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RDTE
Roundhill Russell 2000 0DTE Covered Call Strategy ETF
Roundhill Financial Inc.
Verdict
Weighted score · Pro 🔒
Fund Identity
What it is, who runs it, where it lives.
The Fund's primary investment objective is to provide current income.
The Fund uses a synthetic covered call strategy to generate current income on a weekly basis while providing exposure to the price return of the Russell 2000® Index. It purchases deep-in-the-money call options on the Russell 2000® Index to achieve synthetic long exposure, and each business day sells out-of-the-money 0DTE (zero days to expiration) call options on the Russell 2000® Index to generate premium income. The sale of 0DTE call options caps the Fund's upside participation beyond the strike price of the sold options. The Fund invests at least 80% of net assets in financial instruments (options contracts) that utilize the Russell 2000® Index as the reference asset.
Ticker
RDTE
Issuer
Roundhill Financial Inc.
Exchange
BATS
Inception
2024-09-10 · 1.9 yrs
Mgmt style
Active
Replication
Derivatives (options/futures) — synthetic covered call via long deep-in-the-money Russell 2000® Index call options plus short 0DTE out-of-the-money Russell 2000® Index call options
Index-based
—
Leverage
None
Strategy & Options Mechanics
How the portfolio is built and where the income comes from.
PORTFOLIO
Options
actively managed
OPTIONS OVERLAY
Strategy
Synthetic Covered Calls — long deep-in-the-money Russell 2000® Index calls (longer maturity) + short out-of-the-money 0DTE Russell 2000® Index calls (sold daily)
generates income
Underlying
Russell 2000® Index (RUT)
income exposure
WEEKLY
43.1%
DIST. RATE
100% ROC
Ordinary Income
Ordinary Income
Underlying
Russell 2000® Index (RUT)
Strategy
Synthetic Covered Calls — long deep-in-the-money Russell 2000® Index calls (longer maturity) + short out-of-the-money 0DTE Russell 2000® Index calls (sold daily)
Tax
Ordinary Income
Each business day at or shortly after market open, the Fund sells out-of-the-money 0DTE call options on the Russell 2000® Index that expire at end of day, collecting premiums as the primary income source. The Fund's synthetic long exposure to the Russell 2000® Index is achieved through purchasing deeply in-the-money call options with longer maturities. The strategy caps upside participation beyond the sold call strike price in exchange for weekly premium income.
Performance & NAV
Total return vs. the underlying, with drawdown context.
NAV HISTORY · AUG '25 – AUG '26
AUG '25AUG '26
Flat-NAV reinvestment hurdle
52.4%
Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.
Distribution & Tax
Where the yield comes from — and how it’s taxed.
Composition · Recent Distribution
100%
ROC
Return of Capital — mixed100%
Net Investment Income0%
Frequency
Weekly
Dist. rate
43.06%
ROC %
100%
30-day SEC
not reported
Consistency
1 w/o cut
YOC · 1yr-ago buyer
37.3%
Tax Treatment — Ordinary Income
ORDINARY INCOME
Distribution Composition (Recent)
ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.
Composition · Narrative
Per the fund's most recent 19a-1 notice (as stated on the issuer fund page), the estimated distribution is 100% return of capital.
Distribution Growth & Schedule
Per-period growth of the payout, the latest schedule, and how long distributions take to repay NAV.
Distribution Growth by Lookback Period
Latest Distribution Schedule
Record date
2026-08-06
Ex-dividend
2026-08-06
Pay date
—
Payback Period
2.3 yr
Dist. Since Incep.
$25.3
Holdings & Concentration
Position sizing, top-name weights, and concentration risk.
Sector Mix · Tilt vs S&P 500
No sector feed for this fund.
Holdings
5
Top-10 Wt.
—
Technical Signal & Liquidity
Moving-average posture and a read on tradability.
Price vs. Moving Averages
$28.8$26.3$23.8$21.3
AUG '25AUG '26
Price $28.76
50-DMA $27.83
200-DMA $25.49
Bullish — 50-DMA above 200-DMA
Price $28.76 is above the 200-day SMA ($25.49); 50-day SMA $27.83. The 50-day SMA sits above the 200-day — an established uptrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.
Liquidity
Avg daily volume
94K
Avg dollar volume
$2,664,425
Bid/ask spread
0.24%
Premium/discount
—
Turnover
74%
Estimated bid/ask spread ~0.24% (moderate). Average daily dollar volume ~$2.7M (adequate). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.
Assets Under Management
Trend: Stable. Source: shares×price (Massive, monthly).
AUM ($)
$185M
$185M$109M$32M
SEP '24AUG '26
SOURCES Massive market-data API, SEC EDGAR filings, issuer disclosures.
RDTE · 2026-08-11
Prepared by Streamfolio
Research aid, not investment advice.
Prepared by Streamfolio
Research aid, not investment advice.