Adaptive Hedged Multi-Asset Income ETF (AMAX)

Adaptive Hedged Multi-Asset Income ETF (AMAX) is an exchange-traded fund in the Nontraditional Bond category. It has $64.75M in assets, an expense ratio of 1.36% and a 11.72% dividend yield. As an actively managed exchange-traded fund (“ETF”), the fund will not seek to replicate the performance of an index. The Advisor seeks to achieve the fund’s investment objective of total return by investing in other investment companies, including mutual funds and exchange-traded funds that are registered under the Investment Company Act of 1940, as amended (the “1940 Act”) and not affiliated with the fund (“portfolio funds”) or by making direct investments.