PRAM ETF — Defiance Memory & Photonics ETF

Defiance Memory & Photonics ETF (PRAM)

Updated October 8, 2026.

PRAM is an ETF that tracks the Solactive Memory and Photonics Index. its trailing-12-month yield is 0.08%, its expense ratio is 0.65%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is -3.0% over the past 0.1 years, 3.6 points behind SPY at 0.6%.

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 performance versus SPY

Price and return data through 2026-10-08.

Total return is -3.0% over the past 0.1 years, 3.6 points behind SPY at 0.6%.

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

0.08%

Last close

$24.93 (as of 2026-10-08)

AUM

$9,511,884

Average volume

14259.0

Last dividend

$0.019105

Last ex-dividend date

09/23/2026

Last payment date

09/24/2026

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 (0.08%) 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. 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 hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Defiance ETFs.