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ETF NYSE Arca USD

Adaptive Hedged Multi-Asset Income ETF AMAX

Issuer: not identified from the fund name SEC registrant: Starboard Investment Trust Multi-asset · US
Watch AMAX (sign in) Add to portfolio (AMAX) Set an alert for AMAX Compare AMAX with other ETFs Position size calculator for AMAX at 7.4499 USD

How position sizing works
Last price 7.45 USD Change: Up +0.07 Percent change: Up +0.91%

Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed

Net expense ratio
1.36%
Prospectus 1 Oct 2025
Net assets
$63.8M
As of 31 May 2026
Holdings
21
As of 31 May 2026
12-month distribution yield
12.09%
Monthly
Asset class
Multi-asset
From holdings

Adaptive Hedged Multi-Asset Income ETF (AMAX) is an exchange-traded fund listed on NYSE Arca in the United States. Its category is Multi-asset · US (multi-asset). Its last price was US$7.45 on 20 Oct 2026. Its net expense ratio is 1.36% a year, from its prospectus dated 1 Oct 2025. It reported net assets of US$63.84 million as of 31 May 2026. Its latest holdings report lists 21 holdings as of 31 May 2026. Over the last 12 months it paid distributions of US$0.90 a unit, a 12-month distribution yield of 12.09%, paid monthly.

General information only: nothing on TakeProfits takes into account your objectives, financial situation or needs, and it isn't personal financial advice or a recommendation to buy or sell anything. Consider whether it suits you and get advice from a licensed adviser before acting. Market data may be delayed and comes from third-party sources.

Fees

Total annual operating expenses (gross)
2.16%
Net, after fee waivers or reimbursements
1.36%
Management fee
0.80%
Prospectus date
1 Oct 2025
Filed with the SEC
26 Sep 2025

Source: SEC prospectus risk/return data sets (opens in a new tab) Filed

Size and reporting

Net assets
$63,839,499
Total assets
$78,252,523
Holdings as of
31 May 2026
Report made public
27 Jul 2026 (57 days after the month end)

Net assets are for the whole fund series, which for some funds (Vanguard's, for example) also includes mutual fund share classes.

Source: SEC Form N-PORT (opens in a new tab) Filed

Top holdings

Largest 21 of 21 positions, as of 31 May 2026. Weight is the percent of net assets the fund reported.

AMAX top holdings as of 31 May 2026
# Holding Identifier Weight Value (USD) Type Country Currency
1 Fidelity Investments MONEYMKT 316175108 33.56% $21.4M Short-term investment vehicles (cash funds) United States USD
2 iShares 20+ Year Tre ETF US4642874329 20.87% $13.3M Equity (common) United States USD
3 RH Hedged Multi-Asse PRIVATE No identifier reported 17.00% $10.9M Other United States USD
4 State Street SPDR ETF US78462F1030 13.13% $8.4M Equity (common) United States USD
5 FT Vest Gold Strateg ETF US33733E8562 7.47% $4.8M Equity (common) United States USD
6 MicroStrategy Inc COMMSTCK 594972408 7.33% $4.7M Equity (common) United States USD
7 SPDR Portfolio S&P 5 ETF US78464A4094 6.33% $4.0M Equity (common) United States USD
8 VanEck Vectors Gold ETF 92189F106 4.96% $3.2M Equity (common) United States USD
9 YieldMax GOOGL Optio ETF US88634T7900 1.31% $838K Equity (common) United States USD
10 YieldMax AAPL Option ETF US88634T8577 1.03% $659K Equity (common) United States USD
11 YieldMax NVDA Option ETF US88634T7744 0.86% $551K Equity (common) United States USD
12 Yieldmax Amzn Option ETF US88634T8403 0.85% $540K Equity (common) United States USD
13 YieldMax MSFT Option ETF US88634T4287 0.79% $504K Equity (common) United States USD
14 Yieldmax Meta Option ETF US88634T8163 0.66% $423K Equity (common) United States USD
15 MicroStrategy Inc OPTION 594972408 0.53% $339K Equity derivatives United States USD
16 CWALT 2006-28CB A15 CMO US02147TAQ94 0.30% $190K Mortgage-backed securities United States USD
17 AHM 2004-1 4M1 CMO US02660TAS24 0.16% $100K Mortgage-backed securities United States USD
18 iShares 20+ Year Tre OPTION 464287432 -0.05% -$30K Equity derivatives United States USD
19 CWALT 2005-J11 CMO US12668AJS50 0.04% $24K Mortgage-backed securities United States USD
20 State Street SPDR OPTION 78462F103 0.00% -$49 Equity derivatives United States USD
21 MicroStrategy Inc OPTION 594972408 0.00% -$140 Equity derivatives United States USD

Source: SEC Form N-PORT (opens in a new tab) Made public Holdings as of 31 May 2026

All 21 stored holdings

Breakdowns

Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.

