MAGS, at the time of launch, is the first-ever FAAMG ETF in the US market space. The funds 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. On an annual basis, the adviser reviews the US tech universe to select the largest companies based on market cap, trading volume, and sector relevance. The holdings are equally weighted in the portfolio and rebalanced on a quarterly basis. As an actively managed fund, the funds adviser has full discretion in managing the portfolio. From time to time, 100% of the funds assets may be invested in US treasury securities, money market funds, and/or short-term bond ETFs. Holdings may include common stocks and ADRs, however the fund primarily gains exposure through the use of swaps and forward contracts. Prior to Nov. 9, 2023, the fund was called Roundhill BIG Tech ETF, trading under the ticker BIGT.