- What does AMAX invest in?
- As an actively managed exchange-traded fund (“ETF”), the fund will not seek to replicate the performance of an index. The Advisor seeks to achieve the fund’s investment objective of total return by investing in other investment companies, including mutual funds and exchange-traded funds that are registered under the Investment Company Act of 1940, as amended (the “1940 Act”) and not affiliated with the fund (“portfolio funds”) or by making direct investments.
- What is the expense ratio of AMAX?
- Adaptive Hedged Multi-Asset Income ETF (AMAX) charges an expense ratio of 1.36%. This is the annual fee deducted from fund assets to cover management and operations.
- What is AMAX's dividend yield?
- AMAX's trailing-twelve-month yield is 11.60%, calculated from the sum of dividends over the past year divided by the current price.
- How big is AMAX?
- Adaptive Hedged Multi-Asset Income ETF (AMAX) manages $36.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is AMAX actively managed or an index fund?
- AMAX is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (AMAX's is 1.36%) in exchange for the discretion to over- or under-weight positions.
- When was AMAX launched?
- Adaptive Hedged Multi-Asset Income ETF (AMAX) launched in November 2021 and is managed by Adaptive ETFs.
