ETF Evaluator: Roundhill Magnificent Seven Cov Cll ETF () Follow This ETF

Roundhill Magnificent Seven Cov Cll ETF Overview

Roundhill Magnificent Seven Cov Cll ETF (MAGY) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). Roundhill Investments launched the ETF in 2025.

The investment seeks to provide current income; the fund’s secondary investment objective is to provide exposure to the return of the Roundhill Magnificent Seven ETF. The manager seeks to achieve its investment objectives through a covered call strategy, pursuant to which the fund purchases shares of the Roundhill Magnificent Seven ETF (the “MAGS ETF”) and simultaneously sells out-of-the-money call options that utilize the MAGS ETF as the reference asset (“MAGS ETF Call Options”), providing for current income on a weekly basis. The fund is non-diversified.

About Roundhill Magnificent Seven Cov Cll ETF (MAGY)

There are 7 members of the management team with an average tenure of 1.27 years: William Hershey (2025), Andrew Serowik (2025), Timothy Maloney (2025), Gabriel Tan (2025), Todd Alberico (2025), Brian Cooper (2025) and David Mazza (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

Roundhill Magnificent Seven Cov Cll ETF has 5 securities in its portfolio. The top 10 holdings constitute 103.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Roundhill Magnificent Seven Cov Cll ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. Roundhill Magnificent Seven Cov Cll ETF has 0.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 116.0% There is 0.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Roundhill Magnificent Seven Cov Cll ETF has -11.4% of the portfolio in cash.

Assets Under Management

The fund has $119 million in total assets, which is below the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MAGY Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Roundhill Magnificent Seven Cov Cll ETF expense ratio is high compared to funds in the Derivative Income category. Roundhill Magnificent Seven Cov Cll ETF has an expense ratio of 0.99%, which is 19% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Roundhill Magnificent Seven Cov Cll ETF has a portfolio turnover rate of 20%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.

Recently, in the month of July 2026, Roundhill Magnificent Seven Cov Cll ETF returned 1.0%, which earned it a grade of B, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Roundhill Magnificent Seven Cov Cll ETF has a trailing yield of 11.63%, which is below the 19.96% category average. The fund normally distributes its income weekly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Roundhill Magnificent Seven Cov Cll ETF Grades

Year to date, the ETF has returned -6.4%, 9.0 percentage points worse than the category, which translates into a grade of D. The fund has returned -0.4% over the past year (grade of F).

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