MAGQ Daily Inverse Magnificent Seven ETF

Capitalize on downturns with Roundhill's Daily Inverse Magnificent Seven ETF (MAGQ). Gain -1X daily inverse exposure to the Magnificent Seven basket comprimising Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.

Top Exposures

(as of 03/31/2024)

Apple logo
Microsoft logo
Alphabet logo
Amazon logo
Meta logo
NVidia Logo
Tesla Logo

Overview

The Roundhill Daily Inverse Magnificent Seven ETF (the “Fund”) seeks daily investment results, before fees and expenses, that correspond to the inverse (-1X) of the performance of the Roundhill Magnificent Seven ETF (the “Magnificent Seven ETF”). The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The return of the Fund for periods longer than a single day will be the result of its return for each day compounded over the period, which will very likely differ from -1X of the return of the Magnificent Seven ETF over the same period.

The Fund presents different risks than other types of funds. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily inverse (-1X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently.

About the Magnificent Seven

The “Magnificent Seven” is a commonly used market term to refer to the following seven technology companies: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.

* There is no guarantee the funds will achieve their stated investment objectives.

Fund Details

Ticker MAGQ
Primary Exchange Nasdaq
Expense Ratio 0.95%
AUM
Launch 02/29/24
ETF Options Yes
CUSIP 77926X809
ISIN US77926X8092
Shares Outstanding
Management Style Active

Exposures

Top Holdings

Name Weight
Name Weight

Weight calculation combines stock position with position held via total return swaps.

ETF holdings and allocations are subject to change at any time and should not be interpreted as an offer of these securities.

Performance

As of

As of TBD

 
Closing Price
Change ($)
Change (%)
1 Year (as of )
3 Year (as of )
5 Year (as of )
Since Inception (as of )
30-Day Median Bid/Ask Spread
 
Net Asset Value
Change ($)
Change (%)
30-Day Median Bid/Ask Spread

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. You cannot invest directly in an index. 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.

Distributions

Yields

As of 02/29/2024

30-Day SEC Yield*
Distribution Frequency Annual

*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 Calendar

Declaration Ex Date Record Date Pay Date

Distribution History

Declaration Ex Date Record Date Pay Date Amount Paid

Premium/Discount

FAQ

When did the Roundhill Daily Inverse Magnificent Seven ETF (NASDAQ: MAGQ) launch?

MAGQ began trading on February 29, 2024.

What are the fees for the Roundhill Daily Inverse Magnificent Seven ETF?

The Fund’s gross expense ratio is 0.95% per year.

Can I trade options on the Roundhill Daily Inverse Magnificent Seven ETF?

Yes, options trading is available for MAGQ.

Is the Roundhill Daily Inverse Magnificent Seven ETF actively managed?

Yes, MAGQ is actively managed and rebalances on a daily basis.

How does the Roundhill Daily Inverse Magnificent Seven ETF fit in a portfolio?

As an inverse ETF, MAGQ is designed as a short-term trading tool for sophisticated market participants. Please refer to the Fund’s regulatory documents, including the Fund Prospectus, before considering an investment in the Fund.

How does the Roundhill Daily Inverse Magnificent Seven ETF achieve its exposure?

MAGQ utilizes total return swaps tied to the Magnificent Seven to target -100% short exposure on a daily basis.

Can I lose more than I invested?

No, you cannot lose more than your original investment.

Does Roundhill offer any additional ETFs targeting the Magnificent Seven stocks?

Yes, Roundhill offers the Roundhill Magnificent Seven ETF (Nasdaq: MAGS), and the Roundhill Daily 2X Long Magnificent Seven ETF (Nasdaq: MAGX).

As a leveraged ETF, MAGX is designed as a trading tool for sophisticated traders and investors to manage their exposure to the Magnificent Seven.

What are some important considerations when trading the Roundhill Daily Inverse Magnificent Seven ETF?

The Roundhill Daily Inverse Magnificent Seven ETF is designed for active traders who have the ability to closely monitor their portfolios and make buy and sell decisions on a daily basis. Due to the nature of compounding, the Fund may lose value over time periods longer than a day even if the underlying asset decreases over the full period.

Top Exposures
Apple logo
Microsoft logo
Alphabet logo
Amazon logo
Meta logo
NVidia Logo
Tesla Logo

(as of 03/31/2024)

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