Canada's Highest Yielding Financials ETF
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
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.
- TICKER HMAX
- NAV $14.42
- 1 DAY CHANGE -$0.07
Current annualized yield, as at April 28, 202314.36%
- ASSETS $312.1M
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?
█ Banks 75.6%
█ Insurance 15.9%
|RY||Royal Bank of Canada||23.9%|
|BMO||Bank of Montreal||11.1%|
|BNS||Bank of Nova Scotia||10.4%|
|CM||Canadian Imperial Bank of Commerce||6.6%|
|SLF||Sun Life Financial||5.0%|
|NA||National Bank of Canada||4.4%|
|Exchange||Toronto Stock Exchange (TSX)|
|Inception Date||January 20, 2023|
|Investment Style||Covered Call|
|Current Annualized Yield||14.36%*|
|Options Sub-Advisor||Horizons ETFs Management (Canada) Inc.|
|Legal Entity Identifier||549300MRZG8IKUDNCP20|
You can view public filings for the Hamilton Canadian Financials Yield Maximizer ETF on SEDAR.
View the latest HMAX Press Releases
HMAX Fact Sheet (2023-04-28) English Français
HMAX ETF Facts (2023-01-13) English Français
HMAX Prospectus (2023-01-13) English Français
Independent Review Committee
2022 Annual Report to Securityholders (2023-03-21) Download