PRAM — Defiance Memory & Photonics ETF

PRAM Fund Overview

PRAM — Defiance Memory & Photonics ETF is a US ETF managed by ETF Series Solutions, categorised as Emerging Markets Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: ETF Series Solutions
• Category: Emerging Markets Growth Equity
• Ticker: PRAM
• SEC CIK: 0001540305
• SEC series ID: S000107092
• Share class ID: C000277979

PRAM Investment Objective and Strategy

Defiance Memory & Photonics ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by ETF Series Solutions.

Investment objective

The Defiance Memory & Photonics ETF (the “Fund” or the “Memory & Photonics ETF”) seeks to track the total return performance, before fees and expenses, of the Solactive Memory and Photonics Index (the “Index”).

Principal investment strategy

The Fund uses a “passive management” (or indexing) approach to track the total return performance, before fees and expenses, of the Index. Solactive Memory and Photonics Index The Index is a rules-based index that tracks the performance of a portfolio of global companies with business activities in the photonics and memory industry, including data storage drives and memory semiconductors (“Memory & Photonics Companies”). Solactive AG, the index provider (the “Index Provider”), selects and maintains the eligible Index universe from constituents of the Solactive GBS Global Markets All Cap USD Index (the “Base Index”), which tracks the performance of securities of all market capitalization covering approximately the largest 100% of the free-float market capitalization in the global markets. Each Index constituent must (i) be listed on one of the following exchanges: NASDAQ, New York Stock Exchange, Hong Kong Exchange, Taiwan Stock Exchange (including Taipei Exchange), Korea Exchange, OMX Nordic Stockholm, or Tokyo Stock Exchange, (ii) have a minimum average daily value traded over one month and over six months of at least $1 million USD on Selection Day (defined below), (iii) have only one share class eligible for inclusion in the Index universe, and (iv) be classified in one of two Index Categories ( i.e.

, Memory or Photonics) based on their FactSet Revere Business Industry Classification System (“RBICS”) sub-industry or industry groups identified in the table below (collectively, the companies meeting such criteria are referred to as the “Index Universe”). Index Category RBICS Sub-Industry or Industry Group Classification Memory Data Storage Drives and Peripherals Memory Flash Memory Semiconductors Memory Volatile Memory Semiconductors Memory Networking Semiconductors Memory RF Analog and Mixed Signal Semiconductors Memory Other Memory Semiconductors Photonics Optoelectronics Electronic Components The Index Provider selects Index constituents in two steps: (i) all e

PRAM Costs and Fees

PRAM costs about $65 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.65%
• Gross expense ratio: 0.65%

PRAM Debt Constituents

No individual debt constituents are reported in Defiance Memory & Photonics ETF's latest SEC N-PORT filing.

PRAM Prospectus and SEC Filings

Official Defiance Memory & Photonics ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-08-10
• Prospectus supplement (497) — filed 2026-08-13

Related Funds

Other Emerging Markets Growth Equity funds tracked on ABC INVEST:

• Motley Fool Global Opportunities Fund (FOOLX)
• AMG Managers Special Equity Fund (MGSEX)
• CLS Global Aggressive Equity Fund (CLACX)
• Cavalier Growth Opportunities Fund (CATEX)
• The Tocqueville Opportunity Fund (TOPPX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.