# Roundhill Memory ETF (DRAM): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dram for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Roundhill Investments · Asset class: Equity - Strategy: Thematic · Inception: 2026-04-02 The Roundhill Memory ETF (DRAM) is designed to offer investors a focused investment opportunity within the worldwide semiconductor memory industry. Its portfolio is strategically constructed to prioritize leading companies that command substantial market presence and revenue in memory products and associated technologies. This includes a broad spectrum of memory solutions such as high bandwidth memory, dynamic random-access memory (DRAM), NAND flash memory (encompassing solid-state drives built on NAND), NOR flash memory, hard disk drives, and specialized or embedded memory components. The... ## Key Facts | Metric | Value | |---|---| | Price | $47.06 | | Expense Ratio | 0.65% | | Assets Under Management | $18.51B | | NAV | $47.30 | | Holdings Count | 14 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $26.14 – $81.34 | | Beta | 9.20 | ## Frequently Asked Questions ### What does DRAM invest in? The Roundhill Memory ETF (DRAM) is designed to offer investors a focused investment opportunity within the worldwide semiconductor memory industry. Its portfolio is strategically constructed to prioritize leading companies that command substantial market presence and revenue in memory products and associated technologies. This includes a broad spectrum of memory solutions such as high bandwidth memory, dynamic random-access memory (DRAM), NAND flash memory (encompassing solid-state drives built on NAND), NOR flash memory, hard disk drives, and specialized or embedded memory components. The fund's deliberate emphasis on major, large-capitalization firms is deemed essential for supporting the advancements in artificial intelligence. To execute its active investment approach, the fund has the flexibility to invest in common stocks or financial derivatives, such as swaps or forwards. The allocation of portfolio weights follows a modified market capitalization methodology, with a safeguard that no single company can constitute more than 25% of the fund. These weightings are determined by the advisor's evaluation of each company's market position and revenue generation within the memory sector. The portfolio undergoes rebalancing at a minimum of every three months. ### What is the expense ratio of DRAM? Roundhill Memory ETF (DRAM) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is DRAM? Roundhill Memory ETF (DRAM) manages $18.51B 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 DRAM actively managed or an index fund? DRAM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was DRAM launched? Roundhill Memory ETF (DRAM) launched in April 2026 and is managed by Roundhill Investments. ### How has DRAM performed? DRAM'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. ### Does DRAM pay a dividend? Roundhill Memory ETF (DRAM) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DRAM pay dividends? Roundhill Memory ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DRAM's dividend yield? DRAM's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is DRAM's next ex-dividend date? DRAM hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will DRAM's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.65% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DRAM charge its expense ratio? The expense ratio is deducted in tiny daily slices from DRAM's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DRAM cost more than a fund like VOO? DRAM's strategy (current expense ratio 0.65%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where DRAM sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to DRAM? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as DRAM (0.65%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/dram - Distribution history: https://www.dividenddata.com/funds/dram/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dram/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dram/expenses - Peer comparison: https://www.dividenddata.com/funds/dram/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.