Strategy Shares’ Day Hagan Smart Sector ETF recorded portfolio turnover of 137% for the fiscal year ended April 30, 2026. The rate may point to higher Transaction Costs and taxes in taxable accounts, while the fund’s prospectus describes sector allocation, expenses and Investment risks for shareholders.

Key Highlights

  • A $10,000 investment is estimated to incur costs of $78 over one year and $942 over 10 years.
  • Donald Hagan, Regan Teague and Arthur Day manage the portfolio, with Hagan serving as lead manager.
  • Invests principally in unaffiliated Equity ETFs tracking individual sectors of the S&P 500 Index.
  • Uses proprietary models to set sector allocations and manage overall ETF exposure.

The fund principally invests in unaffiliated equity ETFs tracking individual sectors of the S&P 500 Index and can also hold the index’s common stocks.

$78 One-Year Cost Example

The fund uses proprietary investment models to set sector allocations, combining price-based, economic, fundamental and behavioral indicators. It can overweight or underweight sectors relative to the S&P 500 Index and reduce its overall ETF exposure through a risk-management model. The fund is managed by Day Hagan Asset Management. Donald Hagan, Regan Teague and Arthur Day are responsible for day-to-day portfolio management, with Hagan serving as lead portfolio manager. Shares trade on NYSE Arca at market prices, which can be above or below net asset value, and investors may face bid-ask spreads.

Turnover May Raise Trading and Tax Costs

The prospectus example assumes a $10,000 investment earning 5% annually, with estimated costs of $78 after one year, $243 after three years, $422 after five years and $942 after 10 years. The example excludes brokerage commissions and other transaction costs.