XFUNDS Memory Income ETF (DRMY)

The XFUNDS Memory Income ETF (DRMY) is an exchange-traded fund offered by XFUNDS. Based on its name, it combines exposure to the computer memory chip industry with an income-oriented strategy.

Funds of this type usually hold, or gain synthetic exposure to, memory-related semiconductor companies or a memory-focused ETF, and sell options to generate regular distributions. Selling options produces income but limits how much of the gains in the underlying shares the fund can capture.