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HBMX ETF — Tuttle Capital Concentrated Memory Stack ETF
Tuttle Capital Concentrated Memory Stack ETF (HBMX)
Updated November 6, 2026.
HBMX is an ETF. Its expense ratio is 0.95%. Total return is -41.4% over the past 0.4 years, 38.4 points behind SPY at -3.0%.
Tuttle Capital Concentrated Memory Stack ETF is an actively managed fund that pursues long-term capital appreciation through focused exposure to memory semiconductor companies—including DRAM, NAND, and high-bandwidth memory producers—plus the advanced packaging, testing, and equipment suppliers supporting AI infrastructure. The fund is non-diversified and concentrates its assets in this specialized technology sector with an expense ratio of 0.95%. It makes annual distributions and may appeal to growth-oriented investors seeking concentrated exposure to memory chip technology rather than broad market diversification.
HBMX holdings and sector exposure
The top 10 holdings are 59.8% of the fund.
| Ticker | Name | Weight |
|---|---|---|
| MU | Micron Technology Inc | 10.34% |
| ATEYY | Advantest Corp DRC | 8.58% |
| PENG | Penguin Solutions, Inc. | 7.42% |
| ASML | ASML Holding N.V. New York Registry Shares | 5.35% |
| SKHY | SK Hynix Inc. American Depositary Shares | 5.29% |
| CAMT | Camtek Ltd | 5.08% |
| ONTO | Onto Innovation Inc | 4.97% |
| RMBS | Rambus Inc | 4.39% |
| SNDK | Sandisk Corp | 4.32% |
| LRCX | Lam Research Corp | 4.05% |
To see how this fund's sectors add up across your own holdings, use True Exposure.
HBMX performance versus SPY
Total return is -41.4% over the past 0.4 years, 38.4 points behind SPY at -3.0%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -40.2% | — |
| 3M | -33.5% | — |
| YTD | -41.4% | — |
| Since inception 2026-06-02 · 0.4 years | -41.4% | — |
HBMX key facts
- Issuer
- Tuttle Capital Management
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 06/02/2026
- Expense ratio
- 0.95%
- Distribution frequency
- Annual
- Last close
- $16.69 (as of 2026-11-06)
- AUM
- $19,434,125
- Average volume
- 21,968
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Tuttle Capital Management or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
HBMX risks and drawbacks
Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window.
Who may consider HBMX — and who may not
It is a weaker fit for investors who need monthly cash flow (HBMX pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on HBMX
Compare HBMX
HBMX vs similar funds:
Frequently asked questions
Does HBMX pay monthly?
No. HBMX currently pays annual, not monthly.
What is HBMX's expense ratio?
HBMX's expense ratio is 0.95%.
When does HBMX pay a dividend?
HBMX pays annual.
How has HBMX performed?
Total return is -41.4% over the past 0.4 years, 38.4 points behind SPY at -3.0%.
More securities from Tuttle Capital Management.
Tickers
Holdings as-of date unavailable.
| Ticker | Name | Weight |
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