Adaptive Hedged Multi-Asset Income ETF (AMAX)

Assets	$49.39M
Expense Ratio	1.36%
PE Ratio	n/a
Shares Out	6.08M
Dividend (ttm)	$0.79
Dividend Yield	9.66%
Ex-Dividend Date	Feb 26, 2026
Payout Frequency	Monthly
Payout Ratio	n/a

Volume	37
Open	8.05
Previous Close	8.06
Day's Range	8.05 - 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

93.26% of assets

Name	Symbol	Weight
iShares 20+ Year Treasury Bond ETF	TLT	22.40%
FT Vest Gold Strategy Target Income ETF	IGLD	18.75%
State Street® SPDR® S&P 500® ETF	n/a	12.86%
Cash	n/a	8.47%
Vanguard Value ETF	VTV	6.46%
Strategy Inc	MSTR	6.33%
VanEck Gold Miners ETF	GDX	6.16%
iShares Bitcoin Trust ETF	IBIT	5.60%
UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037	USOI	5.03%
YieldMax GOOGL Option Income Strategy ETF	GOOY	1.21%

Dividend History

Ex-Dividend	Amount	Pay Date
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
Oct 30, 2025	$0.068	Oct 31, 2025
Sep 29, 2025	$0.0675	Sep 30, 2025

Performance

AMAX had a total return of 15.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.00%.