Hamilton Canadian
Financials Yield
Maximizer ETF

  • Ticker HMAX
  • Yield % 14.36

Canada's Highest Yielding Financials ETF

HIGHLIGHTS

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

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 $14.42
  • 1 DAY CHANGE -$0.07
  • YIELD *

    Current annualized yield, as at April 28, 2023

    14.36%
  • ASSETS $312.1M

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 April 28, 2023. Source: Bloomberg, Hamilton ETFs

What Makes HMAX Different?

 

  • Overview
  • Distributions
  • Documents

Sector Allocation

As at April 28, 2023

  Asset Management 9.2%
  Banks 75.6%
  Insurance 15.9%

Holdings

As at April 28, 2023

tickernameweight
RYRoyal Bank of Canada23.9%
TDToronto-Dominion Bank19.2%
BMOBank of Montreal11.1%
BNSBank of Nova Scotia10.4%
BNBrookfield Corp9.2%
CMCanadian Imperial Bank of Commerce6.6%
MFCManulife Financial6.4%
SLFSun Life Financial5.0%
IFCIntact Financial4.6%
NANational Bank of Canada4.4%

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$312.1M CAD*
Current Annualized Yield14.36%*
DistributionsMonthly
RebalancingSemi-Annual
Management Fee0.65%
Risk RatingMedium
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. To set up a DRIP, please contact your individual brokerage.
Ex-Dividend DatePaidFrequencyAmount
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 (2023-04-28) English Français

ETF Facts

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

Prospectus

HMAX Prospectus (2023-01-13) English Français

Independent Review Committee

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

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