Share-split context: A reverse split was recorded on Jul 15, 2026 with coefficient 0.1. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

Understanding the T-REX 2X INVERSE AMD DAILY TARGET ETF (AMDD)

What this ETF is trying to do

The AMDD ETF is a specialized financial tool designed to track the inverse performance of AMD. It is both an "inverse" and a "leveraged" ETF. This means it uses financial strategies to aim for a return that is twice the opposite direction of AMD's daily performance. Because it is designed to move in the opposite direction of a specific stock, its value will change based on how that stock performs each day.

What the numbers show

The data shows significant share-price declines for this ETF over recent periods.

• Year-to-Date (YTD): The price return is approximately -77.39%. When including distributions, the YTD total return is approximately -76.65%.

• One-Year: The price return is approximately -79.52%. When including distributions, the one-year total return is approximately -78.50%.

It is important to note that "price return" only tracks the change in the share price, while "total return" includes the impact of distributions.

This ETF also has a history of a reverse split. In a reverse split, multiple old shares are combined into fewer new shares. This causes the quoted per-share price to rise mechanically, but it does not increase the actual value of the investment.

Income and distribution explanation

AMDD has a distribution yield of approximately 2.53%. Over the last 12 months, it has made 4 distributions, which usually happen on a quarterly basis. The most recent distributions were recorded on Tuesdays. While the ETF provides these cash payments, they are relatively small compared to the significant decline in the share price.

NAV erosion explanation

The ETF has a severe erosion-risk flag. This is because the split-adjusted price trend and the erosion score indicate substantial price deterioration. The erosion score is 10, which is labeled as "Severe price erosion."

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. While the market price has fallen significantly, we cannot use this price data alone to prove that the Net Asset Value (NAV) itself has collapsed.

Pros

• Provides a way to seek returns that move in the opposite direction of AMD's daily price movement.

• Offers a distribution yield, providing occasional cash payments to holders.

Cons

• High Risk: The ETF is both leveraged and inverse, which can lead to rapid value changes.

• Significant Price Decline: The data shows very large negative returns over the last year and year-to-date.

• Severe Erosion Risk: The fund has triggered a severe erosion-risk flag due to its price trends.

Beginner takeaway

AMDD is a highly complex, leveraged inverse ETF. It is designed to profit when a specific stock goes down, but it has experienced very large share-price declines recently. Investors should be aware that high price volatility and a severe erosion-risk flag are present, and the significant drop in share price means that distributions alone do not represent a positive total return.