Adaptive Hedged Multi-Asset Income ETF (AMAX)

Assets	$33.00M
Expense Ratio	1.36%
PE Ratio	n/a
Shares Out	4.06M
Dividend (ttm)	$0.67
Dividend Yield	8.22%
Ex-Dividend Date	Aug 28, 2025
Payout Frequency	Monthly
Payout Ratio	n/a

Volume	33,938
Open	8.16
Previous Close	8.15
Day's Range	8.10 - 8.23
52-Week Low	7.06
52-Week High	8.23
Beta	0.48
Holdings	31
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

95.20% of assets

Name	Symbol	Weight
iShares 20+ Year Treasury Bond ETF	TLT	21.47%
Cash	n/a	17.52%
FT Vest Gold Strategy Target Income ETF	IGLD	16.58%
SPDR® S&P 500® ETF	n/a	12.55%
Strategy Inc	MSTR	9.69%
VanEck Gold Miners ETF	GDX	7.75%
Invesco QQQ Trust Series I	QQQ	6.20%
YieldMax GOOGL Option Income Strategy ETF	GOOY	1.30%
YieldMax MSFT Option Income Strategy ETF	MSFO	1.08%
YieldMax AAPL Option Income Strategy ETF	APLY	1.06%

Dividends

Ex-Dividend	Amount	Pay Date
Aug 28, 2025	$0.0645	Aug 29, 2025
Jul 30, 2025	$0.06635	Jul 31, 2025
Jun 27, 2025	$0.06575	Jun 30, 2025
May 29, 2025	$0.05285	May 30, 2025
Apr 29, 2025	$0.05215	Apr 30, 2025
Mar 28, 2025	$0.05215	Mar 31, 2025

Performance

AMAX had a total return of 9.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.31%.