ETF
The primary Magnificent Seven ETF is the Roundhill Magnificent Seven ETF (MAGS), which offers concentrated, equal-weight exposure to the seven dominant US tech stocks: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.
| Roundhill Magnificent Seven ETF (MAGS) |
|---|
| Ticker Symbol: MAGS |
| Exchange: Traded on the Cboe BZX Exchange |
| Strategy: It is an actively managed fund that aims to provide pure exposure to the "Magnificent Seven" stocks by rebalancing to equal weight on a quarterly basis. |
| Expense Ratio: The gross annual expense ratio is 0.29% |
| Key Holdings: The fund invests in all seven companies using a combination of swaps and direct stock exposure. |
| Options Trading: Options trading is available for MAGS |
| Other Related ETFs |
| Several other ETFs provide different ways to invest in the Magnificent Seven, depending on an investor's risk tolerance and objectives: |
- Leveraged Exposure: The Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) provides 200% (2x) daily leveraged exposure to the performance of the Magnificent Seven. This is intended for sophisticated, short-term traders.
- Income Strategy: The Roundhill Magnificent Seven Covered Call ETF (MAGY) uses a covered call strategy to generate weekly income from the seven stocks, appealing to income-focused investors.
- Exclusionary ETF: Conversely, the Defiance Large Cap Ex-Magnificent Seven ETF (XMAG) is designed for investors who want exposure to the S&P 500 excluding these seven specific stocks to mitigate concentration risk.
