XX provides exposure to the S&P 500 index through a basket of long-term call options, with the goal of achieving an implied S&P 500 index level of 10,000 points by January 2030.

New York, October 1, 2026 / PRNewswire / -- ETF, a provider focused on innovative financial products, announced today the launch of the Roundhill S &P 500 Target 10,000 2030 ETF ( CBOE : XX ). XX is a novel ETF structure designed to provide investors seeking long-term leverage exposure to the S&P 500 index with a competitive solution.

XX intends to provide investors with an exposure to the S&P 500 index based on options by investing in a basket of long-term call options. These options have an implied index strike price target of 10,000 points and will expire in January 2030. The fund seeks to benefit when the S&P 500 index rises to and exceeds 10,000 points, with the maximum potential loss for the fund being limited to the amount invested.

Unlike leveraged products that are reset daily, the design goal of XX is for long-term holding. Leveraged products with daily reset positions, such as ETF, calculate compound interest on daily returns. Even if the underlying index rises over the long term, this can still erode performance in a volatile market. Since XX holds long-term options rather than daily reset positions, its outcome depends on the trading level of the S&P 500 index at the end of the “defined target period,” rather than the path it takes to reach that level on a daily basis.

Once the current defined target period ends in January 2030, the fund will extend its duration and purchase call options that are linked to a new S&P 500 target level and a new target date.

Roundhill Investments CEO Dave Mazza stated: "Historically, investors looking to obtain leverage exposure to the S&P 500 had only two options: one was daily reset products that could result in losses in volatile markets, and the other was LEAPs long-term options that most people were unable to manage on their own. This is why we created XX. It aims to provide multi-year upward exposure to the S&P 500 by 2030, while limiting potential losses within the range of the investment principal. As a result, investors can finally hold long-term leverage in their portfolios just like they would with other ETF, without having to manage the expiration or rollovers themselves."

For more information about this fund, please visit roundhillinvestments.com / etf / xx.

About Roundhill Investments

Roundhill Investments was established in 2018 and is an investment advisory firm registered with the U.S. Securities and Exchange Commission (SEC). It specializes in innovative exchange-traded funds. Roundhill's ETF product line covers various categories such as thematic stocks, option yields, and trading tools. For more information, please visit roundhillinvestments.com.

Disclosure

Before investing, investors should carefully consider their investment objectives, risks, fees, and expenses. To obtain the prospectus or summary prospectus (if available) for this fund and other information, please call 1-855-561-5728, or visit the website https :// www.roundhillinvestments.com / etf / xx. Please read the prospectus or summary prospectus carefully before making an investment.

Like all investments, there are certain risks associated with investing in this fund. The value of the fund shares may fluctuate, and investors may suffer losses as a result of their investment in this fund. Investments in this fund are not insured or guaranteed by the Federal Deposit Insurance Corporation of the United States (FDIC) or any other government agency.

The investment strategy of this fund is different from that of other investment products and may not be suitable for all investors. Investing in this fund is highly speculative and is only suitable for those who can afford to lose all their investment. This fund aims to provide substantial returns only when the S&P 500® Index exceeds the target level of 10,000 points on January 10, 2030, which is the “defined target date” (measured by the target ETF and its target level). If this level is not reached, investors will lose the majority of their investment. The returns sought by this fund are only possible at the end of the defined target period. Investors who buy after the start of the defined target period or sell before its end should expect significantly different results and should visit the fund’s website for current potential investment outcome information.

Investment strategy risks. The strategy of this fund is different from more common investment products and may not be suitable for some investors. If the target option is in-the-money at the end of the defined target period (after deducting the already paid premium), it may result in significant profits; however, if the target option is out-of-the-money upon expiration, investors could lose all or most of their investment. Among the five potential outcomes at the end of the defined target period, three are losses before deducting fees and expenses, and one of these outcomes means a loss of most of the value. When the underlying index approaches the target level, especially as the target date approaches, the share price of the fund may experience significant fluctuations; investors who buy during the period or sell before the target date should expect significantly different returns.

Relevance and calculation risks of the underlying ETF. The value of the fund shares ultimately depends on whether the price of the underlying ETF is higher than the target ETF at the end of the defined target period, which is the exercise price of the target option. If the advisor makes an error in calculating the target for the underlying ETF, or if the underlying ETF does not track the underlying index as expected, then even if the underlying index exceeds the target index, the target option may still expire out of the money, resulting in the fund losing the majority of its assets. Using multiple underlying assets ETF may exacerbate this risk, and the returns on the underlying assets ETF may also deviate from the target index due to fees, cash drag, portfolio differences, and other factors.

Catastrophic loss risk. If the underlying index is below the target level of the underlying index at maturity (measured by the underlying ETF and its target level), the value of the fund will suffer catastrophic losses. Investors who are unwilling to bear such losses should not purchase fund shares.

