# Adaptive Hedged Multi-Asset Income ETF (AMAX) — Overview

AMAX · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/amax

## Price

Last close $7.47 on Oct 15, 2026. 52-week range $7.38 – $8.43.

## Fund profile

AMAX actively manages a global portfolio of equities and fixed income securities aiming for total return. The fund uses a market trend model to initiate periods of hedging.

| Metric | Value |
| --- | --- |
| Issuer | Adaptive Investments |
| Industry | — |
| Inception | Oct 2, 2009 |
| Assets under management | $74.7M |
| Expense ratio | 1.37% |
| Net asset value | $7.38 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Adaptive Hedged Multi-Asset Income ETF (AMAX)?

AMAX actively manages a global portfolio of equities and fixed income securities aiming for total return. The fund uses a market trend model to initiate periods of hedging.

### What is AMAX's expense ratio?

Adaptive Hedged Multi-Asset Income ETF charges an annual expense ratio of 1.37%. The fund is issued by Adaptive Investments.

### How large is AMAX?

Adaptive Hedged Multi-Asset Income ETF manages $74.7M in assets and has traded since Oct 2, 2009.

### How do I buy shares of Adaptive Hedged Multi-Asset Income ETF (AMAX)?

AMAX trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).