Hamilton Canadian
Financials Yield
Maximizer ETF
Canada's Highest Yielding Financials ETF
HIGHLIGHTS
14.36% yield*As of April 28, 2023; monthly distributions
Highest yielding financials ETF in Canada*Based on a universe of 40 financials focused ETFs that trade on the Toronto Stock Exchange, as of April 28, 2023.
Diversified exposure to Canada’s 10 largest financials with approximately 75% exposure to the ‘big-6’ banks
Active covered call strategy to enhance monthly income and reduce volatility; current coverage is approximately 50%
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 $14.42
- 1 DAY CHANGE -$0.07
-
YIELD *
Current annualized yield, as at April 28, 2023
14.36% - ASSETS $312.1M
Higher Yield1
1‘Big-6’ Average is the equally weighted average yield of the 6 Canadian banks. Cdn Bank Covered Calls average includes ZWB, CIC, and BKCC. As of April 28, 2023. Source: Bloomberg, Hamilton ETFs
What Makes HMAX Different?
- Overview
- Distributions
- Documents
█ Banks 75.6%
█ Insurance 15.9%
| ticker | name | weight |
| RY | Royal Bank of Canada | 23.9% |
| TD | Toronto-Dominion Bank | 19.2% |
| BMO | Bank of Montreal | 11.1% |
| BNS | Bank of Nova Scotia | 10.4% |
| BN | Brookfield Corp | 9.2% |
| CM | Canadian Imperial Bank of Commerce | 6.6% |
| MFC | Manulife Financial | 6.4% |
| SLF | Sun Life Financial | 5.0% |
| IFC | Intact Financial | 4.6% |
| NA | National Bank of Canada | 4.4% |
| Ticker | HMAX |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 40704M106 |
| Inception Date | January 20, 2023 |
| Investment Style | Covered Call |
| Assets | $312.1M CAD* |
| Current Annualized Yield | 14.36%* |
| Distributions | Monthly |
| Rebalancing | Semi-Annual |
| Management Fee | 0.65% |
| Risk Rating | Medium |
| Options Sub-Advisor | Horizons ETFs Management (Canada) Inc. |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 549300MRZG8IKUDNCP20 |
| Ex-Dividend Date | Paid | Frequency | Amount |
|---|---|---|---|
| 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 (2023-04-28) English Français
ETF Facts
HMAX ETF Facts (2023-01-13) English Français
Prospectus
HMAX Prospectus (2023-01-13) English Français
Independent Review Committee
2022 Annual Report to Securityholders (2023-03-21) Download