ETF Evaluator: Roundhill S&P500®Target10,000 2030 ETF () Follow This ETF

Roundhill S&P500®Target10,000 2030 ETF Overview

Roundhill S&P500®Target10,000 2030 ETF (XX) is an actively managed Nontraditional Equity Defined Outcome exchange-traded fund (ETF). Roundhill Investments launched the ETF in 2026.

The investment seeks to provide capital appreciation in the event that the underlying index exceeds the underlying index Target, as measured by the Underlying ETFs and Underlying ETF Target, on the Defined Target Date. The Advisor intends to invest substantially all of its assets in FLexible EXchange® options (“FLEX Options”) that reference an Underlying ETF. The FLEX Options in which the fund invests (the “Target Options”) are structured such that the fund’s overall exposure to the Underlying ETFs behaves like a long call option with a strike price at the Underlying ETF Target with an expiration date of the Defined Target Date. It is non-diversified.

About Roundhill S&P500®Target10,000 2030 ETF (XX)

There are 7 members of the management team with an average tenure of 0.08 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 S&P500®Target10,000 2030 ETF has 5 securities in its portfolio. The top 10 holdings constitute 224.1% 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 S&P500®Target10,000 2030 ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. Roundhill S&P500®Target10,000 2030 ETF has 1.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 221.7% There is 1.1% 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 S&P500®Target10,000 2030 ETF has -122.9% of the portfolio in cash.

Assets Under Management

The fund has $1 million in total assets, which is below the $182 million average for the Defined Outcome 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.

XX 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 S&P500®Target10,000 2030 ETF expense ratio is high compared to funds in the Defined Outcome category. Roundhill S&P500®Target10,000 2030 ETF has an expense ratio of 0.99%, which is 40% higher than its category average, making the fund expense ratio grade a F. 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 S&P500®Target10,000 2030 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 6% for the Defined Outcome category.

Recently, in the month of October 2026, Roundhill S&P500®Target10,000 2030 ETF returned -15.6%, which earned it a grade of F, as the Defined Outcome category had an average return of -0.5%. 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 S&P500®Target10,000 2030 ETF has a trailing yield of 0.00%, which is below the 0.38% 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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