Adaptive Hedged Multi-Asset Income ETF (AMAX)

Assets	$35.15M
Expense Ratio	1.36%
PE Ratio	n/a
Shares Out	4.27M
Dividend (ttm)	$0.68
Dividend Yield	8.24%
Ex-Dividend Date	Sep 29, 2025
Payout Frequency	Monthly
Payout Ratio	n/a

Volume	61,754
Open	8.30
Previous Close	8.28
Day's Range	8.25 - 8.35
52-Week Low	7.06
52-Week High	8.35
Beta	0.48
Holdings	37
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

94.19% of assets

Name	Symbol	Weight
iShares 20+ Year Treasury Bond ETF	TLT	21.01%
FT Vest Gold Strategy Target Income ETF	IGLD	16.02%
SPDR® S&P 500® ETF	n/a	12.53%
Strategy Inc	MSTR	10.26%
iShares Bitcoin Trust ETF	IBIT	9.73%
VanEck Gold Miners ETF	GDX	8.37%
Cash	n/a	6.47%
Invesco QQQ Trust Series I	QQQ	6.22%
2x Long VIX Futures ETF	UVIX	2.39%
YieldMax GOOGL Option Income Strategy ETF	GOOY	1.20%

Dividends

Ex-Dividend	Amount	Pay Date
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
May 29, 2025	$0.05285	May 30, 2025
Apr 29, 2025	$0.05215	Apr 30, 2025

Performance

AMAX had a total return of 12.60% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.12%.