Defiance China Memory ETF

Frequently Asked Questions About CRAM

What does CRAM invest in?

The fund seeks to track the performance, before fees and expenses, of the BITA China Memory Index. Under normal circumstances, the Fund will invest at least 80% of its assets in investments that provide exposure to the component securities of the Index, which are companies engaged in China memory and storage semiconductor value chain activities.

What is the expense ratio of CRAM?

Defiance China Memory ETF (CRAM) charges an expense ratio of 0.67%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CRAM?

Defiance China Memory ETF (CRAM) manages $559,284 in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is CRAM actively managed or an index fund?

CRAM is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (CRAM's is 0.67%) because there's no security selection cost.

When was CRAM launched?

Defiance China Memory ETF (CRAM) launched in September 2026 and is managed by Defiance.

How has CRAM performed?

CRAM's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.