Defiance Leveraged Long + Income AMD ETF(NASDAQ:AMDU)

AMDU is an actively managed ETF pursuing two main strategies: leverage and income generation. The leverage strategy uses derivatives (swaps and options) to provide daily exposure of roughly 150% to 200% of Advanced Micro Devices (AMD) stock, aiming to amplify returnsthough this also increases risk and potential losses. The income generation strategy uses credit call spreadsselling a call option and buying a higher strike callto generate premium income and help manage risk from the leveraged exposure. While this can limit upside during sharp rallies in AMD, it helps offset losses and generate regular income, typically distributed weekly. The fund holds US government securities, money market funds, short-term bond ETFs, and high-quality corporate debt as collateral for its derivatives positions. The fund's exposure and leverage may be adjusted based on market conditions, derivative availability, and risk management considerations.