GraniteShares 2x Long AMD Daily ETF

Frequently Asked Questions About AMDL

What does AMDL invest in?

This exchange-traded fund (ETF) aims to achieve daily investment results equivalent to twice (200%) the daily percentage movement of Advanced Micro Devices, Inc. (AMD, NASDAQ: AMD) common stock, prior to fees and expenses. However, the successful attainment of this daily objective is not guaranteed. Investors should note that the fund is not structured to deliver double the cumulative return of AMD for holding periods extending beyond a single day.

What is the expense ratio of AMDL?

GraniteShares 2x Long AMD Daily ETF (AMDL) charges an expense ratio of 1.07%. This is the annual fee deducted from fund assets to cover management and operations.

Is AMDL a good long-term hold?

AMDL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does AMDL's daily reset work?

AMDL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is AMDL?

GraniteShares 2x Long AMD Daily ETF (AMDL) manages $1.01B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is AMDL actively managed or an index fund?

AMDL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.