(CHAT) Roundhill Generative AI - NYSE ARCA

The Roundhill Generative AI & Technology ETF (CHAT) is an actively managed fund targeting global companies at the forefront of generative artificial intelligence and supporting infrastructure. To maintain its thematic focus, the fund allocates at least 80% of its net assets to equity securities within the AI and technology sectors, including exposure to emerging markets. This strategy captures both software developers creating large language models and hardware providers essential for high-performance computing.

The generative AI sector relies heavily on a specialized supply chain, particularly semiconductor designers and foundries that produce high-bandwidth memory and GPU architectures required for model training. Unlike passive index funds, this ETF’s active management allows for tactical shifts in positioning as the competitive landscape between foundational model creators and application-layer developers evolves. Analyzing individual holdings through ValueRay can provide deeper insights into how these companies align with your specific investment criteria.

As a non-diversified fund, CHAT may maintain concentrated positions in a smaller number of issuers compared to broad market benchmarks. This structure reflects the current market reality where a limited group of hyperscale cloud providers and chip manufacturers command significant market share in the AI ecosystem.