Roundhill Alerian LNG ETF
LNGG
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- Roundhill Alerian LNG ETF (LNGG) is an exchange-traded fund that seeks to track the performance, before fees and expenses, of the Alerian Liquefied Natural Gas Index. The fund invests at least 80% of its net assets in securities comprising the index or instruments with similar economic characteristics, including American Depositary Receipts; the index consists of common stocks of domestic and international companies principally engaged in the liquefied natural gas (LNG) industry across developed and emerging markets, focusing on segments such as liquefaction facilities and services; LNG carriers for transportation; regasification facilities and services; and diversified LNG activities along the LNG value chain, with eligible constituents required to meet minimum float-adjusted market capitalization, free float, and trading volume thresholds, weighted by revenue-adjusted float market capitalization subject to concentration caps. Launched on September 22, 2023, and listed on NYSE Arca, Inc., the fund targets investors seeking exposure to the global LNG market, including holdings like Cheniere Energy, Inc., Tellurian, Inc., TotalEnergies SE ADR, and Woodside Energy Group Ltd. ADR as of recent portfolio data, with operations spanning U.S. and international energy producers concentrated in the oil and gas sector. In a major strategic change announced on November 6, 2024, Roundhill Investments, the fund's adviser, elected to close and liquidate LNGG along with select other ETFs; trading in shares ceased following market close on November 27, 2024, with portfolio liquidation beginning around that period and final cash distributions to remaining shareholders on or about November 29, 2024 (the Liquidation Date), after which the fund deviated from its investment objective during wind-down; Roundhill bore all associated costs except brokerage fees. The ETF, managed by sub-adviser Exchange Traded Concepts, LLC, with portfolio managers Andrew Serowik, Todd Alberico, Gabriel Tan, and Brian Cooper since inception, featured an expense ratio of 0.65% and a non-diversified structure under the Investment Company Act of 1940. Headquartered in New York and founded in 2018, Roundhill Investments specializes in innovative ETFs providing thematic equity and options-based exposures.