Option risk. The strategies and risks involved in using options (including target options) differ from those of ordinary securities trading and depend on the portfolio manager's ability to predict market trends. Option prices are subject to significant fluctuations, influenced by factors such as the actual and expected changes in the value of the underlying asset, interest rates, and expected volatility. The fund cannot guarantee that it will be able to close option positions at the desired time or at an acceptable price; the correlation between options and their underlying securities may not be perfect; a liquid secondary market may not always be available; and option trading also involves transaction costs.

FLEX Option Risk. The risks associated with trading FLEX options are different from, and may be higher than, those of directly investing in securities. Moreover, related positions could expire worthless. Although FLEX options are listed on an exchange, there is no guarantee of a well-liquid secondary market for them; in less liquid markets, closing positions may require accepting a discount and take longer, which could be detrimental to the value of FLEX options and fund shares, affect pricing during subscriptions and redemptions, and hinder the fund from achieving its investment objectives. The depth and liquidity of the FLEX option market may be lower than that of standardized exchange option markets.

Liquidity risk. There may be periods in the options market where there is insufficient liquidity, making it difficult or impossible to trade at ideal prices. Market disruptions can also lead to a scarcity of trading counterparts. Fund positions that are relatively large increase the risk of liquidity, making it harder to liquidate those positions, which can result in additional losses and may also affect option prices themselves.

Asset concentration risk. Since the portfolio consists of a very small number of target options on ETF (or perhaps even just one on ETF), poor performance of these references to ETF could have a disproportionate and significant adverse effect on the fund; compared to more diversified funds, this fund is more vulnerable to the impact of single events related to these ETF.

Target index risk. The fund has a significant exposure to the underlying index of the target option on the underlying ETF, and therefore also bears risks related to the underlying ETF.

Stock and securities risks. Stock values can fluctuate, and they may be more volatile than other asset classes; common stocks are ranked behind preferred stocks and debt instruments in bankruptcy liquidation, and they may be particularly sensitive to rising interest rates.

Risks of information technology companies. Information technology companies face intense competition, the possibility of product obsolescence due to rapid technological changes, reliance on patents and intellectual property, as well as increasing government and regulatory scrutiny.

Issuer risk. The performance of the underlying ETF depends on the securities in its portfolio; if the issuer's financial condition or credit rating deteriorates, it may reduce the value of the securities, and past dividends do not guarantee future dividends.

Risks of large-cap companies. Large-cap companies may adapt more slowly to environmental changes, have limited growth potential, and may underperform compared to the broader market during certain cycles.

Passive investment risk. The target ETF is not actively managed, and securities will not be sold based on investment value unless the relevant securities are removed from the index; defensive positions will also not be taken during market downturns.

Tracking error risk. The performance of the underlying ETF may deviate from the benchmark index due to differences in investment portfolios, pricing, transaction costs, cash holdings, timing, tax requirements, and other factors. This risk may be even higher during periods of market volatility.

Proactively manage risks. This fund is an actively managed fund, and its performance reflects the investment decisions of the advisor and/or co-advisor, which may prove to be incorrect. Regardless of whether market, economic, or other conditions are unfavorable, this strategy will be executed without temporarily shifting to a defensive position.

Asset class risk. Securities and other assets in a portfolio may underperform the overall financial market, a specific market, or other asset classes.

Settle the risk of clearing members defaulting. The liquidation options of funds are held through the accounts of clearing members, with the clearing house acting as the counterparty in these transactions. Client funds within the clearing institution are held in a consolidated account, which means that in certain circumstances, the margin of these funds may be used to cover losses of other clients of the clearing member. Moreover, in the event of a clearing member's bankruptcy, the assets of these funds may not be fully protected. The limited number of clearing members willing to provide such services exacerbates these risks, and the loss of access to clearing member channels could increase costs or hinder the effective implementation of strategies.

Concentration risk. If investments are concentrated in specific issuers, countries, regions, markets, industries, sectors, sub-markets, or asset classes, the fund may face a higher risk of loss, including situations where the impact of adverse events on those investments exceeds that of the overall market.

Counterparty risk. Transactions involving counterparties carry the risk that the other party may be unable to fulfill their obligations, whether due to financial conditions, market changes, or other foreseeable or unforeseeable factors; this could result in significant losses, and recovery of such losses may be limited or delayed.

Cybersecurity risks. Malfunctions or attacks on the electronic systems of the fund, its advisors, associate advisors, distributors, other service providers, market makers, authorized participants, or the issuers of securities in which the fund invests may all lead to business interruptions and financial losses. Business continuity plans and risk management systems have their limitations, and the fund also has no control over the cybersecurity plans and systems of third parties.

