There's already a memory ETF out there. You may have seen it. It's gathered $1.5 billion in assets in a short period, and at first glance, it may look like a direct way to play the memory theme.
Look a little closer and the differences show up fast.
Nearly half the fund sits in the shares of two Korean conglomerates. Companies that make refrigerators, phones, and microwaves, alongside their memory operations. That's not a memory ETF. That's a Korea ETF with a memory label on it.
And two of the holdings? Hard disk drive companies. Storage, not memory. Slipped in under the same banner.
That doesn’t deliver clean memory exposure. If you want memory exposure, you should actually get memory exposure.
That's the gap HBMX was built to close. It’s a high-conviction portfolio — every holding must derive at least 25% of revenues from memory-related products or services. A leaner business mix. No cash drag. No HDD contamination. 20 to 35 names across the full memory stack.
Same thesis. Different execution.
Matt
Disclosure
Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus and other information, please call (833) 759-6110. Please read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal. There is no guarantee that the Fund will achieve its investment objective. Principal risks include: Market Risk; Semiconductor and Technology Industry Risk; Memory Semiconductor Risk (DRAM/NAND/HBM); Concentration Risk; Active Management Risk; Non-Diversification Risk—the Fund may invest a higher percentage of its assets in fewer issuers than a diversified fund; Derivatives Risk; Foreign Securities Risk; Micro-, Small-, and Mid-Capitalization Company Risk; ETF Trading Risk—shares may be bought and sold at market price, which may be above or below NAV; and New Fund Risk. The Fund has no operating history.
ETF shares are bought and sold at market price (not NAV) and are not individually redeemable from the Fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern Time.
The Tuttle Capital Concentrated Memory Stack ETF (HBMX) is distributed by Foreside Fund Services, LLC, which is not affiliated with Tuttle Capital Management, LLC.
For a prospectus with this and other important information about the fund, please call (833) 759-6110.