Hamilton Canadian
Financials YIELD
MAXIMIZER™ ETF

  • Ticker HMAX
  • Target Yield 13%+

Higher Income from Canadian Financials

Maximize Your Monthly Income with HMAX

  •  
    Benefits of HMAX
  •  
    Understanding Covered Calls
  •  
    Yield Maximizer ETFs Explained

HIGHLIGHTS

13%+ Target Yield*As at January 31, 2024. Distributions are not fixed or guaranteed. Hamilton ETFs may, in its complete discretion, change the frequency or expected amount of these distributions. Target yield is an estimate of the annualized yield an investor would receive if the target distribution remained unchanged for the next 12 months, stated as a percentage of the net asset value per unit on the as at date.; 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 $13.74
  • 1 DAY CHANGE +$0.05
  • TARGET YIELD *

    As at January 31, 2024. Distributions are not fixed or guaranteed. Hamilton ETFs may, in its complete discretion, change the frequency or expected amount of these distributions. Target yield is an estimate of the annualized yield an investor would receive if the target distribution remained unchanged for the next 12 months, stated as a percentage of the net asset value per unit on the as at date.

    13%+
  • ASSETS $733.6M

Total Returns (incl. Dividends)

As at March 28, 2024

  • ticker 0.00%
  • 1 month 3.14%
  • 3 months 4.33%
  • 6 months 12.42%
  • year to date 4.33%
  • 1 year 10.12%
  • inception* 3.77%
  • as of date 202400.00%

Attractive Monthly Income

What Makes HMAX Different?

  • Overview
  • Distributions
  • Documents

Sector Allocation

As at March 28, 2024

  Asset Management 11.1%
  Banks 68.9%
  Insurance 21.7%

Holdings

As at March 28, 2024

tickernameweight
RYRoyal Bank of Canada22.7%
TDToronto-Dominion Bank17.2%
BMOBank of Montreal11.3%
BNBrookfield Corp11.1%
BNSBank of Nova Scotia10.1%
CMCanadian Imperial Bank of Commerce7.6%
MFCManulife Financial7.1%
SLFSun Life Financial5.1%
GWOGreat-West Lifeco4.8%
IFCIntact Financial4.7%

Fund Details

 

All Hamilton ETFs are available for purchase on the Toronto Stock Exchange (TSX), and can be used in RRSP, RRIF, DPSP, RDSP, FHSA, 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$733.6M CAD*
Target Yield13%+*
Current Annualized Yield14.82%*
DistributionsMonthly
RebalancingSemi-Annual
Management Fee0.65%
Risk RatingMedium
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. To set up a DRIP, please contact your individual brokerage. The annual tax information is available here.
Ex-Dividend DatePaidFrequencyAmount
2024-04-292024-05-07Monthly$0.1710
2024-03-272024-04-05Monthly$0.1731
2024-02-282024-03-07Monthly$0.1730
2024-01-302024-02-09Monthly$0.1746
2023-12-282024-01-08Monthly$0.1745
2023-11-292023-12-07Monthly$0.1745
2023-10-302023-11-07Monthly$0.1775
2023-09-282023-10-06Monthly$0.1775
2023-08-302023-09-08Monthly$0.180
2023-07-282023-08-08Monthly$0.180
2023-06-292023-07-10Monthly$0.180
2023-05-302023-06-07Monthly$0.180
2023-04-272023-05-05Monthly$0.180
2023-03-302023-04-13Monthly$0.185
2023-02-272023-03-10Monthly$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 (2024-03-28) 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

Q3 2023 Portfolio Summary (2023-09-30) Download

Independent Review Committee

2023 Annual Report to Securityholders (2024-03-13) Download

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