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Roundhill Investments is an SEC-registered investment advisor focused on offering innovative ETFs.
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Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the METV Metaverse ETF please call 1-855-561-5728 or visit the website at https://www.roundhillinvestments.com/etf/METV. Read the prospectus or summary prospectus carefully before investing.
Investing involves risk, including possible loss of principal. Metaverse Companies and other companies that rely heavily on technology are particularly vulnerable to research and development costs, substantial capital requirements, product and services obsolescence, government regulation, and domestic and international competition, including competition from foreign competitors with lower production costs. Stocks of such companies, especially smaller, less-seasoned companies, may be more volatile than the overall market. Metaverse Companies may face dramatic and unpredictable changes in growth rates. Metaverse Companies may be targets of hacking and theft of proprietary or consumer information or disruptions in service, which could have a material adverse effect on their businesses. Fund investments will be concentrated in an industry or group of industries, and the value of Fund shares may rise and fall more than more diversified funds. Foreign investing involves social and political instability, market illiquidity, exchange-rate fluctuation, high volatility and limited regulation risks. Emerging markets involve different and greater risks, as they are smaller, less liquid and more volatile than more developed countries. Depositary Receipts involve risks similar to those associated with investments in foreign securities, but may not provide a return that corresponds precisely with that of the underlying shares. Please see the prospectus for details of these and other risks.
As an ETF, the fund may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Due to the costs of buying or selling Shares, including brokerage commissions imposed by brokers and bid/ask spreads, frequent trading of Shares may significantly reduce investment results and an investment in Shares may not be advisable for investors who anticipate regularly making small investments. The Fund may invest in securities issued in initial public offerings. The market value of IPO shares will fluctuate considerably due to factors such as the absence of a prior public market, unseasoned trading, the small number of shares available for trading and limited information about the issuer. The purchase of IPO shares may involve high transaction costs. IPO shares are subject to market risk and liquidity risk. The Fund is a recently organized investment company with no operating history. The Fund invests in equity securities of SPACs, which raise assets to seek potential acquisition opportunities. Unless and until an acquisition is completed, a SPAC generally invests its assets in U.S. government securities, money market securities, and cash. Because SPACs have no operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the entity’s management to identify and complete a profitable acquisition. There is no guarantee that the SPACs in which the Fund invests will complete an acquisition or that any acquisitions that are completed will be profitable. Public stockholders of SPACs may not be afforded a meaningful opportunity to vote on a proposed initial business combination because certain stockholders, including stockholders affiliated with the management of the SPAC, may have sufficient voting power, and a financial incentive, to approve such a transaction without support from public stockholders. As a result, a SPAC may complete a business combination even though a majority of its public stockholders do not support such a combination. Some SPACs may pursue acquisitions only within certain industries or regions, which may increase the volatility of their prices.
Foreside Fund Services, LLC: Distributor.
*Neither Roundhill Investments nor METV Metaverse ETF are affiliated with these financial services firms. Their listing should not be viewed as a recommendation or endorsem*nt.
©2023 Roundhill Financial Inc. All Rights Reserved
As an expert in the field of investment and exchange-traded funds (ETFs), I bring a wealth of knowledge and experience to the discussion. I've closely followed the developments in the financial markets, particularly in the realm of innovative ETFs. My understanding goes beyond surface-level information, delving into the intricacies of investment strategies, risk assessment, and market trends.
Now, let's dissect the information provided about Roundhill Investments and their METV Metaverse ETF:
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Roundhill Investments Overview:
- Roundhill Investments is an SEC-registered investment advisor with a specific focus on offering innovative ETFs. This immediately indicates that the company operates under regulatory oversight, ensuring a level of transparency and compliance in its investment activities.
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METV Metaverse ETF:
- The METV Metaverse ETF is one of Roundhill Investments' offerings. An ETF, or exchange-traded fund, is a type of investment fund and exchange-traded product, with shares that are tradeable on a stock exchange. The emphasis on the Metaverse suggests an investment theme centered around virtual and augmented reality, digital assets, and related technologies.
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Risk Considerations:
- The provided information emphasizes the importance of investors carefully considering the investment objectives, risks, charges, and expenses before investing. This is a standard practice to ensure that investors are well-informed about potential drawbacks and uncertainties associated with the investment.
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Metaverse Companies and Technology Sector Risks:
- The disclosure mentions that companies heavily reliant on technology, especially those in the Metaverse space, face challenges such as research and development costs, capital requirements, obsolescence risks, government regulation, and competition. This underscores the inherent volatility of technology-driven industries.
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Concentration Risk:
- The fund's investments are concentrated in the Metaverse industry or group of industries. Concentration can lead to more significant fluctuations in the value of fund shares compared to more diversified funds.
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International and Emerging Market Risks:
- Foreign investing and exposure to emerging markets involve additional risks, including social and political instability, market illiquidity, exchange-rate fluctuation, high volatility, and limited regulation risks.
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Specific Investment Strategies:
- The METV Metaverse ETF may invest in securities issued in initial public offerings (IPOs) and Special Purpose Acquisition Companies (SPACs). These strategies come with specific risks, such as the volatility of IPO shares and the dependence on SPAC management's ability to identify and complete profitable acquisitions.
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Foreside Fund Services, LLC:
- The disclosure mentions Foreside Fund Services, LLC, as the distributor, and clarifies that neither Roundhill Investments nor METV Metaverse ETF are affiliated with these financial services firms. This statement is crucial to avoid any misconceptions about affiliations.
By delving into these details, investors can gain a comprehensive understanding of the investment landscape associated with Roundhill Investments and the METV Metaverse ETF, allowing them to make informed decisions based on the disclosed risks and strategies.
