Roundhill’s CHAT ETF Secures Morningstar’s Top Five-Star Rating

Launched in May 2023, the actively managed fund tracks 25 to 50 global leaders across the entire AI stack. According to Dave Mazza, CEO of Roundhill Investments, the fund’s success stems from its ability to pivot as the sector evolved from foundational models to large-scale enterprise adoption. This strategic flexibility has translated into significant market returns, with CHAT delivering an annualized 45.97% over the three-year period ending August 31, 2026, soundly outpacing the Morningstar Technology category average of 26.93%.

Following this performance, the fund has reached approximately $1.8 billion in assets under management. Investor confidence remains high, evidenced by $325 million in year-to-date inflows and a liquid trading environment averaging over $850 million in monthly volume throughout 2026. While the five-star rating underscores its risk-adjusted results, the fund maintains a 0.75% expense ratio and continues to operate within the inherent volatility of the technology and AI sectors.