DRMY pairs concentrated exposure to between 8 and 15 memory-chip stocks across the U.S., South Korea, Japan, and Taiwan with an options overlay designed to generate income distributions.
At 1.01%, the fund's fee tops most comparable semiconductor income ETFs, and selling options to fund distributions caps gains during sharp market rallies.
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A new semiconductor-themed income fund began trading on the NYSE Arca: the XFUNDS™ Memory Income ETF (NYSEARCA:DRMY). The fund is issued through Tidal Trust II, with Tidal Investments LLC as investment adviser and Nicholas Wealth, LLC as sub-adviser. Its prospectus is dated July 14, 2026.
DRMY carries a total annual operating expense ratio of 1.01%, which works out to roughly $101 a year on a $10,000 investment. That figure breaks down into a 0.99% management fee and 0.02% in other expenses, with no 12b-1 distribution fees. The fund's primary objective is capital appreciation, with a secondary objective of current income.
DRMY is an actively managed ETF, meaning a portfolio team picks the holdings rather than following an index. It invests in what the prospectus calls "Memory Companies," defined as businesses that derive at least 50% of revenues or profits from the design, development, production, or manufacture of memory-related semiconductor products or storage technologies. That covers high bandwidth memory (HBM), DRAM, NAND flash and SSDs, NOR flash and hard disk drives, and specialty or embedded memory products.
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The portfolio is concentrated. The sub-adviser expects to hold approximately 8 to 15 companies, using a modified market capitalization weighting with a maximum weight of 25% for any single issuer. Holdings are rebalanced at least quarterly. Because so much of the world's memory manufacturing sits in Asia, the fund expects to focus on issuers in the United States, South Korea, Japan, and Taiwan, gaining foreign exposure through American and Global Depositary Receipts.
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