Seize the opportunity to be bullish with Roundhill’s Daily 2X Long Magnificent Seven ETF (MAGX). Dive into the Magnificent Seven with two times the daily exposure to a basket comprimising Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.
(as of 06/30/2024)
The Roundhill Daily 2X Long Magnificent Seven ETF (the “Fund”) seeks daily leveraged investment results, before fees and expenses, that correspond to two times (2X) 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. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund’s objective is to magnify the daily performance of the Magnificent Seven ETF. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from two times (2X) the Magnificent Seven ETF’s performance, before fees and expenses.
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 leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. Investors who do not understand the Fund, or do not intend to actively manage their funds and monitor their investments, should not buy the Fund.
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.
| Ticker | MAGX |
|---|---|
| Primary Exchange | Nasdaq |
| Gross Expense Ratio1 | 0.99% |
| Net Expense Ratio2 | 0.95% |
| AUM | |
| Launch | 02/29/24 |
| ETF Options | Yes |
|---|---|
| CUSIP | 77926X700 |
| ISIN | US77926X7003 |
| 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 MAGX are contractual and in effect until at least February 28, 2027.
As of
| 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.
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 (%) | |
| 1 Year (as of ) | |
| 3 Year (as of ) | |
| 5 Year (as of ) | |
| Since Inception (as of ) | |
| 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.
As of
| 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".
| Declaration | Ex Date | Record Date | Pay Date |
|---|
| Declaration | Ex Date | Record Date | Pay Date | Amount Paid |
|---|
When did the Roundhill Daily 2x Long Magnificent Seven ETF (NASDAQ: MAGX) launch?
MAGX began trading on February 29, 2024.
What are the fees for the Roundhill Daily 2x Long Magnificent Seven ETF?
The Fund’s gross expense ratio is 0.99% per year. The Fund’s net expense ratio is 0.95%.
Can I trade options on the Roundhill Daily 2x Long Magnificent Seven ETF?
Yes, options trading is available for MAGX.
Is the Roundhill Daily 2x Long Magnificent Seven ETF actively managed?
Yes, MAGX is actively managed and rebalances on a daily basis.
How does the Roundhill Daily 2x Long Magnificent Seven ETF fit in a portfolio?
As a leveraged ETF, MAGX 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 2x Long Magnificent Seven ETF achieve its exposure?
MAGX utilizes a combination of total return swaps and exchange-traded funds tied to the Magnificent Seven to target 200% long 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 Inverse Magnificent Seven ETF (Nasdaq: MAGQ).
As an inverse ETF, MAGQ 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 2X Long Magnificent Seven ETF?
The Roundhill Daily 2X Long 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 increases over the full period.
(as of 06/30/2024)
as of TBD