Roundhill Ultra Short Duration No Dividend Target ETF (XBOX)

The Roundhill Ultra Short Duration No Dividend Target ETF is an exchange-traded fund from Roundhill Investments that trades on Cboe BZX under the ticker XBOX. It seeks to provide returns resembling those of ultra-short-duration, cash-like investments while aiming not to pay regular distributions.

Rather than distributing interest income, the fund is structured so that returns accrue in the share price. Strategies of this kind often use option combinations, such as box spreads, that replicate a short-term risk-free rate, which is why the fund targets no dividends instead of passing income through to shareholders.

The fund is intended for a cash-management role.