ETF overview
The Roundhill Daily 2X Long Magnificent Seven ETF, or "the Fund," is engineered to achieve daily investment results that are twice (2X) the performance of the Roundhill Magnificent Seven ETF (the "Magnificent Seven ETF"), prior to accounting for fees and expenses. Critically, this objective is designed to be met only within a single trading day. As a result, the Fund presents a higher risk profile compared to non-leveraged alternatives, given its strategy to amplify daily market fluctuations. For holding periods extending beyond a single day, the Fund's overall returns will be determined by the cumulative effect of its daily compounded performance. It is highly probable that its performance over such extended intervals will diverge significantly from a straightforward two-fold return of the Magnificent Seven ETF's performance, even before factoring in expenses and charges.
Fund facts
- Leverage
- 2x daily
- Expense ratio
- 0.96%
- Fund assets
- 71.36M USD (all share classes)
- Issuer
- Roundhill Investments
- Inception date
- Feb 29, 2024
- Number of holdings
- 4
Holdings (4)
| Name | Ticker | Exposure |
|---|---|---|
| ROUNDHILL MAGNIFICENT SEVEN SWAP | 169.77% | |
| United States Treasury Bill 12/03/2026 | 912797VA2 | 49.54% |
| Roundhill Magnificent Seven ETF | MAGS | 29.20% |
| First American Government Obligations Fund 12/01/2031 | FGXXX | 8.91% |
This is a leveraged or inverse fund. Exposure is each position's value as a share of the fund's net assets, so swaps and futures can take it above 100% or below 0%. Cash held as collateral is not listed.
Historical returns do not guarantee future returns. This is not investment advice.
Roundhill Daily 2X Long Magnificent Seven ETF (MAGX)
- Leverage
- 2x daily
- Expense ratio
- 0.96%
- Fund assets
- 71.36M USD (all share classes)
- Issuer
- Roundhill Investments
- Inception date
- Feb 29, 2024
- Number of holdings
- 4
| Name | Ticker | Exposure |
|---|---|---|
| ROUNDHILL MAGNIFICENT SEVEN SWAP | 169.77% | |
| United States Treasury Bill 12/03/2026 | 912797VA2 | 49.54% |
| Roundhill Magnificent Seven ETF | MAGS | 29.20% |
| First American Government Obligations Fund 12/01/2031 | FGXXX | 8.91% |
This is a leveraged or inverse fund. Exposure is each position's value as a share of the fund's net assets, so swaps and futures can take it above 100% or below 0%. Cash held as collateral is not listed.
The Roundhill Daily 2X Long Magnificent Seven ETF, or "the Fund," is engineered to achieve daily investment results that are twice (2X) the performance of the Roundhill Magnificent Seven ETF (the "Magnificent Seven ETF"), prior to accounting for fees and expenses. Critically, this objective is designed to be met only within a single trading day. As a result, the Fund presents a higher risk profile compared to non-leveraged alternatives, given its strategy to amplify daily market fluctuations. For holding periods extending beyond a single day, the Fund's overall returns will be determined by the cumulative effect of its daily compounded performance. It is highly probable that its performance over such extended intervals will diverge significantly from a straightforward two-fold return of the Magnificent Seven ETF's performance, even before factoring in expenses and charges.
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