Hamilton Canadian
Financials YIELD
MAXIMIZER™ ETF
Maximize Income from Canadian Financials
HIGHLIGHTS
15.33% Yield*An estimate of the annualized yield an investor would receive if the most recent distribution remained unchanged for the next 12 months, stated as a percentage of the price per unit on June 28, 2024; monthly distributions
Diversified exposure to Canada’s 10 largest financials with approximately 70% exposure to the ‘big-5’ banks
Dynamic covered call strategy to enhance monthly income and reduce volatility
Active covered call strategy managed by an experienced options team led by Nick Piquard, with 25+ years of experience specializing in options
A GOOD FIT FOR INVESTORS WHO WANT
Higher monthly income
Blue-chip Canadian banks/financials exposure
Tax efficient distributions
Reduced volatility from options strategy
FUND OBJECTIVE
HMAX is designed for attractive monthly income, while providing exposure to a market cap-weighted portfolio of Canadian financial services stocks. To reduce volatility and augment dividend income, HMAX will employ an active covered call strategy.
HMAX does not use leverage.
Performance
- TICKER HMAX
- NAV $13.33
- 1 DAY CHANGE +$0.07
-
YIELD *
Current annualized yield, as at June 28, 2024
15.33% - ASSETS $803.4M
Total Returns (incl. Dividends)
- ticker 0.00%
- 1 month -1.70%
- 3 months -1.75%
- 6 months 2.50%
- year to date 2.50%
- 1 year 6.44%
- inception* 1.84%
- as of date 202400.00%
Attractive Monthly Income
What Makes HMAX Different?
- Overview
- Distributions
- Documents
█ Banks 67.7%
█ Insurance 22.1%
| ticker | name | weight |
| RY | Royal Bank of Canada | 25.0% |
| TD | Toronto-Dominion Bank | 16.1% |
| BN | Brookfield Corp | 11.4% |
| BMO | Bank of Montreal | 9.9% |
| BNS | Bank of Nova Scotia | 9.3% |
| MFC | Manulife Financial | 7.8% |
| CM | Canadian Imperial Bank of Commerce | 7.4% |
| IFC | Intact Financial | 4.9% |
| SLF | Sun Life Financial | 4.7% |
| GWO | Great-West Lifeco | 4.6% |
| Ticker | HMAX |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 40704M106 |
| Inception Date | January 20, 2023 |
| Investment Style | Covered Call |
| Assets | $803.4M CAD* |
| Target Yield | 13%+* |
| Current Annualized Yield | 15.33%* |
| Distributions | Monthly |
| Rebalancing | Semi-Annual |
| Management Fee | 0.65% |
| Risk Rating | Medium |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 549300MRZG8IKUDNCP20 |
| Ex-Dividend Date | Paid | Frequency | Amount |
|---|---|---|---|
| 2024-06-28 | 2024-07-08 | Monthly | $0.1695 |
| 2024-05-31 | 2024-06-07 | Monthly | $0.1715 |
| 2024-04-29 | 2024-05-07 | Monthly | $0.1710 |
| 2024-03-27 | 2024-04-05 | Monthly | $0.1731 |
| 2024-02-28 | 2024-03-07 | Monthly | $0.1730 |
| 2024-01-30 | 2024-02-09 | Monthly | $0.1746 |
| 2023-12-28 | 2024-01-08 | Monthly | $0.1745 |
| 2023-11-29 | 2023-12-07 | Monthly | $0.1745 |
| 2023-10-30 | 2023-11-07 | Monthly | $0.1775 |
| 2023-09-28 | 2023-10-06 | Monthly | $0.1775 |
| 2023-08-30 | 2023-09-08 | Monthly | $0.180 |
| 2023-07-28 | 2023-08-08 | Monthly | $0.180 |
| 2023-06-29 | 2023-07-10 | Monthly | $0.180 |
| 2023-05-30 | 2023-06-07 | Monthly | $0.180 |
| 2023-04-27 | 2023-05-05 | Monthly | $0.180 |
| 2023-03-30 | 2023-04-13 | Monthly | $0.185 |
| 2023-02-27 | 2023-03-10 | Monthly | $0.185 |
You can view public filings for the Hamilton Canadian Financials YIELD MAXIMIZER™ ETF on SEDAR+.
Press Releases
View the latest HMAX Press Releases
Fact Sheet
HMAX Fact Sheet (2024-05-31) English Français
ETF Facts
HMAX ETF Facts (2024-01-12) English Français
Prospectus
HMAX Prospectus (2024-01-12) English Français
Financial Statements
Annual Financial Statements (2023-12-31) English Français
Interim Financial Statements (2023-06-30) English Français
Latest Portfolio Summary
Q1 2024 Portfolio Summary (2024-03-31) Download
Independent Review Committee
2023 Annual Report to Securityholders (2024-03-13) Download