MAGS
Roundhill Magnificent Seven ETF
📎 Investment Objective
The Roundhill Magnificent Seven ETF (MAGS) seeks to provide exposure to a basket of seven large-cap technology and internet-related companies that are considered leaders in their respective industries.
Overview
ETF tracking Roundhill Magnificent Seven ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Roundhill Magnificent Seven ETF (MAGS) seeks to provide exposure to a basket of seven large-cap technology and internet-related companies that are considered leaders in their respective industries.
🎯 Investment Strategy
The ETF tracks the Roundhill Magnificent Seven Index, which is composed of the seven largest publicly traded companies in the technology and internet sectors. The index is weighted by market capitalization, with each company's weight capped at 20% to provide diversification.
✨ Key Features
- Provides exposure to a concentrated portfolio of large-cap tech and internet leaders
- Weighted by market capitalization with individual stock caps for diversification
- Low expense ratio of 0.00%
- Relatively new ETF with limited performance history
⚠️ Primary Risks
- Concentration risk as the fund holds a limited number of stocks
- Susceptibility to volatility in the technology and internet sectors
- Lack of long-term performance history to evaluate
- Potential liquidity issues due to small asset size
👤 Best For
The Roundhill Magnificent Seven ETF may be suitable for investors seeking targeted exposure to a basket of large-cap technology and internet companies, as part of a diversified portfolio. However, the fund's concentrated nature and limited track record make it more appropriate for experienced investors with a higher risk tolerance.