Roundhill Daily Inverse Magnificent Seven ETFRoundhill Daily Inverse Magnificent Seven ETFRoundhill Daily Inverse Magnificent Seven ETF

Roundhill Daily Inverse Magnificent Seven ETF

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Key stats


Assets under management (AUM)
‪987.50 K‬USD
Fund flows (1Y)
‪1.16 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
−2.2%

About Roundhill Daily Inverse Magnificent Seven ETF


Issuer
Roundhill Financial, Inc.
Brand
Roundhill
Expense ratio
0.95%
Inception date
Feb 29, 2024
Index tracked
No Underlying Index
Management style
Active
The security is being delisted. The last day of trading on an exchange is November 27, 2024. MAGQ aims for bearish bets on the Roundhill Magnificent Seven ETF (MAGS) through swap agreements. The objective is to obtain daily inverse leveraged exposure equivalent to -100% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to adjust to MAGS's daily price movements. As a geared product, the fund is considered a short-term tactical tool rather than a long-term investment vehicle. Returns may deviate from the expected -1x multiple if held for longer than a single day due to compounding. This high-risk strategy does not include defensive positions in its overall process. The fund could potentially lose money over time, even if MAGS's performance weakens. MAGS's strategy targets a narrow portfolio of 5-10 stocks, publicly known as tech giants. The exposure attempts to capture the largest companies in the following industries: social media, e-commerce, consumer discretionary, cloud computing, tech hardware, and software.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Big Tech
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 6, 2024
Exposure type
Bonds, Cash & Other
Government
Bonds, Cash & Other100.00%
Government103.39%
Mutual fund7.44%
Cash−10.83%
Stock breakdown by region
100%
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