Roundhill Investments Launches S&P 500® No Dividend Target ETF (XDIV)

XDIV seeks to replicate the total return of the S&P 500® Index while eliminating distributions.

NEW YORK, July 10, 2025 /PRNewswire/ -- Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce the launch of the Roundhill S&P 500® No Dividend Target ETF (XDIV), which begins trading on the Cboe today. As the first of its kind, XDIV provides investors with total return exposure to the S&P 500® Index while minimizing ETF distributions.

XDIV is specifically designed for tax-aware investors who want to maintain equity exposure without distributions. By minimizing ETF distributions, the fund offers a solution for those seeking to minimize taxable income, while staying fully invested in the long-term growth potential of the S&P 500® Index. While the fund is designed to eliminate distributions, there is no guarantee that distributions will always be avoided.

"XDIV seeks to provide investors long-term capital appreciation without the drag of distributions," said Dave Mazza, Chief Executive Officer at Roundhill Investments. "XDIV is a true innovation and is ideal for investors who want to remain fully invested without the tax impact of dividends, enabling a more streamlined approach to achieving total return goals."

XDIV is one of the lowest cost S&P 500 ETFs globally at a net expense ratio of 0.0849%*.

*Net expenses reflect fees incurred by the Fund after waivers and reimbursements -- fee waivers for XDIV are contractual and in effect until at least 6/10/2026. XDIV's gross expense ratio is equal to 0.215%.

About Roundhill Investments:

Founded in 2018, Roundhill Investments is an SEC-registered investment advisor focused on innovative exchange-traded funds. Roundhill's suite of ETFs offers distinct and differentiated exposures across thematic equity, options income, and trading vehicles. Roundhill offers a depth of ETF knowledge and experience, as the team has collectively launched more than 100+ ETFs including several first-to-market products. To learn more about the company, please visit roundhillinvestments.com.

There is no guarantee that the Fund will be able to successfully avoid paying dividends and distributions. Additionally, there can be no guarantee that the Fund will be successful in its strategy to provide shareholders with a total return that matches that of the S&P 500® Index.

Investors should consider the investment objectives, risk, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information please call 1-855-561-5728 or visit the website at https:// www.roundhillinvestments.com/etf/XDIV. Read the prospectus or summary prospectus carefully before investing.

Investment Strategy Risk. There is no guarantee that the Fund will be able to successfully avoid paying dividends and distributions. Additionally, there can be no guarantee that the Fund will be successful in its strategy to provide shareholders with a total return that matches that of the S&P 500® Index. In order to effectuate the Fund's strategy, the Adviser is relying upon the ability to conduct in-kind redemptions of the Fund's S&P 500 ETF holdings. In the event that the Adviser is unable to do so due to factors such as broker-dealer balance sheet availability constraints, market volatility, regulatory changes, contrary IRS positions relating to an ETF's use of in-kind creations or redemptions, or operational issues, the ability of the Adviser to avoid the taxable income generated by an investment in Fund Shares may be impaired and may force the Fund to make a dividend or distribution payment.

S&P 500 ETFS RISKS. The Fund will have significant exposure to the S&P 500® Index through its investments in the S&P 500 ETFs. Accordingly, the Fund will subject to the risks of the S&P 500 ETFs, set forth below. In addition to these risks, each S&P 500 ETF is also subject to the following risks to which the Fund is also subject, which are described within the section entitled "Principal Risks": Active Market Risk, Asset Class Risk, Concentration Risk, Cybersecurity Risk, Operational Risk and Structural ETF Risk.

Active Management Risk. The Fund is actively-managed and its performance reflects investment decisions that the Adviser and/or Sub-Adviser makes for the Fund. Such judgments about the Fund's investments may prove to be incorrect.

Active Market Risk. Although Fund Shares are listed for trading on the Exchange, there can be no assurance that an active trading market for Fund Shares will develop or be maintained.

New Fund Risk. The Fund is a recently organized investment company with a limited operating history. As a result, prospective investors have a limited track record or history on which to base their investment decision.

Roundhill Financial Inc. serves as the investment advisor. The Funds are distributed by Foreside Fund Services, LLC which is not affiliated with Roundhill Financial Inc., U.S. Bank, or any of their affiliates.

Glossary

S&P 500 Index (S&P 500®): The S&P 500 Index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. It is rebalanced quarterly in March, June, September and December.

SOURCE Roundhill Investments