Strategy Shares

12/18/2024 | Press release | Distributed by Public on 12/18/2024 11:32

Prospectus by Investment Company (Form 497)

Fund Ticker Symbol
Strategy Shares Nasdaq 7HANDLTM Index ETF NASDAQ Ticker: HNDL
Strategy Shares Newfound/ReSolve Robust Momentum ETF Cboe Ticker: ROMO
Strategy Shares Gold-Hedged Bond ETF Cboe Ticker: GOLY

(collectively, the "Funds")

December 18, 2024

The information in this Supplement amends certain information contained in each Fund's currently effective Statement of Additional Information (collectively, the "SAI").

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Effective December 4, 2024, Thomas Hamel is a Vice President of Strategy Shares (the "Trust"). Accordingly, the following information is added to the table under the section of the Funds' SAI entitled "Management - Trustees and Officers".

Name, Address, Year of Birth Position(s) Held with Trust Term and Length Served Principal Occupation(s) During Past 5 Years

Thomas Hamel
36 N. New York Avenue
Huntington, NY
11743

Year of Birth: 1969

Vice President Since 2024 Vice President, Mutual Fund Series Trust and Catalyst Strategic Income Opportunities Fund, 2024 - Present; Managing Director, Head of Investment Operations, Catalyst Capital Advisors LLC, AlphaCentric Advisors LLC and Rational Advisors, Inc, since January 2024; COO, Head of Investment Operations & Accounting, Captain Technologies, 2020 - 2024; Head of Client & Investment Operations, Aksia LLC from 2009- 2020.

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You should read this Supplement in conjunction with the Prospectus, Summary Prospectus and Statement of Additional Information for each Fund dated September 1, 2024, which provide information that you should know about the Funds before investing. These documents are available upon request and without charge by calling the Funds toll-free at (855) 4SS-ETFS or (855) 477-3837, or by writing to the Fund at 36 North New York Avenue, Huntington, NY 11743.

Please retain this Supplement for future reference.