commenced operations on March 20, 2023.

 

(2)

The Fund commenced operations on April 10, 2023.

 

The accompanying notes are an integral part of the financial statements.

 

27

 

 

Roundhill ETFs

Financial Highlights

 

 

   

Per Share
Operating
Performance
(For a
share
outstanding throughout each period)

 
           

Income from
Investment
Operations:

   

Less
Distributions Paid From:

 

 

 

Net Asset
Value,
Beginning
of Period

   

Net
investment
income
(loss)
(1)

   

Net realized
and
unrealized
gain (loss) on
investments

   

Total from
investment
operations

   

Net
investment
income

   

Net realized
gains

   

Return of
capital

   

Total
distributions
paid

 

Roundhill Video Games ETF

                                               

For the period 01/01/2023 - 06/30/2023 (Unaudited)

  $ 14.03       0.06       1.52       1.58                          

For the year 01/01/2022 - 12/31/2022

  $ 24.99       0.14       (11.01 )     (10.87 )     (0.10 )                 (0.10 )

For the year 01/01/2021 - 12/31/2021

  $ 30.09       0.05       (5.17 )     (5.12 )     (0.01 )                 (0.01 )

For the year 01/01/2020 - 12/31/2020

  $ 16.01       0.04       14.34       14.38       (0.10 )     (0.22 )           (0.32 )

For the period 06/03/2019(7) - 12/31/2019

  $ 14.86       0.08       1.11       1.19       (0.05 )           (0.00 )(8)     (0.05 )

Roundhill Sports Betting & iGaming ETF

                                                       

For the period 01/01/2023 - 06/30/2023 (Unaudited)

  $ 14.35       0.05       3.15       3.20                          

For the year 01/01/2022 - 12/31/2022

  $ 24.88       0.07       (10.51 )     (10.44 )     (0.04 )           (0.05 )     (0.09 )

For the year 01/01/2021 - 12/31/2021

  $ 25.86       0.08       (1.06 )     (0.98 )                        

For the period 06/03/2020(7) - 12/31/2020

  $ 15.41       0.11       10.41       10.52       (0.07 )           (0.00 )(8)     (0.07 )

Roundhill Ball Metaverse ETF

                                                       

For the period 01/01/2023 - 06/30/2023 (Unaudited)

  $ 7.21       0.02       3.17       3.19                          

For the year 01/01/2022 - 12/31/2022

  $ 15.17       0.01       (7.96 )     (7.95 )     (0.01 )           (0.00 )(8)     (0.01 )

For the period 06/29/2021(7) - 12/31/2021

  $ 15.07       (0.01 )     0.10 (9)      0.09                          

 

 

(1)

Per share net investment income (loss) was calculated using average shares outstanding.

 

(2)

Annualized for periods less than one year.

 

(3)

Total return in the table represents the rate that the investor would have earned or lost on an investment in the Fund, assuming reinvestment of dividends.

 

(4)

Not annualized for periods less than one year.

 

(5)

Excludes in-kind transactions associated with creations and redemptions of the Fund.

 

(6)

The returns reflect the actual performance for the period and do not include the impact of trades executed on the last business day of the period that were recorded on the first business day of the next period.

 

The accompanying notes are an integral part of the financial statements.

 

28

 

 

Roundhill ETFs

Financial Highlights

 

 

 

Per Share
Operating
Performance
(For a share
outstanding
throughout
each period)

   

Ratios/
Supplemental
Data

 
 

Capital Share
Transactions:

                                   

Ratios to
Average Net
Assets of:
(2)

         
 

Transaction
fees
(see Note 4)

   

Net Asset
Value, End
of Period

   

Total return,
at NAV
(3)(4)

   

Total return,
at Market
(3)(4)

   

Net assets,
end of period
(000’s)

   

Expenses,
before
waivers

   

Expenses,
after waivers

   

Net
investment
income
(loss), before
waivers

   

Net
investment
income (loss),
after waivers

   

Portfolio
turnover
rate
(4)(5)

 
                                                                               
    0.01     $ 15.62       11.36 %     11.72 %   $ 24,603       0.50 %     0.50 %     0.87 %     0.87 %     8 %
    0.01     $ 14.03       -43.49 %     -43.28 %   $ 25,250       0.50 %     0.50 %     0.78 %     0.78 %     83 %
    0.03     $ 24.99       -16.93 %     -17.57 %   $ 62,475       0.50 %     0.50 %     0.16 %     0.16 %     52 %
    0.02     $ 30.09       89.88 %(6)     89.62 %(6)   $ 73,717       0.50 %     0.44 %     0.12 %     0.18 %     93 %
    0.01     $ 16.01       8.11 %(6)     8.42 %(6)   $ 10,810       0.50 %     0.25 %     0.65 %     0.90 %     34 %
                                                                               
    0.00 (8)    $ 17.55       22.31 %     22.30 %   $ 116,275       0.75 %     0.75 %     0.60 %     0.60 %     15 %
        $ 14.35       -41.99 %     -42.00 %   $ 118,028       0.75 %     0.75 %     0.38 %     0.38 %     43 %
    0.00 (8)    $ 24.88       -3.78 %     -3.91 %   $ 290,507       0.75 %     0.75 %     0.26 %     0.26 %     52 %
    0.00 (8)    $ 25.86       68.28 %     68.15 %   $ 206,891       0.75 %     0.75 %     0.92 %     0.92 %     43 %
                                                                               
    0.00 (8)    $ 10.40       44.29 %     44.57 %   $ 497,577       0.59 %     0.59 %     0.40 %     0.40 %     15 %
    0.00 (8)    $ 7.21       -52.44 %     -52.66 %   $ 370,242       0.60 %     0.60 %     0.06 %     0.06 %     47 %
    0.01     $ 15.17       0.63 %     0.73 %   $ 933,059       0.75 %     0.75 %     -0.13 %     -0.13 %     41 %

 

 

(7)

Commencement of operations.

 

(8)

Less than $0.005.

 

(9)

Realized and unrealized gains and losses per share in this caption are balancing amounts necessary to reconcile the change in net asset value per share for the period, and may not reconcile with the aggregate gains and losses in the Statements of Operations due to share transactions for the period.

 

(10)

Includes tax expense of 0.01% and 0.06% for periods ended December 31, 2022 and December 31, 2021, respectively.

 

The accompanying notes are an integral part of the financial statements.

 

29

 

 

Roundhill ETFs

Financial Highlights

 

 

   

Per Share
Operating
Performance
(For a
share
outstanding throughout each period)

 
           

Income from
Investment
Operations:

   

Less
Distributions Paid From:

 

 

 

Net Asset
Value,
Beginning
of Period

   

Net
investment
income
(loss)
(1)

   

Net realized
and
unrealized
gain (loss) on
investments

   

Total from
investment
operations

   

Net
investment
income

   

Net realized
gains

   

Return of
capital

   

Total
distributions
paid

 

Roundhill IO Digital Infrastructure ETF

                                                       

For the period 01/01/2023 - 06/30/2023 (Unaudited)

  $ 9.51       0.11       (0.03 )     0.08                          

For the year 01/01/2022 - 12/31/2022

  $ 15.07       0.17       (5.62 )     (5.45 )     (0.11 )     (0.00 )(8)           (0.11 )

For the period 10/27/2021(7) - 12/31/2021

  $ 14.85       0.03       0.23       0.26       (0.04 )                 (0.04 )

Roundhill MEME ETF