PRAM ETF — Defiance Memory & Photonics ETF

Defiance Memory & Photonics ETF (PRAM)

PRAM is an ETF that tracks the Solactive Memory and Photonics Index. As of September 3, 2026, its expense ratio is 0.65%.

Defiance Memory & Photonics ETF is a passively managed fund that tracks the Solactive Memory and Photonics Index, providing exposure to global companies with business in memory semiconductors, data storage, and photonics. The fund listed on Cboe in August 2026 and charges an expense ratio of 0.65%. It appeals to investors seeking a single-ticker sleeve of memory and photonic infrastructure rather than a broad technology index.

PRAM key facts

Data as of September 3, 2026.

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

08/26/2026

Expense ratio

0.65%

Distribution frequency

None

30-day SEC yield

0.00%

Last close

$23.85

NAV

$23.90

Premium / discount

0.21% discount

AUM

$248,886

Average volume

64762.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. The 30-day SEC yield (0.00%) is the SEC standardized figure when we have it. An issuer may publish a different SEC or TTM yield using another as-of date or share-class convention. 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. Figures below use Dividend Vision data as of September 3, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 3, 2026.

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.

Who may consider PRAM — and who may not

It is a weaker fit for investors who need monthly cash flow (PRAM does not currently distribute); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Defiance ETFs.