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

Target yield of 13%+*An estimate of the annualized yield an investor would receive if the initial distribution remained unchanged for the next 12 months, stated as a percentage of the net asset value per unit on January 20, 2023; monthly distributions

Diversified exposure to Canada’s 10 largest financials with approximately 75% exposure to the ‘big-6’ banks

Dynamic covered call strategy to enhance monthly income and reduce volatility

Active covered call strategy managed 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 $13.52
  • 1 DAY CHANGE +$0.03
  • TARGET YIELD *

    An estimate of the annualized yield an investor would receive if the initial distribution remained unchanged for the next 12 months, stated as a percentage of the net asset value per unit on January 20, 2023

    13%+
  • ASSETS $570.3M

High Yield1

 

1An estimate of the annualized yield an investor would receive if the initial distribution remained unchanged for the next 12 months, stated as a percentage of the net asset value per unit on January 20, 2023.

What Makes HMAX Different?

 

  • Overview
  • Distributions
  • Documents

Sector Allocation

As at November 30, 2023

  Asset Management 10.3%
  Banks 68.9%
  Insurance 21.8%

Holdings

As at November 30, 2023

tickernameweight
RYRoyal Bank of Canada22.5%
TDToronto-Dominion Bank19.5%
BMOBank of Montreal10.5%
BNBrookfield Corp10.3%
BNSBank of Nova Scotia9.6%
CMCanadian Imperial Bank of Commerce6.8%
MFCManulife Financial6.3%
GWOGreat-West Lifeco5.3%
SLFSun Life Financial5.2%
IFCIntact Financial4.9%

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$570.3M CAD*
Target Yield13%+*
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.
Ex-Dividend DatePaidFrequencyAmount
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 (2023-11-30) English Français

ETF Facts

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

Prospectus

HMAX Prospectus (2023-06-06) English Français

Financial Statements

Interim Financial Statements (2023-06-30) English Français

Latest Portfolio Summary

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

Independent Review Committee

2022 Annual Report to Securityholders (2023-03-21) Download

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