Roundhill Magnificent Seven ETF
  
Schedule of Investments
  
March 31, 2026 (Unaudited)
  
   
COMMON STOCKS - 35.1%
Shares
 
Value
 
Auto Manufacturers - 5.8%
      
Tesla, Inc. (a)
    
548,692
    
$
203,976,251
  
                 
Computers - 4.6%
          
Apple, Inc.
    
643,750
      
163,377,312
  
                 
Internet - 13.6%
          
Alphabet, Inc. - Class A
    
399,102
      
114,765,771
  
Amazon.com, Inc. (a)
    
839,023
      
174,743,320
  
Meta Platforms, Inc. - Class A
    
335,051
      
191,692,729
  
             
481,201,820
  
                 
Semiconductors - 4.7%
          
NVIDIA Corp.
    
960,989
      
167,596,482
  
                 
Software - 6.4%
          
Microsoft Corp.
    
609,669
      
225,681,174
  
TOTAL COMMON STOCKS (Cost $1,430,401,228)
      
1,241,833,039
  
                 
EXCHANGE TRADED FUNDS - 8.9%
Shares
 
Value
 
Roundhill Ultra Short Duration No Dividend Target ETF (a)(b)
    
3,183,663
      
313,622,642
  
TOTAL EXCHANGE TRADED FUNDS (Cost $315,246,311)
      
313,622,642
  
                 
SHORT-TERM INVESTMENTS
  
U.S. TREASURY BILLS - 52.0%
Par
 
Value
 
3.64%, 05/19/2026 (c)(d)
    
1,850,000,000
      
1,841,064,500
  
TOTAL U.S. TREASURY BILLS (Cost $1,841,064,500)
      
1,841,064,500
  
                 
MONEY MARKET FUNDS - 5.1%
Shares
 
Value
 
First American Government Obligations Fund - Class X, 3.58% (e)
    
179,486,048
      
179,486,048
  
TOTAL MONEY MARKET FUNDS (Cost $179,486,048)
      
179,486,048
  
                 
TOTAL INVESTMENTS - 101.1% (Cost $3,766,198,087)
      
3,576,006,229
  
Liabilities in Excess of Other Assets - (1.1)%
      
(39,800,767
)
TOTAL NET ASSETS - 100.0%
          
$
3,536,205,462
  
                 
Par amount is in USD unless otherwise indicated.
          
Percentages are stated as a percent of net assets.
          

(a)
Non-income producing security.
(b)
Affiliated security as defined by the Investment Company Act of 1940.
(c)
The rate shown is the annualized yield as of March 31, 2026.
(d)
All or a portion of the security has been pledged as collateral for swap contracts. The fair value of assets committed as collateral as of March 31, 2026 was $504,745,152.
(e)
The rate shown represents the 7-day annualized yield as of March 31, 2026.
Roundhill Magnificent Seven ETF
  
Schedule of Total Return Swap Contracts
  
March 31, 2026 (Unaudited)
  
   
Reference Entity
Counterparty
Pay/ Receive
 Reference Entity
Financing Rate
Payment
Frequency
Maturity Date
  
Notional Amount
    
Value/
Unrealized
Appreciation
(Depreciation)
  
Alphabet, Inc.
Goldman Sachs
Receive
OBFR
Termination
02/16/2027
  
$
205,284,483
    
$
47,660,849
  
Alphabet, Inc.
Nomura Securities International, Inc.
Receive
OBFR + 0.75%
Termination
07/14/2026
    
186,136,438
      
36,884,264
  
Amazon.com, Inc.
Goldman Sachs
Receive
OBFR
Termination
02/16/2027
    
125,928,789
      
(11,383,798
)
Amazon.com, Inc.
Nomura Securities International, Inc.
Receive
OBFR + 0.75%
Termination
07/14/2026
    
202,840,818
      
(15,974,219
)
Apple, Inc.
Goldman Sachs
Receive
OBFR
Termination
02/16/2027
    
164,323,188
      
13,107,521
  
Apple, Inc.
Nomura Securities International, Inc.
Receive
OBFR + 0.75%
Termination
07/14/2026
    
