Roundhill China Dragons ETF
DRAG
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Oct 2, 2024
- Similar Companies
- Business
- Roundhill China Dragons ETF (NYSEARCA: DRAG) is an actively managed exchange-traded fund that provides targeted capital appreciation through equal-weighted exposure to a concentrated portfolio of five to ten of China's largest and most innovative companies, known as the China Dragons; these include Tencent Holdings Ltd., PDD Holdings Inc., Alibaba Group Holding Ltd., Meituan, BYD Co. Ltd., and Xiaomi Corp., selected via a proprietary methodology combining quantitative screens on market capitalization and trading volume with qualitative assessments of technological innovation. The fund invests at least 80% of its net assets in American Depositary Receipts (ADRs) or derivatives such as total return swap agreements and forward contracts providing exposure to these Chinese issuers, with quarterly rebalancing to maintain equal weighting; it concentrates in the consumer discretionary, communication services, and information technology sectors and qualifies as non-diversified under the Investment Company Act of 1940. Launched on October 3, 2024, by Roundhill Financial Inc., an SEC-registered investment adviser founded in 2018 and headquartered in New York, the ETF trades on Cboe BZX with a gross expense ratio of 0.59% and supports options trading. In a significant recent development effective after market close on September 30, 2025, Roundhill Investments announced a rebranding of the fund to Roundhill China Magnificent Seven ETF with a new ticker symbol MAGC, aligning it with the firm's Magnificent Seven ETF series (MAGS) and emphasizing its seven key holdings' influence in the Chinese equity market. This name and symbol change reflects ongoing strategic evolution amid China's economic stimulus measures and attractive valuations for its tech leaders, with no alterations to underlying holdings or investment strategy at the time of announcement. The fund targets U.S. investors seeking efficient, tax-optimized access to China's mega-cap technology innovators, utilizing swaps for RIC diversification compliance while focusing on companies driving global innovation from the world's second-largest economy.