BATS · Active · options-income

Roundhill Magnificent Seven Covered Call ETF

Roundhill Financial Inc.

Weighted score · 3.35 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Weekly · 100% ROC

Expense Ratio

1.28% gross

1Y Return

vs underlying

Sharpe

Max DD -14.3%

The Fund's primary investment objective is to provide current income.

The Fund employs a covered call strategy by purchasing shares of the Roundhill Magnificent Seven ETF (MAGS ETF) and simultaneously selling out-of-the-money call options on the MAGS ETF (MAGS ETF Call Options) to generate weekly income. The Fund invests at least 80% of its net assets in instruments providing exposure to the Magnificent Seven, including MAGS ETF shares and derivative instruments referencing the MAGS ETF. The sold call options typically have expirations of approximately one week or less and are held to or near expiration. This strategy converts a portion of potential upside price return of the MAGS ETF into current income, limiting participation in gains beyond the strike price of the sold calls.

The Fund sells out-of-the-money MAGS ETF Call Options representing an equivalent notional value to the MAGS ETF shares held by the Fund. Options are traditional exchange-traded and/or FLEX Options listed on regulated U.S. exchanges, guaranteed for settlement by the OCC. Expirations are generally one week or less and are held to or close to expiration to generate weekly premium income.

NAV HISTORY · JUN '25 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.

Composition · Recent Distribution

Tax Treatment — Ordinary Income

ORDINARY INCOME

Distribution Composition (Recent)

ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.

Composition · Narrative

Per the fund's most recent 19a-1 notice (as stated on the issuer fund page), the estimated distribution is 100% return of capital.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bearish — 50-DMA below 200-DMA

Price $44.03 is below the 200-day SMA ($45.10); 50-day SMA $44.97. The 50-day SMA sits below the 200-day — an established downtrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.

Liquidity

Estimated bid/ask spread ~0.20% (moderate). Average daily dollar volume ~$3.2M (adequate). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.

AUM ($)