# Adaptive Hedged Multi-Asset Income ETF (AMAX): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/amax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Adaptive ETFs · Asset class: Asset allocation - Strategy: Actively Managed · Inception: 2009-10-02 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. ## Key Facts | Metric | Value | |---|---| | Price | $7.50 | | Expense Ratio | 1.37% | | Assets Under Management | $74.7M | | NAV | $7.35 | | Holdings Count | 15 | | Distribution Yield (TTM) | 12.00% | | Annual Distribution (TTM) | $0.90 /share | | Distribution Frequency | Monthly | | 52-Week Range | $7.19 – $8.50 | | Beta | 0.89 | ## Latest Distribution - Amount: $0.0757 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 12.00%, 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 $74.7M 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. ### Does AMAX pay a dividend? Yes, Adaptive Hedged Multi-Asset Income ETF (AMAX) distributes dividends to shareholders. The trailing-twelve-month yield is 12.00%. Full dividend history is on this page. ### How often does AMAX pay dividends? Adaptive Hedged Multi-Asset Income ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is AMAX's next ex-dividend date? The most recently announced ex-dividend date for AMAX was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will AMAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.37% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does AMAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from AMAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does AMAX cost more than a fund like VOO? AMAX is actively managed (current expense ratio 1.37%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether AMAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to AMAX? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as AMAX (1.37%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/amax - Distribution history: https://www.dividenddata.com/funds/amax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/amax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/amax/expenses - Peer comparison: https://www.dividenddata.com/funds/amax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.