Adaptive Hedged Multi-Asset Income ETF (AMAX)

Assets	$20.95M
Expense Ratio	1.36%
PE Ratio	26.69
Shares Out	2.88M
Dividend (ttm)	$0.63
Dividend Yield	8.51%
Ex-Dividend Date	Mar 28, 2025
Payout Ratio	227.02%
1-Year Return	-4.89%

Volume	4,641
Open	7.44
Previous Close	7.45
Day's Range	7.44 - 7.53
52-Week Low	7.06
52-Week High	8.22
Beta	0.48
Holdings	22
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

91.49% of assets

Name	Symbol	Weight
Cash	n/a	22.12%
SPDR® S&P 500® ETF	n/a	19.03%
MicroStrategy Incorporated	MSTR	10.01%
Invesco QQQ Trust Series I	QQQ	9.41%
UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033	GLDI	8.25%
iShares Bitcoin Trust ETF	IBIT	8.09%
iShares 20+ Year Treasury Bond ETF	TLT	7.38%
YieldMax MSFT Option Income Strategy ETF	MSFO	2.50%
YieldMax AAPL Option Income Strategy ETF	APLY	2.41%
YieldMax GOOGL Option Income Strategy ETF	GOOY	2.30%

Dividends

Ex-Dividend	Amount	Pay Date
Mar 28, 2025	$0.05215	Mar 31, 2025
Feb 27, 2025	$0.0515	Feb 28, 2025
Jan 30, 2025	$0.05225	Jan 31, 2025
Dec 30, 2024	$0.0525	Dec 31, 2024
Nov 29, 2024	$0.0532	Dec 2, 2024
Oct 30, 2024	$0.0535	Oct 31, 2024