ETF Evaluator:
Tuttle Capital Meme Stock Inc Blst ETF ()
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(as of Aug 21)
Best Performing in Derivative Income Over the Last Year
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ETF Details
Tuttle Capital Meme Stock Inc Blst ETF Overview
Tuttle Capital Meme Stock Inc Blst ETF (MEMY) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). Tuttle Capital Management, LLC launched the ETF in 2026.
The investment seeks current income. The fund’s secondary investment objective is to seek exposure to the share price of select securities that are generally characterized as “MEME STOCKS”.
The fund is an actively managed exchange-traded fund (“ETF”) that invests at least 80% of its net assets (plus any borrowings for investment purposes) in select securities that the adviser characterizes as “Meme Stocks”. A meme stock is a stock that gains popularity among retail investors through social media. The fund is non-diversified.
About Tuttle Capital Meme Stock Inc Blst ETF (MEMY)
There are 1 members of the management team with an average tenure of 0.54 years: Matthew Tuttle (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Tuttle Capital Meme Stock Inc Blst ETF has 99 securities in its portfolio. The top 10 holdings constitute 112.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Tuttle Capital Meme Stock Inc Blst ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. Tuttle Capital Meme Stock Inc Blst ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 3.9% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Tuttle Capital Meme Stock Inc Blst ETF has 96.8% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MEMY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Tuttle Capital Meme Stock Inc Blst ETF expense ratio is high compared to funds in the Derivative Income category. Tuttle Capital Meme Stock Inc Blst ETF has an expense ratio of 0.99%, which is 19% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Tuttle Capital Meme Stock Inc Blst ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.
Recently, in the month of July 2026, Tuttle Capital Meme Stock Inc Blst ETF returned -23.0%, which earned it a grade of F, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Tuttle Capital Meme Stock Inc Blst ETF has a trailing yield of 0.00%, which is below the 19.96% category average.
The fund normally distributes its income weekly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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MEMY Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MEMY Return (NAV) | -23.0% | -15.5% | na | na | na | na |
| MEMY Return (Price) | -19.3% | -15.8% | na | na | na | na |
| NAV +/- Price Return | -3.680% | 0.326% | na | na | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| MEMY Grade (NAV) | F | F | na | na | na | na |
| +/- Category (NAV) | -21.5% | -16.1% | na | na | na | na |
| MEMY Tax-Cost Ratio | na | na | na | na | na | na |
MEMY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MEMY Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| MEMY Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Derivative Income Avg | 2.6% | 10.6% | 18.5% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| MEMY Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | na |
| Expense Ratio: | 0.99% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Weekly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.5 years | |||
| Average Tenure: 0.5 years | |||
| Managers (Year): Tuttle Matthew (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 99 |
| % in Top 10 Holdings: | 112.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 3.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.7% |
| Cash: | 96.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Tuttle Capital Management, LLC |
| Phone Number: | 833-759-6110 |
| Website: | |
| Inception Date: | January 16, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.99% (Rating: High) |
| Category Average Expense Ratio (%): | 0.83% |
