Roundhill Files for Two ETFs Targeting Oil Refiners and Tanker Operators

Roundhill has filed to launch two actively managed ETFs targeting distinct segments of the global oil industry: the Roundhill Oil Refiners ETF (RFNR) and Roundhill Oil Tankers ETF (VLCC). RFNR will invest in companies refining crude oil into gasoline, diesel, jet fuel and other petroleum products, excluding integrated oil producers. VLCC will target companies owning, operating and chartering vessels transporting crude oil and refined petroleum products. Both funds will allocate at least 80% of their assets to qualifying equities or swaps, focusing on companies generating at least 50% of revenues from their respective activities. Each will generally target industry leaders with market capitalizations of at least $1 billion, allow U.S. and international holdings, and rebalance at least quarterly. Both ETFs will be non-diversified and concentrated in the energy sector.