{
 "ticker": "DRAM",
 "name": "Roundhill Memory ETF",
 "issuer": "Roundhill",
 "desk": "themes",
 "url": "https://etfiq.com/funds/DRAM",
 "html": "https://etfiq.com/funds/DRAM",
 "markdown": "https://etfiq.com/funds/DRAM.md",
 "as_of": "2026-09-11",
 "verdict": "DRAM holds 13 stocks, and 80% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "20.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DRAM, already in the S&P 500: 20.0%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "96.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DRAM, active share vs the S&P 500: 96.8%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "97.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DRAM, top ten holdings: 97.3%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+112.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DRAM, total return, since launch: +112.9%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$25.9bn",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "DRAM, net assets: $25.9bn (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Mar 31, 2026",
   "as_of": "2026-09-11",
   "sentence": "DRAM, expense ratio: 0.65% (485BPOS XBRL, Mar 31, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Memory and storage",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Apr 2, 2026",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "20.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "96.8%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "20.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "94.7%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "97.3%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "13",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "TREASURY BILL 27.2%, SK hynix Inc 20.2%, Samsung Electronics Co Ltd 18.3%, Sandisk Corp 6.6%, Kioxia Holdings Corp 5.5%, Western Digital Corp 5.5%, Seagate Technology Holdings PL 5.3%, GigaDevice Semiconductor Inc 3.9%, Micron Technology Inc 2.6%, Nanya Technology Corp 2.3%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$25.9bn",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221226.8%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.65%",
   "source": "485BPOS XBRL, Mar 31, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.67%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "WEED 27%, UX 27%, CNBS 27%, XAIX 20%, KMCA 20%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22129.1%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u221212.4 pts",
   "Gap to Nasdaq-100": "\u22128.3 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+112.9%",
   "S&P 500": "+16.8%",
   "Gap to S&P 500": "+96.1 pts",
   "Gap to Nasdaq-100": "+90.6 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of DRAM is in S&P 500 companies?",
   "a": "By its holdings filed for Jun 30, 2026, 20% of DRAM by weight is stocks the S&P 500 already holds. Its active share against the index is 97%, so that share is the part doing something different."
  },
  {
   "q": "What does DRAM hold?",
   "a": "13 positions as filed for Jun 30, 2026, with the top ten at 97% of the fund. The largest are TREASURY BILL at 27.2%, SK hynix Inc at 20.2%, Samsung Electronics Co Ltd at 18.3%."
  },
  {
   "q": "Has DRAM beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 DRAM returned +112.9% with distributions reinvested, against +16.8% for the S&P 500, so it finished ahead of the index by 96.1 points."
  },
  {
   "q": "What does DRAM cost?",
   "a": "The prospectus expense ratio is 0.65% a year. Because 97% of the fund differs from the S&P 500, the fee on that differing part works out at 0.67%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}