Roundhill Sports Betting & iGaming ETF (BETZ US) – Portfolio Construction Methodology

The underlying Morningstar Sports Betting & iGaming Select Index targets focused exposure to companies involved in sports wagering and online casino-style gaming. The index is built from Morningstar’s global equity universe, retaining common shares and ADRs or GDRs of issuers whose primary activities are operating sportsbooks or iGaming platforms, supplying related software, data or trading technology, or providing essential infrastructure. Constituents must pass Morningstar investability screens for minimum free-float market cap, free float and trading liquidity and be listed on regulated exchanges. Morningstar assigns each eligible company a thematic exposure score based on revenue breakdowns and business descriptions and selects those with the highest scores so most index weight comes from pure-play operators. Securities are free-float market-cap weighted with concentration limits by stock and country to prevent overdominance by the largest franchises. The index is reconstituted and rebalanced on a regular schedule using updated fundamental and liquidity data.

To explore BETZ in more depth, visit our ETF analytics platform for institutional-grade insights — including performance and risk metrics, correlations, sensitivities, and factor exposure: https://www.etfstrategy.com/etf/BETZ_US