Target weekly income from the top seven tech stocks with Roundhill's Magnificent Seven Covered Call ETF (MAGY). Covered call strategy with focused exposure to the Magnificent Seven stocks, tech leaders shaping the future.
**Distribution Rate:
*30-Day SEC Yield:
(as of )
The Fund currently expects, but does not guarantee, to make distributions on a weekly basis. These distributions may exceed the Fund’s income and gains for the Fund’s taxable year. Distributions in excess of the Fund’s current and accumulated earnings and profits will be treated as a return of capital. Distributions rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Please see the Supplemental Tax Information section of the webpage for more information on the distribution composition including the estimated return of capital.
The Roundhill Magnificent Seven Covered Call ETF (“MAGY”) implements a covered call strategy on the “Magnificent Seven” stocks. The Fund offers exposure to the Magnificent Seven, subject to a cap, while providing the potential for current income. MAGY is an actively-managed ETF.
Weekly Distributions1 - MAGY seeks to generate weekly income through a covered call strategy on the Roundhill Magnificent Seven ETF.
Precise Exposure - MAGY offers precise exposure to the Magnificent Seven, subject to a weekly cap.
Actively Managed - MAGY implements a covered call strategy, saving investors the time and expense of trading options themselves.
1The Fund currently expects, but does not guarantee, to make distributions on a weekly basis. These distributions may exceed the Fund’s income and gains for the Fund’s taxable year. Distributions in excess of the Fund’s current and accumulated earnings and profits will be treated as a return of capital. Distributions rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Please see the Supplemental Tax Information section of the webpage for more information on the distribution composition including the estimated return of capital.
| Ticker | MAGY |
|---|---|
| Primary Exchange | Cboe BZX |
| Gross Expense Ratio1 | 1.28% |
| Net Expense Ratio2 | 0.99% |
| AUM | |
| Launch | 04/23/25 |
| ETF Options | No |
|---|---|
| CUSIP | 77926X668 |
| ISIN | US77926X6682 |
| Shares Outstanding | |
| Management Style | Active |
1Reflects fees incurred by the Fund before waivers and reimbursements, including but not limited to management fees, 12b-1 fees, and acquired fund fees and expenses.
2Reflects fees incurred by the Fund after waivers and reimbursements -- fee waivers for MAGY are contractual and in effect until at least April 30, 2028.
As of 04/23/2025
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ETF holdings and allocations are subject to change at any time and should not be interpreted as an offer of these securities.
As of 04/23/2025
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The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. For the most recent month-end performance, please call (855) 561-5728. Shares are bought and sold at market price (closing price), not net asset value (NAV), and are individually redeemed from the Fund. Market performance is determined using the Primary Exchange official closing price. Brokerage commissions will reduce returns.
As of 04/23/2025
| 30-Day SEC Yield* | |
|---|---|
| Distribution Rate** | |
| Distribution Frequency | Weekly |
*30-Day SEC Yield: Yield calculation that reflects the dividends and interest earned during the period after the deduction of the fund’s expenses. It is also referred to as the "standardized yield".
**Distribution Rate: The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV.
The Fund currently expects, but does not guarantee, to make distributions on a weekly basis. These distributions may exceed the Fund’s income and gains for the Fund’s taxable year. Distributions in excess of the Fund’s current and accumulated earnings and profits will be treated as a return of capital. Distributions rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Please see the Supplemental Tax Information section of the webpage for more information on the distribution composition including the estimated return of capital.
Per the Fund’s most recent 19a-1 notice, the estimated per share composition of the distribution includes return of capital (ROC) of 100%.
A final determination of the tax character of distributions paid by the Funds will not be known until the completion of the Funds’ fiscal year and there can be no assurance as to the portions of each Fund’s distributions that will constitute return of capital and/or dividend income. The final determination of the tax character of distributions paid by the Funds will be reported to shareholders on their Form 1099-DIV.
Please consult your tax advisor for proper treatment on your tax return.
| Declaration | Ex Date | Record Date | Pay Date | |
|---|---|---|---|---|
When did the Roundhill Magnificent Seven Covered Call ETF (Cboe BZX: MAGY) launch?
MAGY began trading on April 23, 2025.
What are the fees for the Roundhill Magnificent Seven Covered Call ETF?
The Fund’s gross expense ratio is 1.28% per year. The Fund’s net expense ratio is 0.99% per year.
Can I trade options on the Roundhill Magnificent Seven Covered Call ETF?
No, options trading is not yet available for MAGY.
Is the Roundhill Magnificent Seven Covered Call ETF actively managed?
Yes, MAGY is actively managed.
How often does MAGY generate income?
MAGY seeks to generate income weekly by selling call options and pays weekly distributions to shareholders.
What types of options does MAGY use?
MAGY sells call options on the Roundhill Magnificent Seven ETF (MAGS ETF) to potentially generate income. In order to achieve its long exposure, MAGY owns shares of the MAGS ETF.
What is a covered call strategy?
A covered call strategy involves holding a long position in an asset while selling call options on the same asset. The strategy aims to generate additional income from the option premiums, but limits the upside potential if the asset's price increases above the strike price.
What are the Magnificent Seven stocks?
The Magnificent Seven stocks are the current stock market leaders in driving technological innovation: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.
Does Roundhill offer any additional ETFs targeting the Magnificent Seven stocks?
Yes, Roundhill offers the Roundhill Magnificent Seven ETF (Cboe BZX: MAGS) and the Roundhill Daily 2X Long Magnificent Seven ETF (Cboe BZX: MAGX).
(as of 04/23/2025)
**Distribution Rate:
*30-Day SEC Yield:
The Fund currently expects, but does not guarantee, to make distributions on a weekly basis. These distributions may exceed the Fund’s income and gains for the Fund’s taxable year. Distributions in excess of the Fund’s current and accumulated earnings and profits will be treated as a return of capital. Distributions rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Please see the Supplemental Tax Information section of the webpage for more information on the distribution composition including the estimated return of capital.
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