Roundhill Magnificent Seven Covered Call ETF (MAGY)

Roundhill Magnificent Seven Covered Call ETF (MAGY) is an exchange-traded fund in the Derivative Income category. It has $97.80M in assets, an expense ratio of 0.99% and a 3.77% dividend yield. 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.