Adaptive Hedged Multi-Asset Income ETF (AMAX)

Assets	$41.34M
Expense Ratio	1.36%
PE Ratio	n/a
Shares Out	5.15M
Dividend (ttm)	$0.71
Dividend Yield	8.85%
Ex-Dividend Date	Nov 26, 2025
Payout Frequency	Monthly
Payout Ratio	n/a

Volume	10,374
Open	8.06
Previous Close	8.08
Day's Range	8.01 - 8.06
52-Week Low	7.06
52-Week High	8.43
Beta	0.48
Holdings	33
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

93.47% of assets

Name	Symbol	Weight
iShares 20+ Year Treasury Bond ETF	TLT	22.36%
FT Vest Gold Strategy Target Income ETF	IGLD	14.31%
SPDR® S&P 500® ETF	n/a	12.98%
VanEck Gold Miners ETF	GDX	9.44%
iShares Bitcoin Trust ETF	IBIT	9.05%
Strategy Inc	MSTR	8.79%
Invesco QQQ Trust Series I	QQQ	6.45%
UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037	USOI	4.77%
Cash	n/a	4.00%
YieldMax GOOGL Option Income Strategy ETF	GOOY	1.32%

Dividends

Ex-Dividend	Amount	Pay Date
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
Jul 30, 2025	$0.06635	Jul 31, 2025
Jun 27, 2025	$0.06575	Jun 30, 2025

Performance

AMAX had a total return of 9.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.39%.