Roundhill S&P 500 0DTE Covered Call Strategy ETF
  
Schedule of Investments
  
March 31, 2025 (Unaudited)
  
   
PURCHASED OPTIONS - 90.2%(a)
  
Notional Amount
    
Contracts
    
Value
  
Call Options - 90.2%
          
$
–
  
S&P 500 Index (b)(c)
      
–
    
$
–
  
Expiration: 06/20/2025; Exercise Price: $520.00
  
$
77,443,530
      
138
    
$
70,004,688
  
Expiration: 09/19/2025; Exercise Price: $540.50
    
117,287,665
      
209
      
105,421,416
  
Expiration: 12/19/2025; Exercise Price: $607.91
    
190,802,900
      
340
      
168,978,219
  
TOTAL PURCHASED OPTIONS (Cost $360,082,544)
      
344,404,323
  
                         
SHORT-TERM INVESTMENTS - 10.6%
            
Value
 
Money Market Funds - 10.6%
    
Shares
          
First American Government Obligations Fund - Class X, 4.27% (d)
      
40,628,614
      
40,628,614
  
TOTAL SHORT-TERM INVESTMENTS (Cost $40,628,614)
      
40,628,614
  
                         
TOTAL INVESTMENTS - 100.8% (Cost $400,711,158)
      
385,032,937
  
Liabilities in Excess of Other Assets - (0.8)%
      
(2,886,043
)
TOTAL NET ASSETS - 100.0%
                  
$
382,146,894
  
two
      
–
%
Percentages are stated as a percent of net assets.
      
–
%

(a)
Non-income producing security.
(b)
Exchange-traded.
(c)
100 shares per contract.
(d)
The rate shown represents the 7-day annualized effective yield as of March 31, 2025.
Summary of Fair Value Disclosure as of March 31, 2025 (Unaudited)
 
Roundhill S&P 500 0DTE Covered Call Strategy ETF has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
 
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
 
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
 
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of March 31, 2025:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Purchased Options
  
$
–
    
$
344,404,323
    
$
–
    
$
344,404,323
  
  Money Market Funds
    
40,628,614
      
–
      
–
      
40,628,614
  
Total Investments
  
$
40,628,614
    
$
344,404,323
    
$
–
    
$
385,032,937
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.