Adaptive Hedged Multi-Asset Income ETF (AMAX)

Assets	$63.84M
Expense Ratio	1.36%
PE Ratio	n/a
Shares Out	8.11M
Dividend (ttm)	$0.86
Dividend Yield	10.92%
Ex-Dividend Date	May 28, 2026
Payout Frequency	Monthly
Payout Ratio	n/a

Volume	31,063
Open	7.94
Previous Close	7.92
Day's Range	7.85 - 7.94
52-Week Low	7.55
52-Week High	8.44
Beta	0.47
Holdings	23
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

92.92% of assets

Name	Symbol	Weight
Cash	n/a	19.43%
Fidelity Investments Money Market Government Portfolio - Class I	FIGXX	16.42%
State Street® SPDR® S&P 500® ETF	n/a	13.15%
FT Vest Gold Strategy Target Income ETF	IGLD	12.16%
iShares Bitcoin Trust ETF	IBIT	7.66%
Strategy Inc	MSTR	7.01%
State Street SPDR Portfolio S&P 500 Growth ETF	SPYG	6.32%
VanEck Gold Miners ETF	GDX	4.85%
UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037	USOI	3.84%
iShares 20+ Year Treasury Bond ETF	TLT	2.07%

Dividend History

Ex-Dividend	Amount	Pay Date
May 28, 2026	$0.07885	May 29, 2026
Apr 29, 2026	$0.077	Apr 30, 2026
Mar 30, 2026	$0.0769	Mar 31, 2026
Feb 26, 2026	$0.0816	Feb 27, 2026
Jan 29, 2026	$0.0839	Jan 30, 2026
Dec 30, 2025	$0.0675	Dec 31, 2025

Performance

AMAX had a total return of 13.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.00%.