Adaptive Hedged Multi-Asset Income ETF (AMAX)

Assets	$21.24M
Expense Ratio	1.36%
PE Ratio	25.32
Shares Out	2.88M
Dividend (ttm)	$0.63
Dividend Yield	8.50%
Ex-Dividend Date	Mar 28, 2025
Payout Ratio	215.26%
1-Year Return	-7.63%

Volume	6,010
Open	7.45
Previous Close	7.40
Day's Range	7.34 - 7.46
52-Week Low	7.31
52-Week High	8.22
Beta	0.48
Holdings	29
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

89.52% of assets

Name	Symbol	Weight
iShares 20+ Year Treasury Bond ETF	TLT	21.02%
SPDR® S&P 500® ETF Trust	n/a	19.24%
UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033	GLDI	12.42%
Invesco QQQ Trust Series I	QQQ	9.93%
MicroStrategy Incorporated	MSTR	8.56%
iShares Bitcoin Trust ETF	IBIT	7.39%
Cash	n/a	3.13%
YieldMax AAPL Option Income Strategy ETF	APLY	2.64%
YieldMax MSFT Option Income Strategy ETF	MSFO	2.60%
YieldMax META Option Income Strategy ETF	FBY	2.60%

Dividends

Ex-Dividend	Amount	Pay Date
Mar 28, 2025	$0.05215	Mar 31, 2025
Feb 27, 2025	$0.0515	Feb 28, 2025
Jan 30, 2025	$0.05225	Jan 31, 2025
Dec 30, 2024	$0.0525	Dec 31, 2024
Nov 29, 2024	$0.0532	Dec 2, 2024
Oct 30, 2024	$0.0535	Oct 31, 2024