The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective through exposure to a concentrated basket of five to ten of the largest and most innovative Chinese companies (the China Dragons), as determined by the Funds investment adviser, Roundhill Financial Inc. (Roundhill or the Adviser). The Fund seeks exposure to each issuer in its portfolio through direct holdings of American Depositary Receipts (ADRs), or through synthetic exposure provided by derivative instruments, such as swap agreements or forward contracts, on ADRs. The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in instruments (including ADRs and derivatives on ADRs) that provide exposure to Chinese issuers. For purposes of compliance with this investment policy, derivative contracts (i.e. swap agreements and forward contracts) will be valued at their notional value.