Roundhill Investments Launches Magnificent Seven Covered Call ETF (MAGY)
Roundhill Investments has launched the Magnificent Seven Covered Call ETF (MAGY) on Cboe BZX, expanding their Magnificent Seven ETF lineup which currently manages over $1.7 billion in AUM. The new ETF implements a covered call strategy by purchasing shares of the Roundhill Magnificent Seven ETF (MAGS) and writing calls against its holdings.
MAGY aims to provide weekly income while offering exposure to the Magnificent Seven stocks, which represent approximately 29% of the S&P 500. The launch complements Roundhill's existing products:
- MAGS: Equal-weight exposure for growth-focused investors
- MAGX: 2x daily leveraged exposure for traders
- MAGY: Weekly distributions for income-oriented investors
CEO Dave Mazza noted that while the Magnificent Seven stocks represent global tech leadership, they have recently faced market headwinds. MAGY is designed to offer participation in these companies while reducing volatility and generating weekly option premium income.
Roundhill Investments ha lanciato il Magnificent Seven Covered Call ETF (MAGY) su Cboe BZX, ampliando la gamma dei Magnificent Seven ETF che attualmente gestisce oltre 1,7 miliardi di dollari in AUM. Il nuovo ETF applica una strategia covered call acquistando azioni del Roundhill Magnificent Seven ETF (MAGS) e scrivendo opzioni call sulle sue partecipazioni.
MAGY mira a fornire un reddito settimanale offrendo al contempo esposizione ai titoli Magnificent Seven, che rappresentano circa il 29% dell'S&P 500. Il lancio completa i prodotti esistenti di Roundhill:
- MAGS: esposizione a peso uguale per investitori orientati alla crescita
- MAGX: esposizione con leva 2x giornaliera per trader
- MAGY: distribuzioni settimanali per investitori focalizzati sul reddito
Il CEO Dave Mazza ha sottolineato che, sebbene i titoli Magnificent Seven rappresentino la leadership tecnologica globale, recentemente hanno incontrato difficoltà di mercato. MAGY è progettato per offrire partecipazione in queste società riducendo la volatilità e generando un reddito settimanale tramite premi da opzioni.
Roundhill Investments ha lanzado el Magnificent Seven Covered Call ETF (MAGY) en Cboe BZX, ampliando su línea de ETFs Magnificent Seven que actualmente gestionan más de 1.7 mil millones de dólares en activos bajo gestión (AUM). El nuevo ETF implementa una estrategia de covered call comprando acciones del Roundhill Magnificent Seven ETF (MAGS) y vendiendo opciones call sobre sus participaciones.
MAGY busca proporcionar ingresos semanales mientras ofrece exposición a las acciones de Magnificent Seven, que representan aproximadamente el 29% del S&P 500. Este lanzamiento complementa los productos existentes de Roundhill:
- MAGS: exposición con peso igual para inversores enfocados en crecimiento
- MAGX: exposición apalancada diaria 2x para traders
- MAGY: distribuciones semanales para inversores orientados a ingresos
El CEO Dave Mazza señaló que, aunque las acciones de Magnificent Seven representan el liderazgo tecnológico global, recientemente han enfrentado dificultades en el mercado. MAGY está diseñado para ofrecer participación en estas compañías reduciendo la volatilidad y generando ingresos semanales por primas de opciones.
Roundhill Investments가 Cboe BZX에 Magnificent Seven Covered Call ETF (MAGY)를 출시하며, 현재 17억 달러 이상의 운용자산(AUM)을 관리 중인 Magnificent Seven ETF 라인업을 확장했습니다. 이 신규 ETF는 Roundhill Magnificent Seven ETF (MAGS) 주식을 매수하고 그 보유 주식에 대해 콜옵션을 매도하는 커버드 콜 전략을 채택합니다.
MAGY는 S&P 500의 약 29%를 차지하는 Magnificent Seven 주식에 노출되면서 주간 소득을 제공하는 것을 목표로 합니다. 이번 출시는 Roundhill의 기존 상품을 보완합니다:
- MAGS: 성장 지향 투자자를 위한 동일 가중 노출
- MAGX: 트레이더를 위한 일일 2배 레버리지 노출
- MAGY: 소득 지향 투자자를 위한 주간 배당
CEO 데이브 마자(Dave Mazza)는 Magnificent Seven 주식이 글로벌 기술 리더십을 대표하지만 최근 시장의 역풍을 맞았다고 언급했습니다. MAGY는 변동성을 줄이고 주간 옵션 프리미엄 수익을 창출하면서 이 기업들에 참여할 수 있도록 설계되었습니다.
