Quick Read – 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…
lling options to fund distributions caps gains during sharp market rallies. – 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. What the Fund Does 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.