Key stats
About Roundhill Magnificent Seven ETF
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Inception date
Apr 11, 2023
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Roundhill Financial, Inc.
Distributor
Foreside Fund Services LLC
MAGS, at the time of launch, is the first-ever FAAMG ETF in the US market space. The fund targets a narrow portfolio of 5-10 stocks publicly known as tech giants, aiming to capture the largest companies in social media, e-commerce, consumer discretionary, cloud computing, tech hardware, and software. On an annual basis, the adviser reviews the US tech universe to select the largest companies based on market cap, trading volume, and sector relevance. Holdings are equally weighted in the portfolio and rebalanced quarterly. As an actively managed fund, the adviser has full discretion in managing the portfolio. From time to time, 100% of the funds assets may be invested in US treasury securities, money market funds, and/or short-term bond ETFs. Holdings may include common stocks and ADRs, though the fund primarily gains exposure through the use of swaps and forward contracts. Prior to Nov. 9, 2023, the fund was called Roundhill BIG Tech ETF, trading under the ticker BIGT.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Government
Stocks39.21%
Technology Services16.92%
Electronic Technology10.64%
Consumer Durables6.39%
Retail Trade5.26%
Bonds, Cash & Other60.79%
Government53.11%
Mutual fund5.83%
Cash1.84%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MAGS last dividends amounted to 0.01 USD. The year before, the issuer paid 0.43 USD in dividends, which shows a 3.07 K% decrease.
MAGS assets under management is 2.24 B USD. It's risen 30.66% over the last month.
MAGS fund flows account for 1.82 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MAGS pays dividends to its holders with the dividend yield of 0.00%. The last dividend (Dec 31, 2024) amounted to 0.44 USD. The dividends are paid annually.
MAGS shares are issued by Roundhill Financial, Inc. under the brand Roundhill. The ETF was launched on Apr 11, 2023, and its management style is Active.
MAGS expense ratio is 0.29% meaning you'd have to pay 0.29% of your investment to help manage the fund.
MAGS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MAGS invests in bonds.
MAGS price has risen by 24.59% over the last month, and its yearly performance shows a 25.53% increase. See more dynamics on MAGS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 22.34% over the last month, showed a −5.92% decrease in three-month performance and has increased by 28.69% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 22.34% over the last month, showed a −5.92% decrease in three-month performance and has increased by 28.69% in a year.
MAGS trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.