Memory is getting a lot of attention right now. Which means a lot of people are going to trade it like one. They’ll be in when it's moving, out when it stalls, chasing the cycle.
That's fine. That's their game.
But if you're looking to actually own the memory layer of the AI build - not trade it, own it - that's a different conversation.
Here's the thing about bottlenecks. They don't resolve quickly. The GPU buildout didn’t play out in a few quarters. It developed over years. It comes down to approach. One trades the moves. The other holds the buildout.
Memory is a similar setup. AI demands continue to grow. Pressure on memory infrastructure is building, not fading. High-bandwidth memory, advanced packaging, stacking. This is the early innings, not the top of the ninth.
HBMX is built for that holding. 20 to 35 names across the full memory stack, actively managed, with a minimum 25% revenue threshold so every holding actually belongs there.
This is not a trading vehicle. And it’s not a momentum play. It’s exposure to a structural theme with potentially years of runway.
The traders will come and go.
But we believe this theme has years of runway ahead.
→ Take a closer look at HBMX
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