Roundhill T-REX 2X Long DRAM Daily Target ETF

Frequently Asked Questions About RAM

What does RAM invest in?

RAM seeking daily leveraged exposure is very different from most other exchange-traded funds. As a result, RAM may be riskier than alternatives that do not use leverage. The ETF's investment objective is to magnify (200%) the daily performance of the shares of the Issuers own Memory ETF, ticker: DRAM. The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 200% of the performance of DRAM for the period. The return of the Fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from 200% of the return of DRAM for that period. Longer holding periods, higher volatility of DRAM, and leverage increase the impact of compounding on an investor's returns. During periods of higher DRAM volatility, the volatility of DRAM may affect the Fund's return as much as, or more than, the return of DRAM.

What is the expense ratio of RAM?

Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM) charges an expense ratio of 1.25%. This is the annual fee deducted from fund assets to cover management and operations.

Is RAM a good long-term hold?

RAM is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does RAM's daily reset work?

RAM rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is RAM?

Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM) manages $759.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is RAM actively managed or an index fund?

RAM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.