Roundhill S&P 500(R) Defensive Income ETF Roundhill S&P 500(R) Defensive Income ETF Shares Market Risk Swap Agreements Rolling Risk Liquidity Risk Index and Underlying Index Risks Asset Class Risk Clearing Member Default Risk Concentration Riks Counterparty Risk Current Market Conditions Risk Cybersecurity Risk Index Provider Risk Leverage Risk Mark To Market (Section 1256) Risk New Fund Risk Operational Risk Passive Investment Risk Regulated Investment Company Tax Risk Return of Capital Tax Risk Structural ETF Risks United States Government Securities Risk Valuation Risk