Mountainside, N.J. – September 15, 2026 -- Yorkville America Equities, LLC launched the Next Generation Memory Index ETF (NRAM) on September 10, 2026, giving investors direct exposure to the memory and storage layer underpinning artificial intelligence infrastructure.
NRAM begins trading on NYSE Arca and NYSE Texas with a 0.60% expense ratio
The passively managed fund tracks the YA MarketVector Next Generation Memory Index (MVRAM), effective August 28, 2026, and pays distributions annually with quarterly index rebalancing.
Index caps concentration risk through tiered weighting rules
MVRAM targets 20 constituents selected for their role in designing, developing, manufacturing or supplying physical memory technologies. Dedicated memory companies are capped at 15% of index weight, while diversified memory companies are capped at 4.5%, using a modified float-adjusted market-capitalization methodology.
CEO frames memory capacity as AI's emerging bottleneck
Steve Neamtz, CEO of Yorkville America, said memory and storage capacity, not chip design alone, represent the constraint that AI computing cycles increasingly run into. NRAM gives investors exposure to that infrastructure layer without betting on a single semiconductor manufacturer.
Tidal Investments serves as sub-adviser; PINE Distributors handles distribution
Tidal Investments, LLC is sub-adviser to the fund, while PINE Distributors LLC serves as distributor; neither firm is affiliated with Yorkville America Equities. The underlying index is administered by MarketVector Indexes, a Germany-incorporated benchmark provider that operates under IOSCO's Principles for Financial Benchmarks and partners with more than 25 exchange-traded product issuers managing over $160 billion in assets.