MAGY ETF — Roundhill Magnificent Seven Covered Call ETF

Roundhill Magnificent Seven Covered Call ETF (MAGY)

Updated October 2, 2026.

MAGY is an ETF linked to Magnificent Seven Stocks. its distribution rate is 19.72%, its trailing-12-month yield is 33.26%, its expense ratio is 0.99%. Dividend Vision Distribution Safety Score™ is 34/100 (Elevated risk). Total return is 27.7% over the past 1.4 years, 18.4 points behind SPY at 46.1%.

At the current 19.72% distribution rate, a $10,000 investment would generate approximately $1,972 per year. Actual weekly payments vary.

Roundhill Magnificent Seven Covered Call ETF is an ETF that pursues a covered call strategy, holding shares of the Roundhill Magnificent Seven ETF (MAGS) while simultaneously selling out-of-the-money call options on that same fund to generate income. The fund distributes a high current income rate weekly and carries an expense ratio of 0.99%. This structure appeals to income-focused investors seeking regular cash distributions from large-cap technology and growth stocks, though the covered call approach caps upside potential in exchange for enhanced yield.

MAGY performance versus SPY

Price and return data through 2026-10-02.

Total return is 27.7% over the past 1.4 years, 18.4 points behind SPY at 46.1%. Its deepest 1-year drawdown was 14.3%.

MAGY key facts

Distribution Safety Score™

34 · Elevated risk

Safety-Adjusted Yield

6.70%

Issuer

Roundhill Investments

Asset type

ETF

Asset class

Equity

Inception date

04/23/2025

Expense ratio

0.99%

Distribution rate

19.72%

Distribution frequency

Weekly

Trailing yield

33.26%

Last close

$43.25 (as of 2026-10-02)

AUM

$97,536,740

Average volume

33200.0

Next dividend

$0.164045

Latest 19(a) ROC estimate

100.00%

Last ex-dividend date

10/02/2026

Next payment date

10/05/2026

Beta

1.0227

How Dividend Vision calculates yield and returns

Distribution rate (19.72%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (33.26%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Roundhill Investments or company page; Index: Magnificent Seven Stocks; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MAGY risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 14.3%.

Who may consider MAGY — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Roundhill Investments.