MAGS

Roundhill Magnificent Seven ETF (MAGS) is an exchange-traded fund that seeks to track the performance of an index composed of the seven large U.S. companies commonly referred to as the “Magnificent Seven.” The ETF is managed by Roundhill Investments and trades under the ticker MAGS on NYSE Arca.

Classified as a U.S. thematic equity ETF, MAGS aims to reflect, before fees and expenses, the performance of the companies included in the Magnificent Seven Index. 

The fund follows a passive management strategy, maintaining a portfolio structured to replicate the composition and weighting rules defined by its benchmark index, which concentrates exposure in a fixed group of large-cap companies.

The index tracked by MAGS consists of seven large-cap U.S.-listed companies recognized for their significance within the technology, communication services, and consumer discretionary sectors. Securities are weighted according to predefined index rules, with periodic reviews that may result in portfolio rebalancing in line with the index methodology.

Diversification and sector exposure

MAGS provides concentrated exposure to companies operating primarily in the following sectors:

• Information technology.

• Communication services.

• Consumer discretionary.

The ETF’s structure reflects the sector concentration inherent in the underlying group of companies.

Structure and costs

MAGS shares trade on the secondary market. Creation and redemption of shares are carried out by authorized participants, a mechanism designed to help keep the ETF’s market price aligned with its net asset value (NAV).

The fund charges a management fee and does not apply a performance fee. MAGS makes periodic income distributions primarily derived from dividends paid by the underlying holdings.

History and evolution of the ETF

The Roundhill Magnificent Seven ETF was launched in 2023 during a period of significant concentration in the U.S. equity market driven by large-cap technology and communication companies.

In recent years, the performance of the companies represented by the ETF has been associated with the expansion of artificial intelligence, continued digitalization of services, and volatility linked to U.S. monetary policy cycles. 

The concentration in a small number of companies has also resulted in heightened sensitivity to company-specific market movements.

Additional Information

Listed Funds Trust - Roundhill Magnificent Seven ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $3.84 B.

Over the past 12 months, Listed Funds Trust - Roundhill Magnificent Seven ETF recorded a return of 45.19%, with its price trading between $41.06 and $69.06 during the same period.

The ETF is traded under the ticker MAGS.