Ask many investors where the action is in AI and they'll point to one place: Compute. And they're not wrong. But that's only part of the story.
An AI system is only as fast as its slowest link. You can have all the processing power in the world, but if data can't move in and out of memory fast enough, the whole system stalls.
Memory is one of the real constraints on AI performance, and it's the one the market is least interested in.
The spending and the news spotlight the obvious layers. Memory does the quiet, essential work, and it's often overlooked relative to its role.
SemiAnalysis estimates memory jumps from about 8% of hyperscaler capex in 2023 to roughly 30% in 2026. A near 4x shift in four years, and it's still climbing.
The Tuttle Capital Memory Stack Income Blast ETF (ticker: DRMP) is built to target that exact constraint.
At least 80% of assets in the memory ecosystem and the packaging around it. Actively selected by our team, roughly 20 to 35 names. It does not track an index. We pick the ones we believe matter.
But here's where DRMP is different from just owning the theme.
On top of that memory exposure, we run a put credit spread strategy designed to generate current income, with distributions the fund intends to make weekly.
So you're not just waiting for the bottleneck to pay off. You're seeking to get paid while it does.
Memory is non-diversified and concentrated by design, so it can move hard in both directions. The options strategy is not designed to protect against losses on declining markets.
→ See what's inside DRMP: incomeblastetfs.com/etf/drmp
- Matt
Disclosure
Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus with this and other information about the Fund, please call (833) 759-6110 or visit incomeblastetfs.com/etf/drmp. Please read the prospectus carefully before investing.
Investing involves risk, including the possible loss of the entire principal amount invested. The Fund is new and has a limited operating history. The Fund is non-diversified and concentrated in the memory semiconductor ecosystem, which may make it more volatile than diversified funds.
The Fund's option strategy (a put credit spread) is designed to generate income by collecting option premiums; it is uncovered and is NOT designed to mitigate losses in the event of a market decline. The Fund currently expects, but does not guarantee, to make distributions on a weekly basis. Distributions may exceed the Fund's income and gains and may include a return of capital, which reduces a shareholder's cost basis and the Fund's NAV and does not represent yield or income. There is no guarantee regarding the portion of any distribution that will be classified as a return of capital versus income. Distribution rates may not be sustainable.
Principal risks of an investment in the Fund include the following. An investment is not a complete investment program, and you could lose all of your money.
• Market risk – Securities prices fluctuate in response to economic, financial, and political events affecting the market, market segments, or specific issuers, and the Fund's NAV and market price may fall significantly as a result.
• Equity securities risk – The Fund invests primarily in equities, whose prices may decline over short or extended periods due to general market conditions or factors affecting specific issuers or industries.
• Semiconductor and technology industry risk – Holdings are concentrated in semiconductor and technology companies, which face rapid technological change, product obsolescence, short product cycles, pricing pressure, high R&D and capital costs, intense competition, and reliance on intellectual property and supply chains, making their performance highly volatile.
• Memory semiconductor risk (DRAM/NAND/HBM) – Memory companies are affected by cyclical pricing, sharp swings in supply and demand, and customer concentration; oversupply can cause steep price declines and margin compression, and HBM growth depends on AI infrastructure deployment that may slow or disappoint.
• Advanced packaging and OSAT risk – Companies in advanced packaging, OSAT, substrates, and interconnects are exposed to technological transitions, qualification cycles, customer concentration, and the capital-spending patterns of chipmakers and foundries, and face execution risk in scaling new packaging technologies.
• Concentration risk – Because the Fund focuses on a narrow theme within the semiconductor ecosystem, it may be more volatile than diversified funds, and its performance is closely tied to trends affecting memory semiconductors and related technologies.
• Derivatives risk – Derivatives derive their value from a reference asset and may pose risks greater than direct investment, including imperfect correlation, leverage, volatility, and reduced liquidity; because they require only a limited initial investment relative to exposure, losses may exceed amounts invested.
• Options risk – Option prices can change rapidly and do not necessarily move in tandem with the underlying security; the Fund's option-writing strategy is designed to generate income through premiums but is not designed to mitigate losses in a market decline.
• Put spread strategy risk – The Fund's put credit spread positions are not covered and involve substantial risk, including losses if the underlying declines below the lower strike, volatility affecting option premiums, and possible assignment on sold puts requiring purchases at unfavorable prices.
• Counterparty risk – The Fund's options are generally centrally cleared, so it relies on clearing members and clearing houses; its margin may be commingled and used to cover other clients' losses, and a clearing member's default or unwillingness to transact could impair the Fund's ability to implement its strategy.
• Liquidity risk – Primarily through its derivatives, the Fund may be unable to sell investments, or to do so at a reasonable price; derivatives may be illiquid, and price limits or position limits may prevent profitable liquidation, increasing potential losses.
• Active management risk – The Fund is actively managed and does not track an index, so its performance depends on the Adviser's investment techniques and judgments, which may prove incorrect.
• Foreign and emerging markets risk – Non-U.S. investments involve currency fluctuations, differing accounting and disclosure standards, less liquidity, greater volatility, and political or regulatory instability; these risks are heightened in emerging markets such as Taiwan and South Korea, which face greater inflation, political turmoil, and custody and valuation risks.
• Non-diversification risk – As a non-diversified fund, it may invest a high percentage of assets in a few issuers or counterparties, increasing volatility and the risk that performance declines based on a single issuer, counterparty, or economic, political, or regulatory event.
• New fund risk – The Fund has no operating history and fewer assets than larger funds, and large inflows or outflows may affect its market exposure for limited periods.
Tuttle Capital Management, LLC is the investment adviser to the Fund. The Fund is distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tuttle Capital Management, LLC. Shares are listed on Cboe BZX Exchange, Inc.