DRAM is concentrated by design. The top three holdings, Samsung Electronics at 25%, SK hynix at 24%, and Micron Technology at 24%, account for 73% of net assets. The remaining sleeve spreads across Kioxia, Sandisk, Western Digital, Seagate, Nanya, and Winbond. Geographically, 49% of the fund sits in South Korea, 38% in the United States, and 6% in Taiwan. The expense ratio is 0.7%, and total net assets remain small at about $250,000, which means trading liquidity will be a real consideration for larger positions.
