Adaptive Hedged Multi-Asset Income ETF (AMAX)

Assets	$48.68M
Expense Ratio	1.36%
PE Ratio	n/a
Shares Out	6.06M
Dividend (ttm)	$0.76
Dividend Yield	9.38%
Ex-Dividend Date	Jan 29, 2026
Payout Frequency	Monthly
Payout Ratio	n/a

Volume	1,059
Open	8.07
Previous Close	8.12
Day's Range	8.07 - 8.13
52-Week Low	7.06
52-Week High	8.44
Beta	0.48
Holdings	26
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

92.81% of assets

Name	Symbol	Weight
iShares 20+ Year Treasury Bond ETF	TLT	21.70%
FT Vest Gold Strategy Target Income ETF	IGLD	18.50%
State Street® SPDR® S&P 500® ETF	n/a	12.93%
Cash	n/a	8.94%
Strategy Inc	MSTR	6.56%
Vanguard Value ETF	VTV	6.42%
iShares Bitcoin Trust ETF	IBIT	5.89%
VanEck Gold Miners ETF	GDX	5.56%
UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037	USOI	5.03%
YieldMax GOOGL Option Income Strategy ETF	GOOY	1.29%

Dividend History

Ex-Dividend	Amount	Pay Date
Jan 29, 2026	$0.0839	Jan 30, 2026
Dec 30, 2025	$0.0675	Dec 31, 2025
Nov 26, 2025	$0.06515	Nov 28, 2025
Oct 30, 2025	$0.068	Oct 31, 2025
Sep 29, 2025	$0.0675	Sep 30, 2025
Aug 28, 2025	$0.0645	Aug 29, 2025

Performance

AMAX had a total return of 14.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.99%.