Roundhill Investments a lancé le Magnificent Seven Covered Call ETF (MAGY) sur Cboe BZX, étendant ainsi sa gamme de ETFs Magnificent Seven qui gère actuellement plus de 1,7 milliard de dollars d’actifs sous gestion (AUM). Ce nouvel ETF met en œuvre une stratégie de covered call en achetant des actions du Roundhill Magnificent Seven ETF (MAGS) et en vendant des calls sur ses positions.
MAGY vise à fournir un revenu hebdomadaire tout en offrant une exposition aux actions Magnificent Seven, qui représentent environ 29 % du S&P 500. Ce lancement complète les produits existants de Roundhill :
- MAGS : exposition à poids égal pour les investisseurs axés sur la croissance
- MAGX : exposition à effet de levier 2x quotidien pour les traders
- MAGY : distributions hebdomadaires pour les investisseurs orientés revenus
Le PDG Dave Mazza a souligné que, bien que les actions Magnificent Seven incarnent le leadership technologique mondial, elles ont récemment rencontré des vents contraires sur le marché. MAGY est conçu pour permettre une participation à ces entreprises tout en réduisant la volatilité et en générant un revenu hebdomadaire grâce aux primes d’options.
Roundhill Investments hat den Magnificent Seven Covered Call ETF (MAGY) an der Cboe BZX aufgelegt und erweitert damit seine Magnificent Seven ETF-Reihe, die derzeit über 1,7 Milliarden US-Dollar an verwaltetem Vermögen (AUM) verwaltet. Der neue ETF verfolgt eine Covered-Call-Strategie, indem er Anteile des Roundhill Magnificent Seven ETF (MAGS) kauft und Call-Optionen auf dessen Bestände schreibt.
MAGY zielt darauf ab, wöchentliche Einnahmen zu generieren und gleichzeitig eine Beteiligung an den Magnificent Seven Aktien zu bieten, die etwa 29 % des S&P 500 ausmachen. Der Start ergänzt die bestehenden Produkte von Roundhill:
- MAGS: Gleichgewichtete Exponierung für wachstumsorientierte Anleger
- MAGX: 2-fache tägliche Hebelwirkung für Trader
- MAGY: Wöchentliche Ausschüttungen für einkommensorientierte Anleger
CEO Dave Mazza bemerkte, dass die Magnificent Seven Aktien zwar die globale Technologieführerschaft repräsentieren, aber kürzlich mit Gegenwind am Markt zu kämpfen hatten. MAGY ist darauf ausgelegt, eine Beteiligung an diesen Unternehmen zu ermöglichen, die Volatilität zu reduzieren und wöchentliche Prämieneinnahmen aus Optionen zu generieren.
- None.
- None.
MAGY launch expands the firm's Magnificent Seven ETF lineup, which currently has over
MAGY seeks to provide current income on a weekly basis by employing a covered call strategy on the Magnificent Seven, a group of stocks that collectively represent roughly
"While the Magnificent Seven stocks have become synonymous with global tech leadership," said Dave Mazza, CEO of Roundhill Investments, "they have recently faced headwinds as markets have sold off sharply. MAGY seeks to deliver both participation in these dynamic companies while reducing volatility and capturing weekly option premium income for investors."
Following today's launch, Roundhill offers Magnificent Seven exposure for all types of market participants.
- The Roundhill Magnificent Seven ETF (MAGS) offers growth-focused investors equal-weight exposure to the Magnificent Seven.
- The Roundhill Daily 2x Long Magnificent Seven ETF (MAGX) provides traders with amplified daily exposure to the Magnificent Seven.
- The Roundhill Magnificent Seven Covered Call ETF (MAGY) seeks to provide weekly distributions for income-oriented investors by writing calls on the Magnificent Seven.
For more information on MAGY, please visit: https://www.roundhillinvestments.com/etf/magy/
1 Source: Bloomberg as of 4/21/2025.
2 Source: Bloomberg as of 4/21/2025.
The Fund currently expects, but does not guarantee, to make distributions on a weekly basis. These distributions may exceed the Fund's income and gains for the Fund's taxable year. Distributions in excess of the Fund's current and accumulated earnings and profits will be treated as a return of capital. Distributions rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Please see the Supplemental Tax Information section of the webpage for more information on the distribution composition including the estimated return of capital.
