MAGS Fees and Costs — Roundhill Magnificent Seven ETF
Data updated: 2026-08-26
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $319K in broker commissions, 0.0123% of average net assets, and portfolio turnover was 27%.
MAGS Fees and Expenses
Annual operating expenses and sales charges of MAGS. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MAGS Costs Over Time
On $10,000 invested in MAGS, assuming 5% a year before costs, total costs come to $198 over 5 years, cutting the return by 0.33% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $108 | $198 |
| Value after costs | $10,467 | $11,468 | $12,565 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
MAGS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0123%
- Total broker commissions: $319K
- Bought from dealers (principal trades, not a cost): $15.8B
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $43.6M
- Net income from securities lending: $43K (0.002% of average net assets)
MAGS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $151K | 47.38% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $72K | 22.56% |
| NOMURA SECURITIES INTERNATIONAL INC. | $63K | 19.72% |
| PERSHING LLC | $33K | 10.34% |
MAGS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $7.2B | 45.71% |
| BARCLAYS CAPITAL INC. | $6.6B | 41.52% |
| BMO CAPITAL MARKETS CORP. | $2.0B | 12.77% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.