Key stats
About Roundhill China Dragons ETF
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Inception date
Oct 3, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Roundhill Financial, Inc.
Distributor
Foreside Fund Services LLC
ISIN
US77926X8746
DRAG focuses on Chinas economic drivers by investing in the countrys most prominent and innovative companies, known as China Dragons. Using a proprietary methodology, the adviser selects from an initial universe of the 100 largest Chinese firms, narrowed down based on market size, liquidity, and technological innovation. Holdings will comprise five to ten companies, equally weighted and rebalanced quarterly. The fund primarily gains exposure through ADRs or derivatives such as swap agreements and forward contracts on ADRs. Some ADRs may involve Variable Interest Entities, which offer indirect access to Chinese firms but come with specific regulatory risks. For compliance purposes, derivatives are valued at their notional amounts. Investments may also include US government securities or money market funds as collateral. The fund is concentrated in sectors like consumer discretionary, communication services, and information technology.
Related funds
Classification
What's in the fund
Exposure type
Retail Trade
Government
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MAGC assets under management is 33.38 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MAGC invests in bonds. See more details in our Analysis section.
MAGC expense ratio is 0.59%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MAGC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, MAGC pays dividends to its holders with the dividend yield of 0.76%.
MAGC shares are issued by Roundhill Financial, Inc.
MAGC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 3, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.