AMDL Fees and Costs — GraniteShares 2x Long AMD Daily ETF
Data updated: 2026-09-11
The net expense ratio is 1.07%: a 0.99% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $476K in broker commissions, 0.0575% of average net assets.
AMDL Fees and Expenses
Annual operating expenses and sales charges of AMDL. Prospectus, as of October 24, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 1.07% |
| Fee waiver | — |
| Net expense ratio | 1.07% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AMDL Costs Over Time
On $10,000 invested in AMDL, assuming 5% a year before costs, total costs come to $703 over 5 years, cutting the return by 1.18% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.07%) | $112 | $350 | $606 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $118 | $387 | $703 |
| Value after costs | $10,382 | $11,189 | $12,059 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
AMDL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0575%
- Total broker commissions: $476K
- Bought from dealers (principal trades, not a cost): $9.2B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
AMDL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $476K | 100.00% |
AMDL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $8.1B | 88.37% |
| WELLS FARGO SECURITIES, LLC | $363.8M | 3.95% |
| CREDIT SUISSE SECURITIES (USA) LLC | $249.5M | 2.71% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $161.9M | 1.76% |
| Marex Capital Markets Inc. | $134.6M | 1.46% |
| Cowen Financial Products | $86.5M | 0.94% |
| CANTOR FITZGERALD & CO. | $74.0M | 0.80% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.