● LAUNCHED Began trading Aug 25, 2026. First of 4 distributions $0.4160, ex-dividend Sep 9, 2026. Every payment charted from that first one.
This fund is paying. Its record starts at the first check and every distribution is charted as it lands. A green LAUNCHED badge here means it's live and our launch tracker has logged it.
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What YRAM Does, Per the Filing
YRAM began trading August 25, 2026 and is no longer a filing. It has paid 4 weekly distributions: $0.416 ex September 9, $0.39 ex September 16, $0.42 ex September 23 and $0.421 ex September 30, $1.647 per share in total. The issuer put the first check at $0.4155 and its own 19a notice estimated 99.81% of it as return of capital, which is normal for an option fund two weeks old and worth re-reading as the book matures. The gross expense ratio is 0.99% and the share price was $54.30 on September 30, 2026. Every payment is charted on its payment history page, which recomputes nightly.
Per its registration filing, YRAM targets the memory-chip supply chain: an actively managed portfolio of memory and storage device companies with an options overlay generating income, plus up to ten percent in cash or Treasuries. Income and capital appreciation are both stated objectives.
The filing defines five buckets: memory semiconductor manufacturers (the DRAM and NAND flash makers), memory-focused integrated device manufacturers (vertically integrated memory specialists, explicitly not diversified chip companies), specialized memory designers (fabless and IP shops working on memory architectures and interfaces), controller and interface makers (SSD controllers, memory interface chips), and storage device manufacturers (the SSD and hard-drive builders). Any market cap, U.S. or international, screened for options liquidity.
The theme is well-timed on paper: memory pricing and AI data-center demand have made this corner of the chip industry unusually volatile — and volatility is the raw material option-income funds sell. Whether that translates into attractive distributions can't be known until real payments exist.
What Nobody Can Know Yet
YRAM has paid 4 times, so there is a short record rather than a settled one, no real yield, and no evidence of how its strategy behaves across a full cycle. One check cannot be annualised into a yield, and anyone doing it is quoting a projection. Filings also get delayed, renamed, or quietly abandoned; this page's status updates daily either way. From here we chart every payment from its very first one, free.
One email the day a new income fund launches — nothing else, ever. We watch the issuers' own sites continuously; you hear before the videos exist.
Frequently Asked Questions
When did YRAM launch?
It launched Aug 25, 2026. The registration was first seen in SEC records dated Dec 11, 2025; issuers typically launch within months of filing, but filings can also stall. The status box above updates daily, and the launch tracker shows everything else on the runway.
What will YRAM pay?
It has paid 4 times. The first was $0.4160, ex-dividend Sep 9, 2026. One check is a data point, not a yield, and this page will not annualise it. The strategy is option-income, so distributions would depend on real option premiums once live.
How is YRAM different from a semiconductor ETF?
Two ways, per the filing: it deliberately narrows to memory and storage rather than the whole chip industry, and it layers an option-selling strategy on the portfolio to pay income — a general semiconductor index fund does neither.