Roundhill Magnificent Seven Covered Call ETF
Cboe: MAGY
Listed April 23, 2025
The Roundhill Magnificent Seven Covered Call ETF (MAGY) implements a covered call strategy on the Magnificent Seven stocks. The Fund offers exposure to the Magnificent Seven, subject to a cap, while providing the potential for current income. MAGY is an actively-managed ETF.
Why MAGY?
Weekly Distributions* - MAGY seeks to generate weekly income through a covered call strategy on the Roundhill Magnificent Seven ETF.
Precise Exposure - MAGY offers precise exposure to the Magnificent Seven, subject to a weekly cap.
Actively Managed - MAGY implements a covered call strategy, saving investors the time and expense of trading options themselves.
*The Fund currently expects, but does not guarantee, to make distributions on a weekly basis. These distributions may exceed the Funds income and gains for the Funds taxable year. Distributions in excess of the Funds current and accumulated earnings and profits will be treated as a return of capital. Distributions rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Please see the Supplemental Tax Information section of the webpage for more information on the distribution composition including the estimated return of capital.
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About Roundhill Investments
Roundhill Investments is a U.S.-based investment adviser focused on developing innovative exchange-traded products. The firm's product lineup currently accounts for more than $1 billion in assets under management. To learn more about the company, please visit roundhillinvestments.com.