The team at a six-year-old Gotham shop are rolling out a pair of ETFs built on combining weekly income generation and exposure to broad equity indices, specifically the S&P 500 and the Nasdaq 100.

Last week, Dave Mazza, chief strategy officer of Roundhill Investments, revealed that the folks at the New York City-based fund firm are launching the Roundhill N-100 0DTE Covered Call Strategy ETF (QDTE on the Cboe BZX Exchange) and the Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). Both funds are series of Roundhill ETF Trust and are actively managed.

XDTE and QDTE both debuted on March 7, and their expense ratio is 95 basis points. QDTE now has $9.2 million in AUM, while XDTE has $1.3 million.

New York City-based Roundhill Financial, Inc. serves as investment advisor to XDTE and QDTE, while Exchange Traded Concepts (ETC) serves as the funds' subadvisor. The new ETFs' PM team includes four ETC portfolio managers: Todd Alberico Brian Cooper, Andrew Serowik, and Gabriel Tan.

The Roundhill team lays claim to QDTE and XDTE to being "the world's first ETFs to leverage the potential benefits of selling "zero-days-to-expiry (0DTE) options." (Another Gotham startup launched its own kind of 0DTE-related ETFs last fall.")

"XDTE and QDTE offer investors the potentials for high levels of income on a weekly basis," Mazza states. "Both ETFS allow investors to potentially benefit from structural mispricings inherent to the short-dated options market, while maintaining exposure to major equity indexes."

The new funds' other service providers include: Chapman and Cutler LLP as counsel; Cohen & Company Ltd. as independent accounting firm; Foreside Fund Services, LLC as distributor; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator and transfer agent; and U.S. Bank National Association as custodian and securities lending agent. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE