Roundhill Memory ETF is an actively managed thematic ETF designed to provide focused exposure to global memory and storage companies. The fund targets businesses whose revenues or profits are tied to HBM, DRAM, NAND flash, SSDs, NOR flash, HDDs, embedded memory, and related memory assets. Its thesis is closely linked to AI data centers, inference workloads, memory bandwidth, capacity expansion, and memory pricing cycles. As a narrow thematic ETF, DRAM can express a view on the memory layer of AI infrastructure, but it also carries elevated concentration, semiconductor-cycle, regional-market, and currency risks.