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MAGYRoundhill Magnificent Seven Covered Call ETF

Get income1y track recordRanked #1,135 of 1,650 in this goal

Provides current income and exposure to the return of the Roundhill Magnificent Seven ETF.

By Roundhill Investments · Launched 2025

Annual Cost

0.99%

#5,121 of 5,853 · expensive

Fund Size

$131M

#2,744 of 5,853 · mid-size

Dividend YieldGoal

9.91%

Track Record

1 year

#4,256 of 5,853 · young

Performance

Total-return NAV · USD
Growth of $10,000
$9,914-0.9%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 3 holdings = 100.1% of fundconcentrated

Roundhill Magnificent Seven ET
101.1%
First American Government Obli
0.6%
N/A
-1.6%

Asset allocation

Stocks
112.7%
Other
5.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
16.9%Moderate

Year-on-year price swings

Max drawdown
-14.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Provides current income and exposure to the return of the Roundhill Magnificent Seven ETF.
Strategy
Utilizes a covered call strategy by purchasing shares of the Roundhill Magnificent Seven ETF and selling out-of-the-money call options on it to generate current income. Concentrates investments in the information technology sector.
Inception date
April 22, 2025
Fund family
Roundhill Investments

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-02