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PRAM ETF — Defiance Memory & Photonics ETF
Defiance Memory & Photonics ETF (PRAM)
Updated October 16, 2026.
Verdict as of October 19, 2026
PRAM's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, low confidence). The latest recorded payment is $0.0191 (ex-date September 23, 2026).
Sources: Defiance ETFs page for PRAM, Section 19a-1 notices, scoring methodology.
PRAM is an ETF that tracks the Solactive Memory and Photonics Index. its trailing-12-month yield is 0.09%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is -20.8% over the past 0.1 years, 20.0 points behind SPY at -0.8%.
Defiance Memory & Photonics ETF is an equity fund that tracks the Solactive Memory and Photonics Index, investing at least 80% of its net assets in memory and photonics companies with a non-diversified portfolio. The fund has a low distribution rate and makes quarterly distributions, though its latest payout was special and may not recur regularly; it carries an expense ratio of 0.65%. This fund appeals to investors seeking targeted exposure to the memory and photonics technology sectors.
PRAM dividend yield and income
Price as of 2026-10-16.
Trailing-12-month yield (0.09%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.019105. The ex-dividend date is 09/23/2026. The payment date is 09/24/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-23 | $0.0191 | — |
| 2026 YTD total (partial launch year) | $0.0191 | — |
PRAM holdings and sector exposure
Holdings are not available for this snapshot.
PRAM performance versus SPY
Price and return data through 2026-10-16.
Total return is -20.8% over the past 0.1 years, 20.0 points behind SPY at -0.8%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -13.4% | — |
| YTD | -20.8% | — |
| Since inception (0.1 years) | -20.8% | — |
PRAM key facts
- Distribution Safety Score™
- 50 · Unproven
- Issuer
- Defiance ETFs
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 08/26/2026
- Expense ratio
- 0.65%
- Distribution frequency
- Quarterly
- Trailing yield
- 0.09%
- Last close
- $20.37 (stale; as of 2026-10-16)
- AUM
- $6,527,312
- Average volume
- 13900.0
- Dividend
- $0.019105
- Ex-dividend date
- 09/23/2026
- Payment date
- 09/24/2026
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.09%) 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: Defiance ETFs or company page; Index: Solactive Memory and Photonics Index; 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.
PRAM risks and drawbacks
Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window.
Who may consider PRAM — and who may not
It is a weaker fit for investors who need monthly cash flow (PRAM pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on PRAM
Frequently asked questions
Does PRAM pay monthly?
No. PRAM currently pays quarterly, not monthly.
What index does PRAM track?
PRAM tracks the Solactive Memory and Photonics Index.
What is PRAM's expense ratio?
PRAM's expense ratio is 0.65%.
When does PRAM pay a dividend?
PRAM pays quarterly. The dividend amount is $0.019105. The ex-dividend date is 09/23/2026. The payment date is 09/24/2026.
How has PRAM performed?
Total return is -20.8% over the past 0.1 years, 20.0 points behind SPY at -0.8%.
Is PRAM a good investment?
PRAM's Dividend Vision Distribution Safety Score is 50 (Unproven). That is a risk signal, not investment advice. Compare peers below rather than treating any single figure as a buy or sell.
More securities from Defiance ETFs.
Tickers
Holdings as-of date unavailable.
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