MAGX Fees and Costs — Roundhill Daily 2X Long Magnificent Seven ETF
Data updated: 2026-08-26
The net expense ratio is 0.95% (0.98% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $221K in broker commissions, 0.3267% of average net assets, and portfolio turnover was 0%.
MAGX Fees and Expenses
Annual operating expenses and sales charges of MAGX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.98% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MAGX Costs Over Time
On $10,000 invested in MAGX, assuming 5% a year before costs, total costs come to $794 over 5 years, cutting the return by 1.34% 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 0.95%) | $100 | $310 | $537 |
| Trading costs (broker commissions) | $34 | $107 | $185 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $438 | $794 |
| Value after costs | $10,366 | $11,139 | $11,969 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
MAGX 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): 0.3267%
- Total broker commissions: $221K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
MAGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL INC. | $210K | 94.98% |
| GOLDMAN SACHS & CO. LLC | $11K | 5.02% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $0 | 0.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.