Asset type

Asset type by weight
TypeWeightBar
Equity (common) 65.59%
Short-term investment vehicles (cash funds) 33.56%
Other 17.00%
Mortgage-backed securities 0.50%
Equity derivatives 0.48%

Country

Country by weight
CountryWeightBar
United States 117.13%

The country each issuer is assigned to in the report.

Currency exposure

Currency exposure by weight
CurrencyWeightBar
US dollar (USD) 117.13%

The currency each holding is denominated in. Currency hedges are not netted off, so a hedged fund still shows its holdings' currencies.

Sector

Sector weights for holdings matched to listed stocks
SectorWeightBar
Unknown 13.13%
Technology 7.86%

Partial coverage: sectors are known for 21.0% of net assets (66% of the fund's equity weight), the holdings matched by CUSIP or ticker to US stocks listed on this site. The rest is not assigned a sector.

Source: SEC Form N-PORT (opens in a new tab) Holdings as of

Distributions

Paid in the last 12 months
$0.9010
12 payments per unit
12-month yield
12.09%
Distributions only, not total return
Frequency
Monthly
From the gaps between ex-dates
Latest ex-date
29 Sep 2026

12-month yield = distributions per unit with an ex-date in the last 12 months ($0.9010) ÷ latest price ($7.45) × 100 = 12.09%. It looks back, so it is not a forecast; special distributions in the window are included.

Why a distribution yield is not the fund's return: yield vs total return

Distribution history table (58 payments)
AMAX distributions per unit by ex-date
Ex-dateAmount per unit
29 Sep 2026$0.0760
28 Aug 2026$0.0750
30 Jul 2026$0.0740
29 Jun 2026$0.0760
28 May 2026$0.0790
29 Apr 2026$0.0770
30 Mar 2026$0.0770
26 Feb 2026$0.0820
29 Jan 2026$0.0840
30 Dec 2025$0.0680
26 Nov 2025$0.0650
30 Oct 2025$0.0680
29 Sep 2025$0.0680
28 Aug 2025$0.0650
30 Jul 2025$0.0660
27 Jun 2025$0.0660
29 May 2025$0.0530
29 Apr 2025$0.0520
28 Mar 2025$0.0520
27 Feb 2025$0.0520
30 Jan 2025$0.0520
30 Dec 2024$0.0530
29 Nov 2024$0.0530
30 Oct 2024$0.0540
27 Sep 2024$0.0520
30 Aug 2024$0.0540
30 Jul 2024$0.0530
28 Jun 2024$0.0530
30 May 2024$0.0540
29 Apr 2024$0.0530
28 Mar 2024$0.0710
28 Feb 2024$0.0130
30 Jan 2024$0.0110
28 Dec 2023$0.0310
29 Nov 2023$0.0100
30 Oct 2023$0.0130
28 Sep 2023$0.0440
30 Aug 2023$0.0750
28 Jul 2023$0.0400
29 Jun 2023$0.1260
30 May 2023$0.0370
27 Apr 2023$0.0330
30 Mar 2023$0.0440
27 Feb 2023$0.0410
30 Jan 2023$0.0430
29 Dec 2022$0.0400
29 Nov 2022$0.0500
28 Oct 2022$0.0410
29 Sep 2022$0.0740
30 Aug 2022$0.0680
28 Jul 2022$0.0770
29 Jun 2022$0.0790
27 May 2022$0.0870
28 Apr 2022$0.1060
30 Mar 2022$0.0570
25 Feb 2022$0.0750
28 Jan 2022$0.1080
30 Dec 2021$0.0520

Source: Yahoo Finance (opens in a new tab) Checked · 2 days ago Amounts are adjusted for later unit splits

Filings and sources

Compare with

Largest funds in the same category:

Up to four symbols separated by commas. ASX funds end in .AX, for example IVV.AX.

How ETF overlap is measured, with a worked example

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