MAGY Fees and Costs — Roundhill Magnificent Seven Covered Call ETF
Data updated: 2026-08-26
The net expense ratio is 0.99% (1.19% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $314K in broker commissions, 0.3772% of average net assets, and portfolio turnover was 20%.
MAGY Fees and Expenses
Annual operating expenses and sales charges of MAGY. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.99% |
| 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 |
MAGY Costs Over Time
On $10,000 invested in MAGY, assuming 5% a year before costs, total costs come to $849 over 5 years, cutting the return by 1.44% 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 0.99%) | $104 | $323 | $558 |
| Trading costs (broker commissions) | $40 | $123 | $213 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $144 | $468 | $849 |
| Value after costs | $10,356 | $11,108 | $11,914 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
MAGY 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): 0.3772%
- Total broker commissions: $314K
- Bought from dealers (principal trades, not a cost): $15.9M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
MAGY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $309K | 98.43% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $4K | 1.18% |
| GOLDMAN SACHS & CO. LLC | $1K | 0.39% |
MAGY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $15.9M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.