Roundhill Files for ETF Targeting CPU Makers and Designers

Roundhill has filed for the Roundhill CPU ETF (XCPU), an actively managed fund targeting companies deriving at least 50% of revenues from central processing units and integrated systems. The strategy spans microprocessors, systems-on-chip, microcontrollers and CPU architecture licensing, covering processors used in computers, smartphones, vehicles and industrial equipment. At least 80% of net assets would provide exposure to qualifying companies through equities or derivatives. Roundhill would select industry leaders based on factors including market share and CPU-related revenue, rebalancing at least quarterly. The fund could invest globally, including in China A-shares, and would be non-diversified with concentrated technology exposure.