PRAM ETF Series Solutions - Defiance Memory & Photonics ETF
Quote as of Oct 26, 2026 15:00 UTC · Quotes are refreshed hourly from the data provider, so during market hours a price can be up to about 1–2 hours old; each quote shows its own timestamp.
| Previous Close | 19.72 | Day Range | 19.48 – 19.88 |
| 52-Week Range | 19.37 – 30.40 | Volume | 9.97K |
| Avg Volume | 29.75K | AUM | $5.3M (Oct 26, 2026) |
| Expense Ratio | 0.65% | Yield (TTM) | 0.10% |
| NAV | 19.72 | Premium/Discount | +0.81% indicative |
| Inception | Aug 26, 2026 | Holdings | 3 |
| Issuer | Defiance | Exchange | CBOE |
| Category | — | Index Tracked | Not stated in source data |
| CUSIP | 26922B279 | ISIN | US26922B2795 |
| Management | Not stated in source data | ||
About this ETF
PRAM focuses on AI demand by targeting its supply chain, including companies in the memory and photonics sectors. These companies store data and help move data rapidly between chips, servers, and data centers using light. The index includes equity securities globally, with the following business exposure: data storage drives and peripherals, semiconductors, including flash memory, volatile memory, networking, RF analog and mixed signal, and other memory semiconductors, and optoelectronics electronic components. Companies must be listed on one of these exchanges: NASDAQ, NYSE, HKEX, Taiwan Stock Exchange (including Taipei Exchange), Korea Exchange, OMX Nordic Stockholm, and Tokyo Stock Exchange. The index targets the 20 largest securities and weights them equally. It undergoes quarterly rebalancing. PRAM may invest directly in stocks or in derivatives that have the same exposure as the index components.
Description from the fund data provider · profile as of Oct 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -23.92% | — | — | — | — | — | — | — | -23.36% |
| Total return | -23.92% | — | — | — | — | — | — | — | -23.30% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 23, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.65% | Annual cost of a $10,000 investment | $65.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Oct 24, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 3 holdings stored.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | SOLACTIVE MEMORY AND PHOTONICS INDEX-SWAP-BNPP-L | — | 100.07% | 334 | $5.3M |
| 2 | First American Government Obligations Fund… | — | 99.64% | 5.30M | $5.3M |
| 3 | Cash & Other | — | -99.71% | -5.31M | -$5.3M |
Click a ticker to see every ETF that owns it.
Distributions
| Yield (TTM) | 0.10% | Paid (last 12 months) | $0.0190 |
| Frequency | Irregular | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 23, 2026 | Last payment | $0.0190 (Sep 24, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 23, 2026 | Sep 23, 2026 | Sep 24, 2026 | $0.0190 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
Liquidity
| Volume today | 9.97K | Average volume | 29.75K |
| AUM | $5.3M | Premium/Discount | +0.81% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Week | -$739.2K | -11.54% | $6.4M → $5.3M |
| 1 Month | -$1.5M | -16.55% | $8.9M → $5.3M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for PRAM
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.