STKd 100% NVDA & 100% AMD ETF (LAYS) is an actively managed exchange-traded fund that seeks long-term capital appreciation by providing leveraged exposure to NVIDIA Corporation (NVDA) and Advanced Micro Devices, Inc. (AMD), two leading semiconductor companies driving artificial intelligence, gaming, high-performance computing, and cloud computing innovations. The fund achieves its investment objective through derivatives, including swap agreements and listed options contracts, to deliver the economic effect of 200% long exposure to these underlying securities; it holds positions such as NVIDIA and AMD swaps alongside cash equivalents and government obligations for collateral. With a net expense ratio of 1.29%, LAYS targets investors seeking concentrated exposure to semiconductor leaders amid digital transformation trends.
Launched on March 5, 2025, and domiciled in the United States, the ETF trades on the Nasdaq under the ticker LAYS and is issued by Quantify Funds, an SEC-registered investment advisor based in the U.S. that specializes in innovative ETFs blending traditional principles with modern strategies. Quantify Funds manages LAYS alongside other single-stock focused ETFs such as APED (STKd 100% MSTR & 100% COIN ETF), SPCY (STKd 100% SMCI & 100% NVDA ETF), and ZIPP (STKd 100% UBER & 100% TSLA ETF). The fund's portfolio emphasizes derivative income strategies within the large-cap U.S. equities segment, with no direct stock holdings but significant leverage risk from its swaps and options.
Since inception, LAYS has grown its assets under management to approximately $5 million, reflecting investor interest in NVDA and AMD amid AI sector growth, with no reported dividends paid to date. The fund represents Quantify Funds' expansion into stacked ETF products focused on high-growth tech pairs, with no major acquisitions, funding rounds, partnerships, or product relaunches announced in the past nine months as of late 2025. Operations remain centered in the U.S. market, available to domestic investors through major platforms.