Roundhill Gold Miners ETF Declares $0.2499 Weekly Distribution

Roundhill Gold Miners WeeklyPay ETF (GDXW) declared a weekly distribution of $0.2499 per share, with payment scheduled for Oct. 14 after the fund’s Oct. 13 ex-dividend and record date.

The distribution is $0.24993 per share, while the declaration amount is rounded to $0.2499. Shareholders recorded on Oct. 13 are eligible for the payment.

GDXW trades on Cboe BZX and is designed to combine weekly distributions with leveraged exposure to gold-mining equities through the VanEck Gold Miners ETF. The fund targets 120% of the calendar-week total return of that ETF before fees and expenses.

The fund’s gross expense ratio is 0.99%. Its weekly distribution formula uses market-based inputs, including the recent total return and implied volatility of the underlying ETF, so payments can vary from week to week.

Roundhill expects GDXW to make distributions weekly. The fund also intends for all or a significant portion of its distributions to be characterized as a return of capital, although final tax treatment is determined after the fund’s fiscal year.

The next scheduled step is the Oct. 14 payment date.