Invest in global memory stocks with the Roundhill Memory ETF (DRAM). Get exposure to semiconductor companies producing and supplying HBM, NAND and DRAM, the bottleneck of the AI revolution.
(as of 04/02/26)
Roundhill believes that computer memory and storage represents a secular growth story tied to the multi-decade buildout of AI infrastructure. The Roundhill Memory ETF (“DRAM”) seeks to offer exposure to a precise basket of global memory chip companies. DRAM is the first-ever memory stock ETF.
Secular Growth - Memory is a critical bottleneck of the AI revolution, supported by a secular shift toward data-intensive applications and sustained demand growth.
Global Memory Exposure - DRAM provides investors with global exposure to a targeted basket of leading memory producers, positioned at the center of AI-driven demand for faster, more efficient data processing and storage.
Pure Play - DRAM offers pure memory exposure unlike broader semiconductor funds.
| Ticker | DRAM |
|---|---|
| Primary Exchange | Cboe BZX |
| Expense Ratio | 0.65% |
| AUM | $0.25MM |
| Launch | 04/02/2026 |
| # of Holdings | 9 |
| ETF Options | No |
|---|---|
| CUSIP | 77926X320 |
| ISIN | US77926X3200 |
| Shares Outstanding | 10,000 |
| Management Style | Active |
As of 04/02/2026
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ETF holdings and allocations are subject to change at any time and should not be interpreted as an offer of these securities.
As of 04/02/2026
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The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. For the most recent month-end performance, please call (855) 561-5728. You cannot invest directly in an index. Shares are bought and sold at market price (closing price), not net asset value (NAV), and are individually redeemed from the Fund. Market performance is determined using the Primary Exchange official closing price. Brokerage commissions will reduce returns.
As of 04/02/2026
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| Distribution Frequency | Annual |
*30-Day SEC Yield: Yield calculation that reflects the dividends and interest earned during the period after the deduction of the fund’s expenses. It is also referred to as the "standardized yield".
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When did the Roundhill Memory ETF (Cboe BZX: DRAM) launch?
DRAM began trading on April 2, 2026.
What are the fees for the Roundhill Memory ETF?
The Fund’s gross expense ratio is 0.65% per year.
Can I trade options on the Roundhill Memory ETF?
No, options trading is not yet available for DRAM.
Is the Roundhill Memory ETF actively managed?
Yes. However, the Fund’s turnover is generally expected to be limited to quarterly rebalancing.
Why does the Roundhill Memory ETF invest in total return swaps?
The Fund utilizes total return swaps in order to maintain compliance with RIC diversification tests. The Fund intends to qualify as a Regulated Investment Company for tax purposes.
What are memory stocks?
Memory companies as those companies with at least 50% of their revenues or profits attributable to the development or manufacturing of semiconductor memory products, including:
High bandwidth memory (HBM) technology,
Dynamic random-access memory (DRAM) technology,
NAND (Not And) flash memory or solid-state drive (SSD) technologies that utilize NAND flash,
NOR (Not Or) flash technology,
Hard Disk Drives (HDD), or
Specificality and embedded memory.
(as of 04/02/26)
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