Roundhill Magnificent Seven Covered Call ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 3 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About MAGY
The Fund seeks to achieve itsinvestment objectives through a covered call strategy, pursuant to which the Fund purchases shares of the Roundhill Magnificent SevenETF (the “MAGS ETF”) and simultaneously sells out-of-the-money call options that utilize the MAGS ETF as the reference asset(“MAGS ETF Call Options”), providing for current income on a weekly basis. The MAGS ETF is an actively managed ETF that seeksto achieve its investment objectives through investment exposure to the companies comprising the “Magnificent Seven,” a groupof seven companies commonly recognized for their market dominance in technological innovation. As of March 31, 2026, the seven companiescomprising the Magnificent Seven were: Alphabet Inc., Amazon.com, Inc., Apple Inc., Meta Platforms, Inc., Microsoft Corporation, NVIDIACorporation, and Tesla Inc. On a quarterly basis, the MAGS ETF rebalances its exposure so that each company is equally-weighted in itsportfolio. The Fund will achieve its longexposure to the MAGS ETF by holding shares of the MAGS ETF. The Fund will also seek to generate income through the sale of MAGS ETF CallOptions, representing an equivalent notional value to the shares of the MAGS ETF held by the Fund. The Fund will invest at least 80% ofits net assets (plus any borrowings for investment purposes) in instruments that provide exposure to the “Magnificent Seven.”Such instruments include shares of the MAGS ETF and derivative instruments that utilize the MAGS ETF as the reference asset, such as MAGSETF Call Options. For purposes of compliance with this investment policy, derivative contracts will be valued at their notional value.The Fund’s sale of MAGS ETF Call Options to generate income will potentially limit the degree to which the Fund will participatein gains experienced by the MAGS ETF. The options contracts that theFund utilizes in implementing its investment strategy will be traditional exchange-traded options contracts and/or FLexible EXchange options(“FLEX Options”). The Fund will only invest in options contracts that are listed for trading on regulated U.S. exchanges.Traditional exchange-traded options have standardized terms, such as the type (call or put), the reference asset, the strike price andexpiration date. Exchange-listed options contracts are guaranteed for settlement by the Options Clearing Corporation (“OCC”).FLEX Options are a type of exchange-listed options contract with uniquely customizable terms that allow investors to customize key termslike type, strike price and expiration date that are standardized in a typical options contract. FLEX Options are also guaranteed forsettlement by the OCC. The Fund intends to invest predominately in “European” style FLEX Options. Such FLEX Options may becash or physically settled. An option is said to be “European Style” when it can be exercised only at expiration whereas an“American Style” option can be exercised at any time prior to expiration. In general, an option is a contractthat gives the purchaser (holder) of the option, in return for a premium, the right to buy from (call) or sell to (put) the seller (writer)of the option the security or currency underlying (in this case, shares of the MAGS ETF) the option at a specified exercise price. Forphysically settled options, the writer of an option has the obligation upon exercise of the option to deliver the underlying securityor currency upon payment of the exercise price (call) or to pay the exercise price upon delivery of the underlying security or currency(put). For cash settled options, the writer of an option has the obligation upon exercise of the option to deliver cash equivalent tothe difference between the strike price and the price of the underlying. As the primary means by whichthe Fund intends to generate income, the Fund will sell MAGS ETF Call Options at a strike price that is out-of-the-money. However, itis important to note that the sale of these call options to generate income will limit the Fund’s ability to participate in increasesin value of the MAGS ETF beyond a certain point. If the value of the MAGS ETF increases, the Fund’s MAGS ETF shares will cause theFund to experience similar percentage gains. However, if the value of the MAGS ETF appreciates in value beyond the strike price of oneor more of the MAGS ETF Call Options that the Fund has sold to generate income, the Fund will lose money on those short call positions,and the losses will, in turn, limit the upside return of the Fund’s long exposures. As a result, the Fund’s overall strategy(i.e., the combination of the Fund’s MAGS ETF shares and the sold MAGS ETF Call Options) will limit the Fund’s participationin gains of the MAGS ETF beyond a certain point. This strategy effectively converts a portion of the potential upside price return growthof the MAGS ETF into current income. It is expected that the MAGS ETF Call Options the Fund will sell to generate options premiums willgenerally have expirations of approximately one week or less and will be held to or close to expiration. The Fund intends to make weeklydistribution payments to shareholders. The Fund will concentrate itsinvestments (i.e., hold 25% or more of its total assets in the stocks of a particular industry or group of industries) in the industryor group of industries comprising the information technology sector. The Fund is classified as “non-diversified”under the Investment Company Act of 1940 (the “1940 Act”).
MAGY News
Data for MAGY is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.