177,374,085
      
(3,886,653
)
Meta Platforms, Inc.
Goldman Sachs
Receive
OBFR
Termination
02/16/2027
    
126,242,201
      
(30,044,322
)
Meta Platforms, Inc.
Nomura Securities International, Inc.
Receive
OBFR + 0.75%
Termination
07/14/2026
    
189,286,922
      
(19,371,441
)
Microsoft Corp.
Goldman Sachs
Receive
OBFR + 1.00%
Termination
02/16/2027
    
109,213,476
      
(36,807,229
)
Microsoft Corp.
Nomura Securities International, Inc.
Receive
OBFR + 0.75%
Termination
07/14/2026
    
169,146,960
      
(48,204,518
)
NVIDIA Corp.
Goldman Sachs
Receive
OBFR + 1.20%
Termination
08/14/2026
    
156,833,560
      
3,473,844
  
NVIDIA Corp.
Nomura Securities International, Inc.
Receive
OBFR + 0.75%
Termination
07/14/2026
    
182,027,384
      
35,623,973
  
Tesla, Inc.
Goldman Sachs
Receive
OBFR
Termination
02/16/2027
    
146,289,945
      
(984,852
)
Tesla, Inc.
Nomura Securities International, Inc.
Receive
OBFR + 0.75%
Termination
07/14/2026
    
154,010,821
      
3,336,933
  
Net Unrealized Appreciation (Depreciation)
      
0
      
(26,569,648
)
   
There are no upfront payments or receipts associated with total return swaps in the Fund as of March 31, 2026.
  
   
OBFR - Overnight Bank Funding Rate was 3.64% as of March 31, 2026.
  
Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
 
Roundhill Magnificent Seven ETF (the "Fund") has adopted fair value accounting standards which establish a 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 valuation 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 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, 2026:
 


   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  Common Stocks
  
$
1,241,833,039
    
$
–
    
$
–
    
$
1,241,833,039
  
  Exchange Traded Funds
    
313,622,642
      
–
      
–
      
313,622,642
  
  U.S. Treasury Bills
    
–
      
1,841,064,500
      
–
      
1,841,064,500
  
  Money Market Funds
    
179,486,048
      
–
      
–
      
179,486,048
  
Total Investments
  
$
1,734,941,729
    
$
1,841,064,500
    
$
–
    
$
3,576,006,229
  
   
Other Financial Instruments:
                                
  Total Return Swaps *
  
$
–
    
$
140,087,384
    
$
–
    
$
140,087,384
  
Total Other Financial Instruments
  
$
–
    
$
140,087,384
    
$
–
    
$
140,087,384
  
                                 
Liabilities:
                                
Other Financial Instruments:
                                
  Total Return Swaps *
  
$
–
    
$
(166,657,032
)
  
$
–
    
$
(166,657,032
)
Total Other Financial Instruments
  
$
–
    
$
(166,657,032
)
  
$
–
    
$
(166,657,032
)
   
* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of March 31, 2026.
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  

Roundhill Magnificent Seven ETF - Transactions with Affiliates
        
   
Value as of
December 31, 2025
    
Additions
    
Reductions
    
Realized Gain
(Loss)
    
Net Change in Unrealized Appreciation (Depreciation)
    
Value as of
March 31, 2026
    
Shares as of
March 31, 2026
    
Dividend /
Interest
Income
    
Capital Gain Distributions
from
Underlying Funds
  
Roundhill Ultra Short Duration No Dividend Target ETF
  
$
–
    
$
316,864,000
    
$
(1,617,216
)
  
$
(474
)
  
$
(1,623,668
)
  
$
313,622,642
      
3,183,663
    
$
–
    
$
–
  
   
$
–
    
$
316,864,000
    
$
(1,617,216
)
  
$
(474
)
  
$
(1,623,668
)
  
$
313,622,642
      
3,183,663
    
$
–
    
$
–