MAGY
Roundhill Magnificent Seven Covered Call ETF
📎 Investment Objective
The Roundhill Magnificent Seven Covered Call ETF (MAGY) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Magnificent Seven Covered Call Index.
Overview
ETF tracking Roundhill Magnificent Seven Covered Call ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Roundhill Magnificent Seven Covered Call ETF (MAGY) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Magnificent Seven Covered Call Index.
🎯 Investment Strategy
The fund employs a covered call strategy, writing (selling) call options on a portfolio of large-cap U.S. stocks. The goal is to generate income from the option premiums while maintaining exposure to the underlying stocks.
✨ Key Features
- Covered call strategy targeting large-cap U.S. equities
- Aims to generate income from option premiums
- Diversified portfolio of approximately 7 stocks
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Equity market risk - the value of the underlying stocks may decline
- Option writing risk - the fund could miss out on stock price appreciation if options are exercised
- Concentration risk - the fund is focused on a small number of stocks
- Limited performance history - the fund is new and lacks long-term track record
👤 Best For
This ETF may be suitable for investors seeking income generation and downside protection through a covered call strategy, while maintaining exposure to large-cap U.S. equities. However, the fund's limited history and concentrated portfolio make it a higher-risk investment, so it is best suited for investors with a higher risk tolerance.