ETF Report: DEFIANCE DAILY TARGET 2X LONG AMAT ETF (AMA)

What this ETF is trying to do

The DEFIANCE DAILY TARGET 2X LONG AMAT ETF (ticker: AMA) is an exchange-traded fund listed on the NASDAQ. This specific ETF is classified as a leveraged fund. Leveraged funds are designed to amplify the movements of an underlying asset.

What the numbers show

As of October 2, 2026, the current price of AMA is $28.12.

Currently, there is no data available for the fund's performance over different time periods. This means that year-to-date (YTD) price returns, one-year price returns, and three-year price returns were not supplied. Because these performance numbers are missing, we cannot see how the share price has changed recently.

Income and distribution explanation

Some investors look for ETFs that pay them cash regularly, which is called a "distribution." For this ETF, the distribution yield is 0%. The data shows that no distributions were detected over the last 12 months. Because there are no payouts, the income rating for this fund is an "F" grade.

NAV erosion explanation

"NAV erosion" refers to a situation where the value of the underlying assets in the fund decreases over time. StockValueFinder uses an "erosion score" to measure this risk. For AMA, the erosion score is currently withheld because there is not enough verified price history to provide a score. There is no "severe erosion-risk flag" active for this fund at this time.

Top Holdings

The following is the list of top holdings for this ETF. Please note that holdings can change over time.

• FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX): 10.69%

Pros

• The fund is currently not showing a severe erosion-risk flag.

Cons

• This is a leveraged ETF, which means it carries different risks than standard funds.

• There is no recorded history of cash distributions or income for this fund.

• There is currently insufficient price history to determine a verified erosion score or performance returns.

Beginner takeaway

This ETF is a leveraged product that does not currently pay out cash distributions to investors. Because the performance data and erosion scores are not available, it is difficult to see how the share price has behaved in the past. Always remember that leveraged funds move more intensely than regular funds, and a lack of historical data means there is less information available to study its trends.