About Roundhill Investments
Founded in 2018, Roundhill Investments is an SEC-registered investment advisor focused on innovative exchange-traded funds. Roundhill's suite of ETFs offers distinct and differentiated exposures across thematic equity, options income, and trading vehicles. Roundhill offers a depth of ETF knowledge and experience, as the team has collectively launched more than 100+ ETFs including several first-to-market products. To learn more about the company, please visit roundhillinvestments.com.
Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about Roundhill ETFs, please call 1-855-561-5728 or visit the website at www.roundhillinvestments.com/etf/MAGY. Read the prospectus or summary prospectus carefully before investing.
Covered Call Strategy Risk. A covered call strategy involves writing (selling) covered call options in return for the receipt of premiums. The seller of the option gives up the opportunity to benefit from value increases in the MAGS ETF above the strike price of the sold call options, but continues to bear the risk of the MAGS ETF price declines. The premiums received from the options may not be sufficient to offset any losses sustained from MAGS ETF price declines. Exchanges may suspend the trading of options during periods of abnormal market volatility. Suspension of trading may mean that an option seller is unable to sell options at a time that may be desirable or advantageous to do so.
Active Management Risk. The Fund is actively-managed and its performance reflects investment decisions that the Adviser and/or Sub-Adviser makes for the Fund. Such judgments about the Fund's investments may prove to be incorrect. If the investments selected and the strategies employed by the Fund fail to produce the intended results, the Fund could underperform as compared to other funds with similar investment objectives and/or strategies, or could have negative returns.
FLEX Options Risk. Trading FLEX Options involves risks different from, or possibly greater than, the risks associated with investing directly in securities. The Fund may experience losses from specific FLEX Option positions and certain FLEX Option positions may expire worthless. The FLEX Options are listed on an exchange; however, no one can guarantee that a liquid secondary trading market will exist for the FLEX Options. In the event that trading in the FLEX Options is limited or absent, the value of the Fund's FLEX Options may decrease. In a less liquid market for the FLEX Options, liquidating the FLEX Options may require the payment of a premium (for written FLEX Options) or acceptance of a discounted price (for purchased FLEX Options) and may take longer to complete.
Concentration Risk. The Fund may be susceptible to an increased risk of loss, including losses due to adverse events that affect the Fund's investments more than the market as a whole, to the extent that the Fund's investments are concentrated in the securities and/or other assets of a particular issuer or issuers, country, group of countries, region, market, industry, group of industries, sector, market segment or asset class.
MAGS ETF Risks. The Fund will have significant exposure to the MAGS ETF through its investments in shares of the MAGS ETF and investments in financial instruments that provide exposure to the MAGS ETF and the securities it holds. Accordingly, the Fund will be subject to the risks of the MAGS ETF.
New Fund Risk. The Fund is a recently organized investment company with a limited operating history.
Non-Diversification Risk. As a "non-diversified" fund, the Fund may hold a smaller number of portfolio securities than many other funds.
Roundhill Financial Inc. serves as the investment advisor. The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Roundhill Financial Inc.,
Glossary
Options: An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon price within a certain period or on a specific date.
Covered Call Strategy: A covered call strategy involves writing (selling) covered call options in return for the receipt of premiums. The seller of the option gives up the opportunity to benefit from price increases in the underlying instrument above the exercise price of the options, but continues to bear the risk of underlying instrument price declines.
Out-of-the-Money Options: Out-of-the-money options are options whose strike price is above the market price of the underlying asset.
Notional Exposure: The total value controlled by the Fund's portfolio of option contracts. Notional exposure is calculated by multiplying the number of contracts held by the underlying index price and multiplying this product by the contract multiplier of
Strike: The price at which an owner of a call (put) option has the right, but not the obligation, to purchase (sell) a stock for at the time of the option's expiration.
Upside: Reflects the degree of upside potential that could be experienced by a reference asset, expressed as a percentage, before it moves above the strike price of an associated short call option. The likelihood that the short call option will be exercised effectively creates a cap on potential gains.
Expiration Date: The last date that an option contract is valid before it expires and ceases to exist.
Days to Expiry: The number of calendar days until an option contract's expiration date.
View original content to download multimedia:https://www.prnewswire.com/news-releases/roundhill-investments-launches-magnificent-seven-covered-call-etf-magy-302434932.html
SOURCE Roundhill Investments
FAQ
What is the investment strategy of the new Roundhill MAGY ETF?
How does MAGY differ from other Magnificent Seven ETFs like MAGS and MAGX?
What percentage of the S&P 500 do the Magnificent Seven stocks represent in 2025?
How much assets under management (AUM) does Roundhill's Magnificent Seven ETF lineup have?
What is the distribution frequency for the MAGY ETF?
