AMAX
Adaptive Hedged Multi-Asset Income ETF·ARCA
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Key Stats
Assets Under Management
48.34MUSD
Fund Flows (1Y)
25.09MUSD
Dividend Yield
9.45%
Discount/Premium to NAV
-0.01%
Shares Outstanding
6.00M
Expense Ratio
1.36%
About Adaptive Hedged Multi-Asset Income ETF
Issuer
Adaptive Investments
Brand
Adaptive
Home Page
Inception Date
Oct 2, 2009
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Qualified dividends
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Cavalier Investments LLC
Distributor
Capital Investment Group, Inc.
AMAX provides exposure to an array of securities including fixed income such as MBS, ABS, CMBS, corporate investment-grade bonds, convertibles, high yields, US government or agency-issued bonds, and ETNs. Equities may include dividend paying securities, REITs and preferred securities from any sector or market-cap. These securities are selected using an investment model that factors in price momentum, volatility, comparative indicators, and a recession model (measures the probability of a recession within the next several months based on leading economic indicators). When the model shows a negative market trend, the Fund may hedge by investing in treasury bonds, ETNs and leveraged/inverse ETFs. As an actively managed fund, AMAX may have a high level of portfolio turnover. Effective as of the close of business on Nov. 12, 2021, the fund was converted from Adaptive Hedged Multi-Asset Income Fund, an open-end mutual fund to an ETF, with $19 million USD in asset.
Classification
Asset Class
Asset Allocation
Category
Asset Allocation
Focus
Target Outcome
Niche
Income & Capital Appreciation
Strategy
Active
Geography
Global
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +2.49% | -0.93% | +1.32% | +2.62% | +0.56% | -18.28% |
NAV Total Return | +1.49% | +2.26% | +2.86% | +11.94% | +27.33% | +0.06% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Technology
37.08%
Basic Materials
18.57%
Financial Services
10.34%
Healthcare
7.21%
Industrials
6.05%
Communication Services
5.45%
Consumer Cyclical
5.38%
Consumer Defensive
4.02%
Energy
2.63%
Technology
37.08%
Basic Materials
18.57%
Financial Services
10.34%
Healthcare
7.21%
Industrials
6.05%
Communication Services
5.45%
Consumer Cyclical
5.38%
Consumer Defensive
4.02%
Energy
2.63%
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Asset
Region
91.68%
2.83%
2.53%
1.22%
0.98%
0.77%
Category
Ratio
North America
91.68%
Africa/Middle East
2.83%
Australasia
2.53%
Latin America
1.22%
Asia
0.98%
Europe
0.77%
Investment Style
Mega
Large
Medium
Multi
Small
Value
Blend
Growth
Multi-Cap Blend
Provides exposure to companies of various sizes that exhibit both growth and value characteristics. This category offers a diversified portfolio with a mix of market caps.
Top 10 Holdings
Symbol
Ratio
TLT
iShares 20+ Year Treasury Bond ETF
21.71%
IGLD
FT Vest Gold Strategy Target Income ETF
18.31%
SPY
State Street SPDR S&P 500 ETF Trust
12.97%
Cash / Cash Equivalents
9.30%
IBIT
iShares Bitcoin Trust ETF
6.45%
MSTR
Strategy
6.38%
VTV
Vanguard Value ETF
6.37%
GDX
VanEck Gold Miners ETF
5.36%
USOI
ETRACS Crude Oil Shares Covered Call ETN
5.01%
GOOY
YieldMax GOOGL Option Income Strategy ETF
1.35%
Top 10 Weight 93.21%
26 Total Holdings
Is SPY better than AMAX?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2026-01-29 | 2026-01-29 | 2026-01-30 | 0.084 |
| 2025-12-30 | 2025-12-30 | 2025-12-31 | 0.068 |
| 2025-11-26 | 2025-11-26 | 2025-11-28 | 0.065 |
| 2025-10-30 | 2025-10-30 | 2025-10-31 | 0.068 |
| 2025-09-29 | 2025-09-29 | 2025-09-30 | 0.068 |
| 2025-08-28 | 2025-08-28 | 2025-08-29 | 0.065 |
| 2025-07-30 | 2025-07-30 | 2025-07-31 | 0.066 |
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How Much Does AMAX Pay in Dividends?
Premium/Discount Chart
Assets Under Management
Should I buy AMAX?
Fund Flows
