Fund Details
As of 4/22/2024
| Ticker | ROMO |
| CUSIP | 86280R886 |
| Inception | 11/1/2019 |
| Exchange | CBOE BZX |
| Gross Expense Ratio | 1.03% |
| Net Expense Ratio* | 0.96% |
| Portfolio Manager | David Miller |
| Portfolio Manager | Charlie Ashley |
*The advisor has contractually agreed to waive all or a portion of its management fee and/or reimburse certain operating expenses of the Fund to the extent necessary in order to limit the Total Annual Fund Operating Expenses (exclusive of: (i) acquired fund fees and expenses; (ii) brokerage commissions and trading costs; (iii) interest (including borrowing costs and overdraft charges); (iv) taxes; (v) short sale dividends and interest expenses; and (vi) non-routine or extraordinary expenses (such as litigation or reorganizational costs) to not more than 0.75% of the Fund’s daily net assets through August 31, 2024.
Fact SheetFund Description and Objective
ROMO seeks to provide momentum-based exposure to global equity regions while simultaneously avoiding significant and prolonged drawdowns. Unlike many tactical strategies, which implement a “light switch” approach, ROMO implements a distinct “dimmer switch” approach.
ROMO seeks to provide investment returns that correspond, before fees and expenses, to the performance of the Newfound/ReSolve Robust Equity Momentum Index. The Index uses a quantitative, rules-based methodology to provide exposure to broad U.S. equity, international equity, and emerging market equity indices, to the extent that such equity indices are exhibiting positive momentum relative to U.S. Treasury market indices.
The allocations within the Index are determined by proprietary quantitative models that include momentum and trend following factors that are evaluated over various time horizons. The weightings within the Index are determined based on measures of the momentum of the global equity markets relative to the momentum of U.S. Treasury securities. The Index will include U.S. Treasury exposure when equities exhibit negative momentum and trend following characteristics versus the U.S. Treasury markets.
Daily NAV and Market Price
As of
|
Ticker – |
Exchange BATS |
NAV2 |
Market Price3 – |
| Shares Outstanding | 1325000.00 | Total Net Assets | 36606631.29 |
|---|---|---|---|
| Median Bid/Ask Spread (30 Day)1 | – | Premium Discount (%) |
130-Day Median Bid/Ask Percentage Spread Calculation: Based on Rule 6c-11(c)(1)(v), to calculate the median bid-ask spread the fund, (i) identifies the ETF’s NBBO as of the end of each 10-second interval during each trading day of the last 30 calendar days; (ii) divides the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identify the median of those values.
2Net asset value” or “NAV” is determined by adding up the value of all the assets in the fund, including assets and cash, subtracting any liabilities, and then dividing that value by the number of outstanding shares in the ETF.
3Market Price is defined as the official closing price of the ETF share.
ROMO Performance
Cumulative (%) as of 3/31/2024 (1 YR or Less) Annualized (%) as of 3/31/2024 (Greater than 1 YR)
| ROMO | YTD | 1M | 3M | 6M | 1 Yr | 3 Yrs | 5 Yrs | Since Inception |
| NAV | 9.58 | 3.21 | 9.58 | 19.03 | 17.76 | 4.66 | 4.46 | |
| Market Price | 9.51 | 2.85 | 9.51 | 18.95 | 17.68 | 4.58 | 4.44 |
The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the ETF shares will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market returns are based on the composite closing price and do not represent the returns you would receive if you traded the shares at other times. The first trading date is typically several days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the first trade date.
Download All Holdings| Holding Name | Ticker | Weight | Market Value | Shares Held |
| CASH AND CASH EQUIVALENTS | 0.26997090% | 98889.45 | 98889.45 | |
| ISHARES 1-3 YEAR TREASURY | SHY US | 0.29375981% | 107603.25 | 1325.0000 |
| ISHARES CORE MSCI EAFE ET | IEFA US | 1.86400205% | 682777.80 | 9540.0000 |
| ISHARES CORE S&P 500 ETF | IVV US | 97.57226723% | 35740399.48 | 71179.0000 |
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Disclosures
Shares of this ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.
For more complete information on Strategy Shares, download and view a prospectus or summary prospectus now or call (855) 477-3837 for a free prospectus or summary prospectus. You should consider the fund’s investment objectives, risks, charges, and expenses carefully before you invest. Information about these and other important subjects is in the fund’s prospectus or summary prospectus, which you should read carefully before investing. Investing involves risk, including loss of principal. There is no guarantee that this, or any investment strategy, will succeed. Shares of these ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.
There are risks involved with investing, including possible loss of principal. Investment in a fund of funds is subject to the risks and expenses of the underlying funds. Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in emerging markets involves different and greater risks, as these countries are substantially smaller, less liquid and more volatile than securities markets in more developed markets.
The Fund will concentrate its investments in securities of a particular industry and/or geographic region to the extent the Index does. This may cause the Fund’s net asset value or market price to fluctuate more than that of the Fund that does not concentrate in a particular industry or geographic region.
Securities issued or guaranteed by federal agencies or authorities and U.S. government-sponsored instrumentalities or enterprises may not be backed by the full faith and credit of the U.S. government, which could affect the Fund’s ability to recover should they default. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.
The Strategy Shares are distributed by Foreside Fund Services, LLC, which is not affiliated with Rational Advisors, Inc., or any of its affiliates.