Key stats
About Roundhill Daily 2X Long Magnificent Seven ETF
Home page
Inception date
Feb 29, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
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
US77926X7003
MAGX aims for bullish bets on the Roundhill Magnificent Seven ETF (MAGS) through swap agreements. The objective is to obtain daily inverse leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to adjust to MAGS's daily price movements. As a geared product, the fund is considered a short-term tactical tool rather than a long-term investment vehicle. Returns may deviate from the expected 2x multiple if held for longer than a single day due to compounding. This high-risk strategy does not include defensive positions in its overall process. The fund could potentially lose money over time, even if MAGS's performance weakens. MAGS's strategy targets a narrow portfolio of 5-10 stocks, publicly known as tech giants. The exposure attempts to capture the largest companies in the following industries: social media, e-commerce, consumer discretionary, cloud computing, tech hardware, and software.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
ETF
Cash
Bonds, Cash & Other100.00%
Government51.36%
ETF23.92%
Cash18.97%
Mutual fund5.75%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MAGX top holdings are United States Treasury Bills 0.0% 02-DEC-2025 and Roundhill Magnificent Seven ETF, occupying 51.36% and 23.92% of the portfolio correspondingly.
MAGX last dividends amounted to 0.01 USD. The year before, the issuer paid 0.39 USD in dividends, which shows a 3.99 K% decrease.
MAGX assets under management is 79.88 M USD. It's risen 14.35% over the last month.
MAGX fund flows account for 25.45 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MAGX pays dividends to its holders with the dividend yield of 0.70%. The last dividend (Dec 31, 2024) amounted to 0.40 USD. The dividends are paid annually.
MAGX shares are issued by Roundhill Financial, Inc. under the brand Roundhill. The ETF was launched on Feb 29, 2024, and its management style is Active.
MAGX expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
MAGX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MAGX invests in bonds.
MAGX price has risen by 1.37% over the last month, and its yearly performance shows a 29.89% increase. See more dynamics on MAGX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.11% over the last month, showed a 11.29% increase in three-month performance and has increased by 19.97% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.11% over the last month, showed a 11.29% increase in three-month performance and has increased by 19.97% in a year.
MAGX trades at a premium (0.18%) meaning the ETF is trading at a higher price than the calculated NAV.