ETF Evaluator:
Roundhill Neocloud ETF (NCLD)
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(as of Sep 18)
Best Performing in Technology Over the Last Year
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Risk
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Risk
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ETF Details
Roundhill Neocloud ETF Overview
Roundhill Neocloud ETF (NCLD) is an actively managed Sector Equity Technology exchange-traded fund (ETF). Roundhill Investments launched the ETF in 2026.
The investment seeks to provide capital appreciation.
Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities (which may include depositary receipts) or financial instruments (i.e., swap agreements or forward contracts) that provide exposure to Neocloud Companies. For purposes of compliance with this investment policy, derivative contracts (i.e., swap agreements and forward contracts) will be valued at their notional value. It is non-diversified.
About Roundhill Neocloud ETF (NCLD)
There are 7 members of the management team with an average tenure of 0.07 years: William Hershey (2026), Andrew Serowik (2026), Timothy Maloney (2026), Gabriel Tan (2026), Todd Alberico (2026), Brian Cooper (2026) and David Mazza (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Roundhill Neocloud ETF has 23 securities in its portfolio. The top 10 holdings constitute 121.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Roundhill Neocloud ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Roundhill Neocloud ETF has 10.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 66.6% There is 10.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Roundhill Neocloud ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $56 million in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NCLD Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Roundhill Neocloud ETF expense ratio is above average compared to funds in the Technology category. Roundhill Neocloud ETF has an expense ratio of 0.65%, which is 18% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Roundhill Neocloud ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 40% for the Technology category.
Recently, in the month of August 2026, Roundhill Neocloud ETF returned 0.0%, which earned it a grade of NA, as the Technology category had an average return of 5.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Roundhill Neocloud ETF has a trailing yield of 0.00%, which is below the 0.44% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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NCLD Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NCLD Return (NAV) | na | na | na | na | na | na |
| NCLD Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Technology Avg | 5.6% | -3.8% | 38.1% | 26.6% | 11.4% | 19.4% |
| NCLD Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| NCLD Tax-Cost Ratio | na | na | na | na | na | na |
NCLD Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NCLD Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| NCLD Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Technology Avg | 28.2% | 23.1% | 20.0% | 43.5% | -35.4% | 17.3% | 51.6% | 37.9% | -3.3% | 32.3% | 15.5% |
| NCLD Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 57 Mil |
| Share Class Assets: | $ 57 Mil |
| Turnover: | na |
| Expense Ratio: | 0.65% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 0.1 years | |||
| Average Tenure: 0.1 years | |||
| Managers (Year): Hershey William (2026), Serowik Andrew (2026), Maloney Timothy (2026), Tan Gabriel (2026), Alberico Todd (2026), Cooper Brian (2026), Mazza David (2026) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 23 |
| % in Top 10 Holdings: | 121.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 10.9% |
Portfolio Allocation |
|
| Domestic Stock: | 66.6% |
| Foreign Stock: | 10.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 22.4% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Roundhill Investments |
| Phone Number: | 855-561-5728 |
| Website: | |
| Inception Date: | August 5, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.55% |
