Adaptive Hedged Multi-Asset Income ETF (AMAX)

Assets	$63.02M
Expense Ratio	1.36%
PE Ratio	n/a
Shares Out	7.77M
Dividend (ttm)	$0.84
Dividend Yield	10.36%
Ex-Dividend Date	Apr 29, 2026
Payout Frequency	Monthly
Payout Ratio	n/a

Volume	24,143
Open	8.08
Previous Close	8.12
Day's Range	8.04 - 8.09
52-Week Low	7.55
52-Week High	8.44
Beta	0.48
Holdings	25
Inception Date	Oct 2, 2009

About AMAX

Fund Home Page

The Adaptive Hedged Multi-Asset Income ETF (AMAX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a global portfolio of equities and fixed income securities aiming for total return. The fund uses a market trend model to initiate periods of hedging. AMAX was launched on Oct 2, 2009 and is issued by Adaptive Investments.

• Asset Class: Asset Allocation
• Category: Nontraditional Bond
• Stock Exchange: NYSEARCA
• Ticker Symbol: AMAX
• ETF Provider: Adaptive Investments

Top 10 Holdings

94.02% of assets

Name	Symbol	Weight
iShares 20+ Year Treasury Bond ETF	TLT	20.44%
FT Vest Gold Strategy Target Income ETF	IGLD	12.85%
State Street® SPDR® S&P 500® ETF	n/a	12.52%
Cash	n/a	11.07%
iShares Bitcoin Trust ETF	IBIT	8.49%
Strategy Inc	MSTR	8.43%
State Street SPDR Portfolio S&P 500 Growth ETF	SPYG	5.97%
VanEck Gold Miners ETF	GDX	5.12%
Fidelity Government Portfolio	FIGXX	5.09%
UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037	USOI	4.05%

Dividend History

Ex-Dividend	Amount	Pay Date
Apr 29, 2026	$0.077	Apr 30, 2026
Mar 30, 2026	$0.0769	Mar 31, 2026
Feb 26, 2026	$0.0816	Feb 27, 2026
Jan 29, 2026	$0.0839	Jan 30, 2026
Dec 30, 2025	$0.0675	Dec 31, 2025
Nov 26, 2025	$0.06515	Nov 28, 2025

Performance

AMAX had a total return of 16.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.34%.