Memory Income Fund
Tuttle Capital Unveils Memory Stack Income Blast ETF for Weekly Distributions
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Tuttle Capital Management officially launched the Tuttle Capital Memory Stack Income Blast ETF (DRMP) on June 11, 2026, on the Cboe BZX Exchange. The fund targets income investors who want exposure to the booming memory chip sector — a market that could hit 30% of all data center spending by the end of 2026, according to StreetInsider.
CEO Matthew Tuttle argues that memory chips are the real AI story right now. "Memory is taking over Hyperscaler CapEx," he said. The fund uses a put credit spread strategy to pay out income every week, while keeping investors exposed to any upside in memory stocks.
How DRMP Turns Memory Stocks Into Weekly Income
DRMP combines a concentrated portfolio of 20 to 35 memory-related stocks with a systematic options strategy called put credit spreads. Unlike covered calls — which cap how much you can gain — put spreads let investors keep their full upside. Tuttle was direct about his view: "I don't like covered calls... you're sacrificing your upside," he told The Daily Upside.
The fund pays distributions every week. Its expense ratio is 0.95%. To qualify for the portfolio, a company must earn at least 25% of its revenue from memory products or services. The fund must keep at least 80% of its net assets in these "Memory Stack Companies," per SEC filings.
Memory Chips Move From Commodity to AI Bottleneck
For years, memory chips were seen as boom-bust commodities. That has changed fast. The rise of generative AI requires a new type of memory called High-Bandwidth Memory, or HBM — stacked chips that move data much faster than traditional DRAM. These chips have become a key physical limit on how fast AI can scale, according to Benzinga.
Tuttle built DRMP around this shift. The fund can hold companies of any size and include non-U.S. developed market firms. It caps exposure to emerging markets at 20% of net assets. That limit quietly aligns the fund with U.S. CHIPS Act goals, which favor domestic and allied supply chains, per the SEC prospectus.
DRMP Enters a Crowded Market Already Worth Billions
DRMP is not the first fund to chase the memory chip wave. Roundhill Investments launched the Roundhill Memory ETF (DRAM) earlier in 2026 and has already pulled in over $14 billion in assets, according to Benzinga. That gives DRMP a very large and well-funded competitor right out of the gate.
Tuttle's answer is concentration and active management. DRMP holds 20 to 35 stocks versus the broader mix in passive funds. Tuttle himself serves as portfolio manager, which means fund performance depends heavily on his timing of options trades. DRMP also launched just nine days after Tuttle's growth-focused twin fund, the Concentrated Memory Stack ETF (HBMX), debuted on June 2, per Cboe Global Markets.
Real Risks Behind the Weekly Payout Promise
Critics raise two main concerns. First, Tuttle has shut down funds before. Past products like SJIM and LJIM were liquidated, which some investors on forums like Reddit point to as a reason for caution about long-term viability. Second, high weekly payouts can cause NAV erosion — where the fund's share price slowly falls because it is paying out more than it earns, according to Benzinga.
Morningstar warns that memory chips are still subject to classic oversupply cycles. If chip prices fall hard, the options strategy may not fully protect investors. Retirees and yield-focused retail investors are the fund's core target audience. They stand to collect steady weekly income — but they also carry the full risk of a memory market downturn.
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