| Investment Objective: |
Roundhill Uranium ETF is an actively managed and does not seek to track the performance of an index. The Fund seeks to provide investors with exposure to changes in the price of physical uranium, in the form of Triuranium Octoxide (U308). Uranium in this form is a uranium oxide commonly used as an intermediate product in the uranium production process. U308 serves as a precursor in the nuclear fuel cycle. It is converted into uranium hexafluoride (UF) during the enrichment process, which increases the concentration of the fissile isotope U-235. The enriched uranium is then fabricated into fuel rods for nuclear reactors. The Fund seeks to provide exposure to uranium through investments in swap agreements that utilize the spot price of uranium as the reference asset ("Spot Uranium Derivatives"). The spot price for uranium is determined through private negotiations between buyers and sellers since, unlike for other commodities, there is no formal exchange for uranium. The Fund will measure the spot price of uranium utilizing the daily settlement price of front month UxC Uranium U308 Futures published by CME Group, which are calculated based on the arithmetic average of all weekly spot U308 prices published in Ux Weekly during the contract month by UxC, LLC (UxC). |
