ETF Evaluator: Strategy Shares Nwfnd/RSlv Rbt Mmt ETF () Follow This ETF

Strategy Shares Nwfnd/RSlv Rbt Mmt ETF Overview

Strategy Shares Nwfnd/RSlv Rbt Mmt ETF (ROMO) is a passively managed Allocation Tactical Allocation exchange-traded fund (ETF). Strategy Shares launched the ETF in 2019.

The investment seeks to provide investment returns that correspond, before fees and expenses, to the performance of the Newfound/ReSolve Robust Equity Momentum Index. The fund employs a "passive management" investment approach designed to track the total return performance, before fees and expenses, 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.

About Strategy Shares Nwfnd/RSlv Rbt Mmt ETF (ROMO)

There are 2 members of the management team with an average tenure of 7.00 years: David Miller (2019) and Charles Ashley (2019). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: MSCI ACWI GR USD index with a weighting of 100% and S&P Target Risk Balanced TR USD index with a weighting of 100%. Strategy Shares Nwfnd/RSlv Rbt Mmt ETF has 5 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Strategy Shares Nwfnd/RSlv Rbt Mmt ETF is part of the Allocation global asset class and is within the Allocation ETF group. Strategy Shares Nwfnd/RSlv Rbt Mmt ETF has 13.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 80.5% There is 13.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 6.2% (6.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Strategy Shares Nwfnd/RSlv Rbt Mmt ETF has 0.2% of the portfolio in cash.

Assets Under Management

The fund has $25 million in total assets, which is below the $171 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

ROMO Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Strategy Shares Nwfnd/RSlv Rbt Mmt ETF expense ratio is high compared to funds in the Tactical Allocation category. Strategy Shares Nwfnd/RSlv Rbt Mmt ETF has an expense ratio of 0.92%, which is 3% lower than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Strategy Shares Nwfnd/RSlv Rbt Mmt ETF has a portfolio turnover rate of 303%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 290% for the Tactical Allocation category.

Recently, in the month of October 2026, Strategy Shares Nwfnd/RSlv Rbt Mmt ETF returned -1.9%, which earned it a grade of D, as the Tactical Allocation category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Strategy Shares Nwfnd/RSlv Rbt Mmt ETF has a trailing yield of 8.42%, which is above the 2.32% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Strategy Shares Nwfnd/RSlv Rbt Mmt ETF Grades

Year to date, the ETF has returned 5.6%, 2.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 6.1% over the past year (grade of D), 15.2% over the past three years (grade of B) and 5.3% per year over the past five years (grade of C).

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