Roundhill META WeeklyPay ETF (METW)

The Roundhill META WeeklyPay ETF is part of Roundhill Investments' WeeklyPay series of single-stock funds. It seeks to provide modestly leveraged exposure to Meta Platforms, the parent of Facebook, Instagram and WhatsApp, targeting 1.2 times the stock's return on a weekly basis, before fees and expenses.

The fund obtains its exposure through swap agreements and similar derivatives, resetting leverage each week, and it is designed to pay distributions to shareholders every week. Because the leverage resets weekly, returns over longer periods can differ from 1.2 times Meta's cumulative performance.