OZEM Fees and Costs — Roundhill GLP-1 & Weight Loss ETF
Data updated: 2026-08-26
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $27K in broker commissions, 0.0740% of average net assets, and portfolio turnover was 66%.
OZEM Fees and Expenses
Annual operating expenses and sales charges of OZEM. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
OZEM Costs Over Time
On $10,000 invested in OZEM, assuming 5% a year before costs, total costs come to $418 over 5 years, cutting the return by 0.70% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $229 | $418 |
| Value after costs | $10,430 | $11,347 | $12,345 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
OZEM 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): 0.0740%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
OZEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $12K | 44.21% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $11K | 41.94% |
| BOFA SECURITIES INC. | $2K | 8.69% |
| MIRAE ASSET SECURITIES (USA) INC. | $709 | 2.71% |
| CLSA AMERICAS LLC | $640 | 2.45% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.