Roundhill BABA WeeklyPay ETF (BABW)

The Roundhill BABA WeeklyPay ETF is a single-stock fund from Roundhill Investments linked to Alibaba Group (BABA). It seeks to deliver 1.2 times the weekly total return of Alibaba's American depositary shares, before fees and expenses, and to make distributions to shareholders every week.

The fund gains its exposure mainly through swap agreements and other derivatives on Alibaba, holding cash and Treasury instruments as collateral. Leverage is reset weekly, so the 1.2x multiple applies to single weekly periods rather than to cumulative returns over longer horizons.

Alibaba Group, headquartered in Hangzhou, China, operates e-commerce marketplaces such as Taobao and Tmall, a cloud computing business and logistics services. The fund's weekly distributions may include a return of capital.