Key stats
About Adaptive Hedged Multi-Asset Income ETF
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Inception date
Nov 15, 2021
Structure
Open-Ended Fund
Replication method
Physical
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.
ISIN
US85521B7837
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.
Related funds
Classification
What's in the fund
Exposure type
ETF
Securitized
Cash
Stocks7.92%
Technology Services7.92%
Bonds, Cash & Other92.08%
ETF62.22%
Securitized18.09%
Cash11.09%
Mutual fund0.60%
Rights & Warrants0.08%
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
AMAX assets under management is 32.80 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
AMAX invests in funds. See more details in our Analysis section.
AMAX expense ratio is 1.36%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, AMAX isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, AMAX pays dividends to its holders with the dividend yield of 8.23%.
AMAX shares are issued by Cavalier16, Inc.
AMAX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 15, 2021.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.