ROUNDHILL INVESTMENTS

NERD The & Digital Entertainment ETF

INVESTOR PRESENTATION JUNE 2021 ROUNDHILL INVESTMENTS Disclaimer

Investors should consider the investment objectives, risk, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the NERD ETF please call 1-877-220-7649 or visit the website at roundhillinvestments.com/etf/nerd. Read the prospectus or summary prospectus carefully before investing.

Investing involves risk, including possible loss of principal. Esports gaming companies face intense competition, both domestically and internationally, may have products that face rapid obsolescence, and are heavily dependent on the protection of patent and intellectual property rights. Such factors may adversely affect the profitability and value of video gaming companies. Investments made in small and mid-capitalization companies may be more volatile and less liquid due to limited resources or product lines and more sensitive to economic factors. Fund investments will be concentrated in an industry or group of industries, and the value of Fund shares may risk and fall more than diversified funds. Foreign investing involves social and political instability, market illiquidity, exchangerate fluctuation, high volatility and limited regulation risks. Emerging markets involve different and greater risks, as they are smaller, less liquid and more volatile than more developed countries. Depository Receipts involve risks similar to those associated investments in foreign securities, but may not provide a return that corresponds precisely with that of the underlying shares. Please see the prospectus for details of these and other risks. Roundhill Financial Inc. serves as the investment advisor. The Funds are distributed by Foreside Fund Services, LLC which is not affiliated with Roundhill Financial Inc., U.S. Bank, or any of their affiliates. TABLE OF CONTENTS

Esports & Digital Entertainment Explained Market Opportunity: Audience Expansion Gaming Growth Viewership Esports vs. Sports NERD Case Studies: Razer Inc DouYu Sea Limited ETF Characteristics Top Holdings & Exposures ETF Performance

02 ROUNDHILL INVESTMENTS Esports & Digital Entertainment Explained

Esports, “electronic sports”, is the growing business of playing video games competitively in front of a live or online viewing audience.

The Esports & Digital Entertainment categorization includes: Game Publishers Media Companies Streaming Services Hardware Developers And more!

This market is expected to grow significantly as esports becomes one of the largest entertainment sectors in the world. Market Opportunity: Audience Expansion

Esports viewership is expected to grow to 646 million by 2023. This represents a 10.3% CAGR from 2018-2023.

Esports Audience Growth

750M

500M

Occasional Viewer

250M Esports Enthusiasts

0M 2018 2019 2020* 2023*

Source: NewZoo as of October 2020 = Estimates by NewZoo as of October 2020 Market Opportunity: Games Growth

The global games market is expected to grow to $200 billion by 2023.

Global Games Market Forecast

$250B

$200B

$150B

$100B

$50B

$0B 2018 2019 2020* 2023*

Source: NewZoo as of October 2020 = Estimates by NewZoo as of October 2020 Market Opportunity: Viewership

More people watch gaming than HBO + Netflix + ESPN + combined.

Source: PC Gamer as of April 2017 Market Opportunity: Esports vs Sports

Esports viewership is competing with traditional U.S. sports leagues.

Finals Peak Viewership

125M

100M

75M

50M

25M

0M NFL '20 LoL '19 MLB '19 NBA '20

Data based on reports by Nexus as of 2019 for LoL, Fox as of 2019 for NFL, Fox Sports for MLB as of 2019, Republic World / Sports Pro for NBA as 2020 As of 06/30/2021 Case Study: Razer

NERD ETF Exposure: 3.4%

Company Details Notable Brands

Ticker: 1337 HK Gaming Peripherals Country: Singapore Gaming Laptops Thematic Relevance: Hardware Razer Synapse (IoT Platform) Market Capitalization: $2.4 Billion Team Razer

Key Highlight Key Statistic

Razer plans to leverage its young and For the first half of 2020, Razer achieved #1 engaged gaming audience into additional market share in the US for gaming verticals like fintech. In January 2020, the peripherals and premium gaming laptops company applied for a digital banking (priced above $1,800). license in Singapore.

This example was chosen because Razer is a leader in gaming peripherals. As of 06/30/2021 Case Study: Modern Times Group

NERD ETF Exposure: 5.1%

Company Details Notable Brands

Ticker: MTGB SS ESL Country: Sweden DreamHack Thematic Relevance: Media InnoGames Market Capitalization: $1.5 Billion Kongregate

Key Highlight Key Statistic

In September 2020, MTG combined its two ESL is the world's largest esports esport portfolio companies, ESL and company. The company operates high DreamHack. The company believes this will profile international leagues and improve organization and operations, tournaments. In total, ESL events attract creating significant shareholder value. hundreds of millions of viewers each year.

This example was chosen because MTG is a leader in esports events. As of 06/30/2021 Case Study: Huya

NERD ETF Exposure: 5.5%

Company Details Notable Brands

Ticker: HUYA Country: China Chengdu Hunters Thematic Relevance: Media Nimo TV Market Capitalization: $4.2 Billion Royal Never Give Up

Key Highlight Key Statistic

In October 2020, Huya and its sister company As of August 2020, Huya Live averaged 168.5 Douyu agreed to merge. The combined entity million monthly active users, including will control the large majority of the 75.6 million on mobile. Of these, 6.2 million Chinese game market. were paid users.

This example was chosen because Huya is a leader in livestreaming. ETF Characteristics: NERD

Characteristics Thematic Breakdown

NERD Broad-Based Ticker: 8.5% Expense Ratio: 0.50% Launch Date: June 4th, 2019 Rebalance: Quarterly Hardware Games AUM: $99MM 24.1% 41.4% Shares Outstanding: 3,125,000 Number of Holdings: 33 ETF Options: Yes 20 Day ADV: $0.6MM

Media 26%

As of 06/30/2021. Information is subject to change and is not a guarantee of future results. ETF Exposures: NERD

Country Exposure Market Capitalization Exposure

Other Small Cap (<$1B) 9.7% 11.4% France 4.2% United States Taiwan 28.2% 4.4%

Singapore 6.8%

Large Cap (>$5B) Sweden Mid Cap ($1-5B) 55% 7.4% 33.6%

South Korea 8.3% China 22.1% Japan 8.9%

As of 06/30/2021. Information is subject to change and is not a guarantee of future results. ETF Top Holdings: NERD

Huya MTG Activision Corsair

Weight: 5.5% Weight: 5.1% Weight: 5.1% Weight: 5.0% Weight: 4.8% Ticker: HUYA Ticker: 700 HK Ticker: MTGB SS Ticker: ATVI Ticker: CRSR

DouYu AfreecaTV Skillz NetEase

Weight: 4.3% Weight: 3.9% Weight: 3.8% Weight: 3.7% Weight: 3.5% Ticker: DOYU Ticker: 067160 KS Ticker: SKLZ Ticker: BILI Ticker: NTES

As of 06/30/2021. Information is subject to change and is not a guarantee of future results. ETF Performance: NERD

NERD Growth of $10,000 Chart Since Inception

The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. For the most recent month-end performance, please call (855) 561-5728. You cannot invest directly in an index. Shares are bought and sold at market price (closing price), not net asset value (NAV), and are individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time when the NAV is typically calculated. Brokerage commissions will reduce returns. NERD Roundhill Esports & Digital Entertainment ETF

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