Key stats
About Roundhill Magnificent Seven Covered Call ETF
Home page
Inception date
Apr 23, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
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
US77926X6682
MAGY targets weekly income and exposure to the return of MAGS, an ETF investing in the Magnificent Seven comprised of mega-cap technology companies. The actively managed fund invests at least 80% of its assets in instruments that provide exposure to the Magnificent Seven including ETF shares and derivatives. The fund achieves long exposure by purchasing and holding MAGS shares. Through the covered call strategy, the fund sells out-of-the-money standardized exchange-traded and FLEX options with equivalent notional value as MAGS, which are held to or close to expiration of about one week or less. This funds strategy converts a portion of the potential upside of MAGS into current income. However, this also limits participation in potential gains when its value increases. The fund utilizes standardized exchange-traded and FLEX options.
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
ETF
Bonds, Cash & Other100.00%
ETF101.40%
Mutual fund0.50%
Cash−0.01%
Rights & Warrants−1.89%
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
MAGY invests in funds. The fund's major sectors are ETF, with 101.40% stocks, and Mutual fund, with 0.50% of the basket. The assets are mostly located in the North America region.
MAGY last dividends amounted to 0.38 USD. The week before, the issuer paid 0.38 USD in dividends, which shows a 0.97% increase.
MAGY assets under management is 99.49 M USD. It's risen 83.71% over the last month.
MAGY fund flows account for 102.09 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, MAGY pays dividends to its holders with the dividend yield of 12.01%. The last dividend (Sep 22, 2025) amounted to 0.38 USD. The dividends are paid weekly.
MAGY shares are issued by Roundhill Financial, Inc. under the brand Roundhill. The ETF was launched on Apr 23, 2025, and its management style is Active.
MAGY expense ratio is 0.99% meaning you'd have to pay 0.99% of your investment to help manage the fund.
MAGY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MAGY invests in funds.
MAGY trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.