TOPW Fees and Costs — Roundhill WeeklyPay Universe ETF
Data updated: 2026-09-04
The net expense ratio is 0.32% (0.61% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $79K in broker commissions, 0.0236% of average net assets, and portfolio turnover was 42%.
TOPW Fees and Expenses
Annual operating expenses and sales charges of TOPW. Prospectus, as of September 4, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.61% |
| Fee waiver | −0.29% |
| Net expense ratio | 0.32% |
| 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 |
TOPW Costs Over Time
On $10,000 invested in TOPW, assuming 5% a year before costs, total costs come to $218 over 5 years, cutting the return by 0.36% 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 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $2 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $36 | $119 | $218 |
| Value after costs | $10,464 | $11,457 | $12,545 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
TOPW 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): 0.0236%
- Total broker commissions: $79K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 42%
- Securities lending: none during the year
TOPW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $79K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.