Key stats
About Roundhill MEME ETF
Home page
Inception date
Dec 8, 2021
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Roundhill Financial, Inc.
Distributor
Foreside Fund Services LLC
The fund is closing. The last day of trading on an exchange is December 12, 2023. MEME relies on social media popularity and market sentiments in constructing its narrow portfolio. Eligible securities are initially given a social media activity or meme scorethat is the number of times a firm, or its ticker, are mentioned on specific social media platforms over a trailing 14-day period. The top 50 companies with the highest meme score will then be ranked based on short interestwhich pertains to the percentage of a firms available publicly traded shares that have been sold short but which have not yet been covered or closed out. The 25 securities with the highest short interest will be selected for inclusion and equally weighted within the portfolio. Since high short interest implies a bearish market sentiment, this balances the bullish outlook of high social media interest, thus, capturing firms with the potential for price appreciation at a more attractive value. The index rebalances every two weeks with selection occurring every 2nd Friday of the month.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund99.64%
Cash0.36%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MEME shares are issued by Roundhill Financial, Inc. under the brand Roundhill. The ETF was launched on Dec 8, 2021, and its management style is Passive.
MEME expense ratio is 0.69% meaning you'd have to pay 0.69% of your investment to help manage the fund.
MEME follows the Solactive Roundhill Meme Stock Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MEME invests in funds.