Roundhill Announces Strategy and Exchange Changes for Roundhill Video Games ETF

Rhea-AI Summary

Roundhill Video Games ETF (NERD) announced two significant changes to its fund structure. First, the ETF will transition from a passive index-based strategy to active management effective September 30, 2025. Second, the fund will transfer its listing from Nasdaq to Cboe BZX Exchange.

The fund will maintain its focus on the video games industry, investing in publishers, developers, and distributors of interactive gaming software across console, PC, mobile, and cloud platforms, as well as esports-related companies. Importantly, these changes will not require any action from shareholders and are not expected to impact the trading of fund shares.

Positive

• Transition to active management could potentially allow for more dynamic investment decisions
• No shareholder action required for the exchange transfer
• Trading continuity maintained during exchange transition

Negative

• Active management typically involves higher expense ratios compared to passive strategies
• Potential deviation from original index-tracking investment objective

Roundhill Video Games ETF (NERD) to transition management strategy from passive to active, listing venue from Nasdaq to Cboe BZX

NEW YORK, Sept. 12, 2025 /PRNewswire/ -- Roundhill Investments, an ETF sponsor focused on innovative financial products, today announced that the Roundhill Video Games ETF (NERD) will transition from index-based to an actively-managed ETF following the market close on September 30, 2025.

The Fund will continue to focus on the Video Games industry, and will generally include publishers, developers and distributors of interactive gaming software for console, PC, mobile and cloud platforms, as well as providers of related online gaming services and esports.

In addition, NERD will be transferring its exchange listing from Nasdaq to Cboe BZX. No shareholder action is expected because of this change, nor is the transfer expected to affect the trading of fund shares.

Fund Name	Ticker	Current Exchange	New Exchange
Roundhill Video Games ETF	NERD	NASDAQ	Cboe BZX

For more information on NERD and its current holdings: https://www.roundhillinvestments.com/etf/NERD/

About Roundhill Investments:

Founded in 2018, Roundhill Investments is an SEC-registered investment advisor focused on innovative exchange-traded funds. Roundhill's suite of ETFs offers distinct and differentiated exposures across thematic equity, options income, and trading vehicles. Roundhill offers a depth of ETF knowledge and experience, as the team has collectively launched more than 100+ ETFs including several first-to-market products. To learn more about the company, please visit roundhillinvestments.com.

Investors should consider the investment objectives, risk, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the NERD ETF please call 1-855-561-5728 or visit the website at https://www.roundhillinvestments.com/etf/NERD/. Read the prospectus or summary prospectus carefully before investing.

Investing involves risk, including possible loss of principal. Video game companies face intense competition, both domestically and internationally, may have products that face rapid obsolescence, and are heavily dependent on the protection of patent and intellectual property rights. Such factors may adversely affect the profitability and value of video gaming companies. Investments made in small and mid-capitalization companies may be more volatile and less liquid due to limited resources or product lines and more sensitive to economic factors. Fund investments will be concentrated in an industry or group of industries, and the value of Fund shares may risk and fall more than diversified funds. Foreign investing involves social and political instability, market illiquidity, exchange-rate fluctuation, high volatility and limited regulation risks. Depository Receipts involve risks similar to those associated investments in foreign securities, but may not provide a return that corresponds precisely with that of the underlying shares. Please see the prospectus for details of these and other risks.

Roundhill Financial Inc. serves as the investment advisor. The Funds are distributed by Foreside Fund Services, LLC which is not affiliated with Roundhill Financial Inc., U.S. Bank, or any of their affiliates.

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SOURCE Roundhill Investments

FAQ

When will the Roundhill Video Games ETF (NERD) switch to active management?

NERD will transition from index-based to active management after market close on September 30, 2025.

What changes are happening to the NERD ETF in September 2025?

NERD is making two changes: transitioning from passive to active management and moving its listing from Nasdaq to Cboe BZX Exchange.

Will NERD ETF shareholders need to take any action due to these changes?

No, shareholders are not required to take any action. The changes will not affect the trading of fund shares.

What types of companies will NERD ETF invest in after becoming actively managed?

NERD will continue to focus on video game publishers, developers, distributors, and companies involved in console, PC, mobile, cloud gaming, and esports.

How will the NERD ETF exchange transfer affect existing shareholders?

The exchange transfer from Nasdaq to Cboe BZX is not expected to affect shareholders or the trading of fund shares.