Overview
The Roundhill Magnificent Seven ETF offers equal weight exposure to the “Magnificent Seven” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. MAGS is the first-ever ETF to track the Magnificent Seven.
Why MAGS?
Precise - MAGS offers pure exposure to the Magnificent Seven.
Efficient - Designed with both investors and traders in mind, MAGS seeks to offer similar tax efficiency to a traditionally managed ETF.
Simple - MAGS is rebalanced to equal weight on a quarterly basis, ensuring consistent exposure to the Magnificent Seven in a single ticker.
Fund Details
| Ticker | MAGS |
|---|---|
| Primary Exchange | Nasdaq |
| Expense Ratio | 0.29% |
| AUM | |
| Launch | 04/11/23 |
| ETF Options | Yes |
|---|---|
| CUSIP | 53656G498 |
| ISIN | US53656G4982 |
| Shares Outstanding | |
| Management Style | Active |
Exposures
Top Holdings
As of TBD
| 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 TBD
- Market Price
- NAV
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.
Distributions
| 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 |
|---|---|---|---|---|
| 12/26/2023 | 12/27/2023 | 12/28/2023 | 12/29/2023 | $0.145926 |
Fund Documents
Premium/Discount
FAQ
When did the Roundhill Magnificent Seven ETF (Nasdaq: MAGS) launch?
MAGS began trading on April 11, 2023 as the Roundhill BIG Tech ETF. The Fund’s name changed on November 9, 2023 to the Roundhill Magnificent Seven ETF.
What is the ticker symbol for the Roundhill Magnificent Seven ETF?
The Roundhill Magnificent Seven ETF trades on the Nasdaq under the ticker symbol ‘MAGS’. The Fund previously traded under the symbol ‘BIGT’ until November 9, 2023.
What are the fees for the Roundhill Magnificent Seven ETF?
The Fund’s gross expense ratio is 0.29% per year.
Can I trade options on the Roundhill Magnificent Seven ETF?
Yes, options trading is available for MAGS.
Is the Roundhill Magnificent Seven ETF actively managed?
Yes. However, the Fund’s turnover is generally expected to be limited to quarterly rebalancing.
Why does the Roundhill Magnificent Seven ETF invest in total return swaps?
The Fund utilizes total return swaps in order to maintain compliance with RIC diversification tests. The Fund intends to qualify as a Regulated Investment Company for tax purposes.
What are the Magnificent Seven stocks?
The Magnificent Seven stocks are the stock market’s current leaders in driving technological innovation: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.
Top Exposures
(as of 12/31/2023)
Effective upon the open of trading on November 9, 2023, the Fund’s ticker symbol changed from “BIGT” to “MAGS” and the Fund’s name was changed from the Roundhill BIG Tech ETF to the Roundhill Magnificent Seven ETF.
