MAGX Daily 2X Long Magnificent Seven ETF

Seize the opportunity to be bullish with Roundhill’s Daily 2X Long Magnificent Seven ETF (MAGX). Dive into the tech world with two times the daily exposure to Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.

Top Exposures

(as of 02/29/2024)

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

Overview

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”). 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 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.

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 MAGX
Primary Exchange Nasdaq
Gross Expense Ratio1 0.99%
Net Expense Ratio2 0.95%
AUM $0.25MM
Launch 02/29/24
ETF Options No
CUSIP 77926X700
ISIN US77926X7003
Shares Outstanding 10,000
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.

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 02/29/2024

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: A standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent month end. This figure reflects the interest earned during the period after deducting the fund’s expenses for the period.

Distribution Calendar

Declaration Ex Date Record Date Pay Date
12/26/2024 12/27/2024 12/30/2024 12/31/2024

Distribution History

Declaration Ex Date Record Date Pay Date Amount Paid

Premium/Discount

FAQ

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?

No, options trading is not yet available for MAGX.

Is the Roundhill Daily 2x Long Magnificent Seven ETF actively managed?

Yes, MAGX is actively managed and resets its leverage factor 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.

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

(as of 02/29/2024)

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