BUILDOUT is Reserve's basket for broad AI hardware exposure, here's what's actually inside

BUILDOUT is one of Reserve's five DTFs and it's the broadest of the group, 25 constituents spanning the full AI hardware chain rather than one layer of it. NVDA, TSM, AVGO, and MU each sit at a 10% cap, the max weight any single name can hold in the basket, with the rest spread across the other 21 names. Aggregate market cap across the basket runs around $16.7T, so this isn't a niche corner of the market, it's most of the companies actually building the hardware AI runs on.

The basket holds Ondo Global Markets tokenized equities, each backed 1 to 1 by a real share sitting in a regulated US brokerage account. Minting and redeeming stays permissionless, which keeps the token's market price anchored to the value of what's actually inside the basket. Rebalancing happens quarterly through onchain Dutch auctions, so the constituent list and weights update on a fixed public schedule rather than a fund manager making discretionary calls.

Disclosure, I work with the Reserve team. I like BUILDOUT specifically because the 10% cap keeps any one name, even NVDA, from dominating the basket the way it would in a plain market cap weighted index. This is an experimental product and can lose value, so do your own research before touching it. Full breakdown and current holdings here.

Not investment advice. Full terms and risks: reserve.org/terms_and_conditions