Adaptive Hedged Multi-Asset Income ETF

Frequently Asked Questions About AMAX

What does AMAX invest in?

This actively managed exchange-traded fund (ETF) operates independently, and its strategy does not involve mirroring the performance of any particular index. The Advisor's main objective is to achieve overall capital appreciation, which it aims to do by allocating capital into other investment vehicles. These vehicles encompass mutual funds and ETFs, which are registered under the 1940 Act and are not associated with this fund (known as "portfolio funds"). Alternatively, the Advisor may also engage in direct investments.

What is the expense ratio of AMAX?

Adaptive Hedged Multi-Asset Income ETF (AMAX) charges an expense ratio of 1.37%. 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 12.29%, 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 $77.6M 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 1.37%) in exchange for the discretion to over- or under-weight positions.

When was AMAX launched?

Adaptive Hedged Multi-Asset Income ETF (AMAX) launched in October 2009 and is managed by Adaptive ETFs.