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.
Related funds
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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.
MAGY trades at 56.06 USD today, its price has risen 0.04% in the past 24 hours. Track more dynamics on MAGY price chart.
MAGY net asset value is 56.82 today — it's risen 3.65% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MAGY assets under management is 106.88 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.
MAGY fund flows account for 106.08 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.
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.
MAGY invests in funds. See more details in our Analysis section.
MAGY expense ratio is 0.99%. 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, MAGY 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, MAGY pays dividends to its holders with the dividend yield of 12.79%.
MAGY trades at a premium (0.11%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MAGY shares are issued by Roundhill Financial, Inc.
MAGY 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 Apr 23, 2025.
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.