Hamilton Canadian
Financials Yield
Maximizer ETF
Higher Income from Canadian Financials
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
█ Banks 68.9%
█ Insurance 21.8%
| ticker | name | weight |
| RY | Royal Bank of Canada | 22.5% |
| TD | Toronto-Dominion Bank | 19.5% |
| BMO | Bank of Montreal | 10.5% |
| BN | Brookfield Corp | 10.3% |
| BNS | Bank of Nova Scotia | 9.6% |
| CM | Canadian Imperial Bank of Commerce | 6.8% |
| MFC | Manulife Financial | 6.3% |
| GWO | Great-West Lifeco | 5.3% |
| SLF | Sun Life Financial | 5.2% |
| IFC | Intact Financial | 4.9% |
| Ticker | HMAX |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 40704M106 |
| Inception Date | January 20, 2023 |
| Investment Style | Covered Call |
| Assets | $570.3M CAD* |
| Target Yield | 13%+* |
| Distributions | Monthly |
| Rebalancing | Semi-Annual |
| Management Fee | 0.65% |
| Risk Rating | Medium |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 549300MRZG8IKUDNCP20 |
| Ex-Dividend Date | Paid | Frequency | Amount |
|---|---|---|---|
| 2023-11-29 | 2023-12-07 | Monthly | $0.1745 |
| 2023-10-30 | 2023-11-07 | Monthly | $0.1775 |
| 2023-09-28 | 2023-10-06 | Monthly | $0.1775 |
| 2023-08-30 | 2023-09-08 | Monthly | $0.180 |
| 2023-07-28 | 2023-08-08 | Monthly | $0.180 |
| 2023-06-29 | 2023-07-10 | Monthly | $0.180 |
| 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 (2023-11-30) 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