Roundhill Files for Enterprise Software ETF Targeting Industry Leaders

Roundhill has filed to launch the Roundhill Enterprise Software ETF, an actively managed fund investing at least 80% of its assets in companies developing software used by businesses to manage operations, data and applications. Eligible companies must generate at least 50% of their revenue from enterprise software, including cloud infrastructure, customer relationship management, data analytics, workflow automation and productivity platforms. The fund will target industry leaders with market capitalizations of at least $5 billion, using market share, revenue exposure and platform breadth to guide selection. It may invest in U.S. and international equities, including IPOs, and use swaps or forward contracts to gain exposure. Holdings will be rebalanced at least quarterly. The ETF will be non-diversified and concentrated in the information technology sector.