Adaptive Hedged Multi-Asset Income ETF (AMAX)

Assets	$41.60M
Expense Ratio	1.36%
PE Ratio	n/a
Shares Out	5.29M
Dividend (ttm)	$0.73
Dividend Yield	9.05%
Ex-Dividend Date	Dec 30, 2025
Payout Frequency	Monthly
Payout Ratio	n/a

Volume	321,310
Open	7.99
Previous Close	8.01
Day's Range	7.99 - 8.03
52-Week Low	7.06
52-Week High	8.43
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

93.35% of assets

Name	Symbol	Weight
iShares 20+ Year Treasury Bond ETF	TLT	22.68%
FT Vest Gold Strategy Target Income ETF	IGLD	14.23%
SPDR® S&P 500® ETF	n/a	13.18%
VanEck Gold Miners ETF	GDX	9.63%
iShares Bitcoin Trust ETF	IBIT	8.67%
Strategy Inc	MSTR	7.47%
Invesco QQQ Trust Series I	QQQ	6.50%
UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037	USOI	4.83%
Cash	n/a	4.83%
YieldMax GOOGL Option Income Strategy ETF	GOOY	1.33%

Dividends

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

Performance

AMAX had a total return of 12.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.49%.