Hamilton Canadian
Financials Yield
Maximizer ETF

  • Ticker HMAX
  • Target Yield % 13%+

Canada's Highest Yielding Financials ETF

HIGHLIGHTS:

13%+ target yield*As of January 13, 2023.; monthly distributions

Highest yielding financials ETF in Canada*Based on a universe of 39 financials focused ETFs that trade on the Toronto Stock Exchange, as of January 13, 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 $16.33
  • 1 DAY CHANGE +$0.05
  • YIELD *

    Current annualized yield, as at January 31, 2023

    13%+
  • ASSETS $65.9M

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 January 31, 2023. Source: Bloomberg, Hamilton ETFs

What Makes HMAX Different?

 

  • Overview
  • Distributions
  • Documents

Sector Allocation

As at January 31, 2023

  Asset Management 10.0%
  Banks 76.4%
  Insurance 14.9%

Holdings

As at January 31, 2023

tickernameweight
RYRoyal Bank of Canada23.1%
TDToronto-Dominion Bank20.5%
BMOBank of Montreal11.5%
BNSBank of Nova Scotia10.5%
BNBrookfield Corp10.0%
CMCanadian Imperial Bank of Commerce6.7%
MFCManulife Financial6.0%
SLFSun Life Financial4.8%
IFCIntact Financial4.1%
NANational Bank of Canada4.1%

Fund Details

 

All Hamilton ETFs are available for purchase on the Toronto Stock Exchange (TSX), and can be used in RRSP, RRIF, DPSP, RDSP, RESP and TFSA portfolios. To set up a DRIP, please contact your individual brokerage.
TickerHMAX
ExchangeToronto Stock Exchange (TSX)
CUSIP40704M106
Inception DateJanuary 20, 2023
Investment StyleCovered Call
Assets$65.9M CAD*
DistributionsMonthly
RebalancingSemi-Annual
Management Fee0.65%
Risk RatingMedium
AdministratorHorizons ETFs Management (Canada) Inc.
Options Sub-AdvisorHorizons ETFs Management (Canada) Inc.
AuditorKPMG LLP
Legal Entity Identifier549300MRZG8IKUDNCP20

Distributions

HMAX distributions are paid monthly in cash, or if the unitholder has enrolled in the dividend reinvestment plan (DRIP), reinvested in additional units of the ETF. The first distribution is expected to be for the month ended February 28, 2023.
Ex-Dividend DatePaidFrequencyAmount
2023-02-27 (estimated)2023-03-10 (estimated)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 (2023-01-13) English Français

ETF Facts

HMAX ETF Facts (2023-01-13) English Français

Prospectus

HMAX Prospectus (2023-01-13) English Français

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