Roundhill Generative AI & Technology ETF
Schedule of Investments
July 31, 2024 (Unaudited)
| COMMON STOCKS - 99.6% | Shares | Value | ||||||
| Commercial Services - 0.5% | ||||||||
| Appier Group, Inc. (a) | 106,671 | $ | 874,864 | |||||
| Computers - 9.3% | ||||||||
| Apple, Inc. | 16,304 | 3,620,792 | ||||||
| Dell Technologies, Inc. - Class C | 32,775 | 3,725,862 | ||||||
| Hewlett Packard Enterprise Co. | 86,404 | 1,720,304 | ||||||
| Inventec Corp. | 1,087,686 | 1,578,419 | ||||||
| Quanta Computer, Inc. | 190,755 | 1,581,404 | ||||||
| Super Micro Computer, Inc. (a) | 3,603 | 2,528,045 | ||||||
| Wistron Corp. | 560,935 | 1,651,917 | ||||||
| Wiwynn Corp. | 26,108 | 1,612,389 | ||||||
| 18,019,132 | ||||||||
| Electric - 1.4% | ||||||||
| Constellation Energy Corp. | 4,918 | 933,436 | ||||||
| NRG Energy, Inc. | 11,600 | 871,972 | ||||||
| Vistra Corp. | 12,066 | 955,869 | ||||||
| 2,761,277 | ||||||||
| Electrical Components & Equipment - 1.4% | ||||||||
| Eaton Corp. PLC | 8,643 | 2,634,300 | ||||||
| Electronics - 0.9% | ||||||||
| Coherent Corp. (a) | 24,428 | 1,702,143 | ||||||
| Home Furnishings - 0.0%(b) | ||||||||
| Mobvoi, Inc. (a) | 289,000 | 48,093 | ||||||
| Internet - 22.7% | ||||||||
| Alibaba Group Holding Ltd. | 418,669 | 4,142,744 | ||||||
| Alphabet, Inc. - Class A | 68,730 | 11,789,944 | ||||||
| Amazon.com, Inc. (a) | 34,065 | 6,369,474 | ||||||
| Baidu, Inc. - Class A (a) | 757,572 | 8,504,744 | ||||||
| Meta Platforms, Inc. - Class A | 15,702 | 7,455,781 | ||||||
| Tencent Holdings Ltd. | 124,661 | 5,779,853 | ||||||
| 44,042,540 | ||||||||
| Machinery - Construction & Mining - 1.3% | ||||||||
| Vertiv Holdings Co. - Class A | 33,192 | 2,612,210 | ||||||
| Semiconductors - 36.4%(c) | ||||||||
| Advanced Micro Devices, Inc. (a) | 47,748 | 6,898,631 | ||||||
| Advantest Corp. | 96,588 | 3,870,325 | ||||||
| Alphawave IP Group PLC (a) | 918,311 | 1,832,989 | ||||||
| ARM Holdings PLC - ADR (a) | 19,174 | 2,764,316 | ||||||
| ASML Holding NV | 1,989 | 1,830,526 | ||||||
| Astera Labs, Inc. (a) | 37,300 | 1,635,232 | ||||||
| Broadcom, Inc. | 36,517 | 5,867,552 | ||||||
| Intel Corp. | 131,766 | 4,050,487 | ||||||
| Marvell Technology, Inc. | 78,675 | 5,269,651 | ||||||
| Micron Technology, Inc. | 25,333 | 2,782,070 | ||||||
| NVIDIA Corp. | 133,381 | 15,608,245 | ||||||
| QUALCOMM, Inc. | 16,233 | 2,937,361 | ||||||
| Samsung Electronics Co. Ltd. | 55,856 | 3,403,899 | ||||||
| SK Hynix, Inc. | 44,919 | 6,349,183 | ||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. | 195,688 | 5,560,468 | ||||||
| 70,660,935 | ||||||||
| Software - 21.5% | ||||||||
| Adobe, Inc. (a) | 11,741 | 6,476,922 | ||||||
| C3.ai, Inc. - Class A (a) | 88,556 | 2,368,873 | ||||||
| Cadence Design Systems, Inc. (a) | 3,323 | 889,434 | ||||||
| iFLYTEK Co. Ltd. - Class A | 325,395 | 1,788,377 | ||||||
| Microsoft Corp. | 28,388 | 11,876,120 | ||||||
| Oracle Corp. | 32,671 | 4,555,971 | ||||||
| Palantir Technologies, Inc. - Class A (a) | 73,228 | 1,969,101 | ||||||
| Salesforce, Inc. | 20,260 | 5,243,288 | ||||||
| SenseTime Group, Inc. - Class B (a) | 11,612,214 | 1,798,615 | ||||||
| ServiceNow, Inc. (a) | 5,926 | 4,826,075 | ||||||
| 41,792,776 | ||||||||
| Telecommunications - 4.2% | ||||||||
| Arista Networks, Inc. (a) | 16,062 | 5,566,286 | ||||||
| Nice Ltd. - ADR (a) | 9,458 | 1,711,898 | ||||||
| Sakura Internet, Inc. | 39,671 | 813,406 | ||||||
| 8,091,590 | ||||||||
| TOTAL COMMON STOCKS (Cost $176,385,655) | 193,239,860 | |||||||
| SHORT-TERM INVESTMENTS - 0.4% | ||||||||
| Money Market Funds - 0.4% | ||||||||
| First American Government Obligations Fund - Class X, 5.23% (d) | 813,997 | 813,997 | ||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $813,997) | 813,997 | |||||||
| TOTAL INVESTMENTS - 100.0% (Cost $177,199,652) | 194,053,857 | |||||||
| Other Assets in Excess of Liabilities - 0.0% (b) | 35,601 | |||||||
| TOTAL NET ASSETS - 100.0% | $ | 194,089,458 |
Percentages are stated as a percent of net assets.
| ADR - American Depositary Receipt |
| NV - Naamloze Vennootschap |
| PLC - Public Limited Company |
| (a) | Non-income producing security. | |
| (b) | Represents less than 0.05% of net assets. | |
| (c) | To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors. | |
| (d) | The rate shown represents the 7-day annualized effective yield as of July 31, 2024. |
Summary of Fair Value Disclosure as of July 31, 2024 (Unaudited)
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:
• 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 spreads, 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 inputs used to value the Fund’s investments as of July 31, 2024:
Roundhill Generative AI & Technology ETF
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Assets: | ||||||||||||||||
| Common Stocks | $ | 193,239,860 | $ | — | $ | — | $ | 193,239,860 | ||||||||
| Money Market Funds | 813,997 | — | — | 813,997 | ||||||||||||
| Total Assets | $ | 194,053,857 | $ | — | $ | — | $ | 194,053,857 | ||||||||
Refer to the Schedule of Investments for further disaggregation of investment categories.