ROMO Fees and Costs — Strategy Shares Newfound/ReSolve Robust Momentum ETF
Data updated: 2026-09-28
The net expense ratio is 0.92% (1.29% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $20K in broker commissions, 0.0687% of average net assets, and portfolio turnover was 303%.
ROMO Fees and Expenses
Annual operating expenses and sales charges of ROMO. Prospectus, as of August 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.63% |
| Gross expense ratio | 1.29% |
| Fee waiver | −0.37% |
| Net expense ratio | 0.92% |
| 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 | Yes |
ROMO Costs Over Time
On $10,000 invested in ROMO, assuming 5% a year before costs, total costs come to $619 over 5 years, cutting the return by 1.04% 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 0.92%) | $97 | $301 | $523 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $619 |
| Value after costs | $10,396 | $11,236 | $12,144 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
ROMO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0687%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $13.6M
- Portfolio turnover (prospectus): 303%
- Securities lending: none during the year
ROMO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Mischler Financial Group, Inc. | $20K | 100.00% |
ROMO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $8.2M | 60.12% |
| Virtu Americas LLC | $3.1M | 23.08% |
| BofA Securities, Inc. | $2.3M | 16.80% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.