FLCH vs MAGC

FLCHAFranklin FTSE China ETF

MAGCCRoundhill China Magnificent Seven ETF

In short

FLCH Cheap and wide, in the best way. FLCH holds roughly a thousand Chinese stocks and charges 0.19% a year, a fraction of what most single-country China funds ask. Whole market, small toll.

MAGC One ticker, seven of China's biggest tech and EV names, equal weighted and rebalanced quarterly. Roundhill's China answer to its own Magnificent Seven fund, and it charges 0.60%.

Stated mandate

FLCH The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE China RIC Capped Index.

MAGC The fund seeks equal-weight exposure to the largest and most innovative Chinese companies identified as the China Magnificent Seven.

Why people hold it

• FLCH 0.19% a year, against a roughly 0.70% median for China funds. It also undercuts the category stalwarts MCHI and GXC, both at 0.59%.
• About 1,000 holdings, so you own the long tail of Chinese listings rather than a short list of mega-cap headline names.
• One job, done tightly: mirror the FTSE China RIC Capped Index before fees. On tracking it ranks among the strongest builds in its China peer group.sec.gov

• MAGC Equal weight, rebalanced quarterly, so no single giant swallows the basket the way it can in cap-weighted China index funds.roundhillinvestments.com
• Blue-chip roster only: names such as Alibaba, Tencent and BYD, picked with size and liquidity screens, which skips Chinese small caps entirely.roundhillinvestments.comroundhillinvestments.com 2
• At 0.60% with no fee waiver, it sits near the median of 30 China funds we track, unusual for a hand-picked, actively managed basket.
• Roundhill launched it in 2024 and bills it as the first ETF built around this precise basket of China's tech leaders.roundhillinvestments.com

Worth knowing

• FLCH It is China or nothing. Policy shifts, regulatory news and the currency drive the ride, with no other market in the basket to cushion it.
• Mid-sized and only moderately traded next to the category's giants, so bid-ask spreads can bite more on larger orders.
• Cash comes once or twice a year, not monthly. This is an equity index vehicle, not an income schedule.

• MAGC Seven companies means one bad quarter at one of them lands hard. Broad China funds spread that risk across hundreds of stocks.roundhillinvestments.com
• Much of the exposure comes via total return swaps on ADRs (to meet fund diversification tests), backed by Treasury bills, not direct share ownership.roundhillinvestments.comroundhillinvestments.com 2
• Small and thinly traded, with distributions once or twice a year. Cheaper, broader options like FLCH (0.19%) and CXSE (0.32%) rank at the top of the category.

Full FLCH profile⁠

Full MAGC profile⁠