What this ETF is trying to do

The Roundhill Neocloud ETF (ticker symbol: NCLD) is an investment fund that trades on the NASDAQ exchange. This specific fund is categorized as an "option income" ETF. This means the fund uses special financial tools called options to try and create income.

What the numbers show

As of September 25, 2026, the current price for one share of NCLD is $24.45.

When looking at how an ETF has performed over time, investors usually look at "price returns" (how much the share price changed) and "total returns" (which include any cash paid out). For this ETF, the data for year-to-date, one-year, and three-year returns was not supplied. Because there is not enough verified history for the price, a specific erosion-risk score was not provided.

Income and distribution explanation

Some investors buy ETFs because they want to receive regular cash payments, which are called distributions. The "distribution yield" tells you how much cash an ETF pays out compared to its share price.

For NCLD, no distributions have been detected in the last 12 months. The distribution yield is currently 0%. Even though this is an "option income" ETF, it is not currently paying out cash to investors.

NAV erosion explanation

It is important to understand a concept called "NAV erosion." NAV stands for Net Asset Value, which is the total value of all the assets held inside the ETF. If the NAV erodes, it means the value of those underlying assets is shrinking.

A falling share price is not the same thing as NAV erosion, but they can be related. For NCLD, there is no "severe erosion-risk flag" active. However, because there is not enough historical price data available, we cannot provide a specific erosion-risk score to measure this.

Top Holdings

The fund holds 24 different assets. The following is a partial list of the largest holdings in the portfolio:

• Nebius Group N.V. Swap NM: 12.31%

• Nebius Group N.V.-Swap-Gold-L: 11.18%

• Nebius Group NV SHS Class-A: 10.98%

• CoreWeave Inc. Swap NM: 9.21%

• CoreWeave Inc.-Swap-Gold-L: 8.86%

• CoreWeave Inc Ordinary Shares Class A: 8.45%

• IREN Ltd: 7.88%

• HUT 8 Corp: 5.29%

• First American Government Obligs X: 4.80%

• Galaxy Digital Inc Ordinary Shares Class A: 4.40%

Please remember that holdings can change over time.

Pros and Cons

Pros

• The fund provides exposure to a variety of different companies through its top holdings.

Cons

• There is no supplied data showing how the price has performed in the past year or three years.

• The fund currently does not pay a distribution yield.

Beginner takeaway

NCLD is an option income ETF with a current share price of $24.45. Because there is very little historical data available in this report, it is difficult to see how the fund has performed in the past or what its specific erosion-risk level might be.