ETF Risk. Since the fund invests in FLEX options referenced by ETF, it also faces ETF risks: the value of ETF will fluctuate with the assets it holds, and its fees and expenses may drag down performance. Moreover, the ETF that tracks the index may not be able to match the index perfectly due to cash drag, portfolio differences, fees, and other factors.

Leverage risk. Although the fund does not seek leverage exposure to the underlying index, it relies on the leverage inherent in the target options to achieve and maintain that exposure. Establishing a trade without committing the full economic exposure creates leverage, which can amplify losses. This means that even small market fluctuations can result in significant and immediate losses, and can also increase the volatility of the fund.

New Fund Risks. This fund is a newly established investment company with limited operating history; therefore, there is less performance record available for potential investors to make investment decisions based on.

Non-decentralized risks. As a non-diversified fund, this fund may hold a smaller portfolio of securities compared to many other funds; therefore, a decline in the value of any single holding could have a greater impact on the fund's value, and the volatility of the fund's shares may also be higher than that of diversified funds.

Operational risks. Funds are exposed to risks arising from human errors, processing and communication mistakes, errors on the part of service providers or counterparties, ineffective or inadequate processes, as well as technical or system failures, among other operational factors. Funds rely on third parties to provide services including custody. Although relevant controls and procedures are designed to mitigate operational risks, these risks cannot be completely eliminated.

Tax risks of regulated investment companies ( RIC ). The fund intends to obtain the status of a regulated investment company annually in accordance with the U.S. Internal Revenue Code, which requires meeting certain criteria such as total income, asset diversification, and distribution tests. If the fund fails to pass these tests and loses its RIC status, it will be taxed as a regular corporation, and its distributions will not be deductible when calculating taxable income, which could adversely affect the fund's performance.

ETF Structural risks. This fund belongs to ETF, and therefore faces risks related to the structure of ETF.

Active market risk. Although the fund shares are listed on the exchange, it cannot be guaranteed that an active trading market will be formed or maintained, and the fund shares may trade at prices lower than, equal to, or higher than their net asset value.

Market participants' risks. Only authorized participants are allowed to trade directly with the fund, and none of these participants are obligated to participate. The fund also relies on a limited number of market makers who have no obligation to act. If these participants withdraw, especially during periods of market stress, it may weaken the arbitrage mechanism, leading to shares being traded at a premium or discount and an increase in the bid-ask spread. This could potentially result in a suspension of trading or delisting.

Risks of cash transactions. The fund is expected to be subscribed for in cash rather than in kind, which may widen the bid-ask spread and create premiums/discounts, leading to execution deviations and impairing performance. At the same time, it will increase costs. If cash redemption is chosen, the fund may need to sell portfolio assets at unfavorable times, and the capital gains distributed may also differ from those of ETF redeemed in kind.

The cost of buying and selling fund shares. For frequent traders, brokerage commissions and bid-ask spreads can significantly reduce investment outcomes; for investors who anticipate making small investments on a regular basis, investing in this fund may not be suitable.

Premium/discount risk. Fund shares are traded at market prices, which may be higher than their net asset value (at a premium) or lower than their net asset value (at a discount). Therefore, when shareholders buy shares, they may pay a price higher than the underlying value, and when they sell shares, they may receive an amount lower than the underlying value. This risk increases during periods of significant market volatility or sharp declines.

Transaction risks. It cannot be guaranteed that there will be trading volume for the fund shares, nor can it be assured that there will definitely be transactions; under market pressure, the liquidity of the shares may be similar to the liquidity of the underlying positions; exchanges may suspend trading due to circuit breaker rules or other reasons; the fund also cannot guarantee that it will continuously meet the listing requirements.

Tax risks associated with options investment. The fund intends to consider option income as qualifying income applicable to RIC, and based on legislative history, it will regard the option issuer as the issuer of the reference asset under the RIC diversification rules. If either of the above treatments is incorrect, the fund may lose its RIC qualification.

U.S. government securities risks. Funds may directly invest in U.S. short-term government securities such as Treasuries, or invest in ETF that hold such securities. These securities carry interest rate risk, but generally do not have the credit risk of other debt instruments; therefore, their yields are usually lower. Moreover, government guarantees cover only the timely payment of interest and the repayment of principal upon maturity.

Valuation risk. Funds may hold assets that are valued based on factors other than market quotes, such as when the assets are not traded on centralized exchanges, or during times of market turmoil and decreased liquidity. The valuation obtained using one method may differ from that obtained using another method; daily fluctuations in positions measured at fair value can be greater; moreover, funds cannot guarantee the ability to sell or close related positions at the established valuation.

Roundhill Financial Inc serves as an investment advisor. The fund is distributed by Foreside Fund Services and LLC. This institution has no association with Roundhill Financial Inc, U.S, Bank, or any of their affiliated parties.