Hamilton U.S. Equity
Yield Maximizer ETF

  • Ticker SMAX
  • Last Distribution $0.165

Higher Income from U.S. Equity Leaders

HIGHLIGHTS

Last distribution of $0.165 per unit*Last distribution per unit. Distributions are subject to change. For a complete list of historical distributions, please see the Distributions tab below.; monthly distributions

Blue-chip U.S. equity exposure, with a sector mix similar to the S&P 500

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

Tax efficient distributions

Modest long-term growth potential from U.S. sector leaders

Reduced volatility from options strategy

INVESTMENT OBJECTIVE

SMAX is designed for attractive monthly income, while providing exposure to a portfolio of primarily large-cap U.S. equity securities. To reduce volatility and augment dividend income, SMAX will employ an active covered call strategy.

SMAX does not use leverage.

Performance

  • TICKER SMAX
  • NAV $18.25
  • 1 DAY CHANGE +$0.11
  • LAST DISTRIBUTION *

    Last distribution per unit. Distributions are subject to change. For a complete list of historical distributions, please see the Distributions tab below.

    $0.165
  • ASSETS $375.8M

Attractive Monthly Income

What Makes SMAX Different?

  • Overview
  • Distributions
  • Documents

Sector Allocation

As at March 28, 2024

  Communications 8.0%
  Consumer Discretionary 12.4%
  Consumer Staples 4.0%
  Energy 4.2%
  Financials 8.3%
  Health Care 12.1%
  Industrials 8.3%
  Real Estate 4.0%
  Technology 31.8%
  Utilities 4.2%

Holdings

As at March 28, 2024

tickernameweight
NEENextEra Energy Inc4.2%
AVGOBroadcom Inc4.2%
TSLATesla Inc4.2%
JPMJPMorgan Chase & Co4.2%
XOMExxon Mobil Corp4.2%
CATCaterpillar Inc4.2%
GEGeneral Electric Co4.1%
BRK/BBerkshire Hathaway Inc4.1%
AMZNAmazon.com Inc4.1%
HDHome Depot Inc/The4.1%
LLYEli Lilly & Co4.1%
CRMSalesforce Inc4.0%
PLDPrologis Inc4.0%
GOOGLAlphabet Inc4.0%
UNHUnitedHealth Group Inc4.0%
ADBEAdobe Inc4.0%
JNJJohnson & Johnson4.0%
MSFTMicrosoft Corp4.0%
PGProcter & Gamble Co/The4.0%
METAMeta Platforms Inc4.0%
NVDANVIDIA Corp4.0%
LINLinde PLC3.9%
VVisa Inc3.9%
AAPLApple Inc3.9%
AMDAdvanced Micro Devices Inc3.8%

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.
TickerSMAX
ExchangeToronto Stock Exchange (TSX)
CUSIP407916105
Inception DateOctober 25, 2023
Investment StyleU.S. Equity, Covered Call
Assets$375.8M CAD*
DistributionsMonthly
Currency HedgingNone
RebalancingSemi-annual
Management Fee0.65%
Risk RatingLow to Medium
AuditorKPMG LLP
Legal Entity Identifier2549005JJY97H2CP5W16

Distributions

SMAX 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
2024-03-272024-04-05Monthly$0.1650
2024-02-282024-03-07Monthly$0.1650
2024-01-302024-02-09Monthly$0.1610
2023-12-282024-01-08Monthly$0.1600
2023-11-292023-12-07Monthly$0.1600

You can view public filings for the Hamilton U.S. Equity Yield Maximizer ETF on SEDAR+.

Press Releases

View the latest SMAX Press Releases

Fact Sheet

SMAX Fact Sheet (2024-03-28) English Français

ETF Facts

SMAX ETF Facts (2023-09-08) English Français

Prospectus

SMAX Prospectus (2023-09-08) English Français

Financial Statements

Annual Financial Statements (2023-12-31) English Français

Independent Review Committee

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

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