Hamilton U.S. Equity
Yield Maximizer ETF

  • Ticker SMAX
  • Target Yield 12%+

Higher Income from U.S. Equity Leaders

HIGHLIGHTS

Target yield of 12%+ *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 October 25, 2023; monthly distributions

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

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

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 $16.63
  • 1 DAY CHANGE +$0.06
  • 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 October 25, 2023

    12%+
  • ASSETS $85.8M

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 October 25, 2023.

What Makes SMAX Different?

 

  • Overview
  • Distributions
  • Documents

Sector Allocation

As at November 30, 2023

  Communications 7.9%
  Consumer Discretionary 12.3%
  Consumer Staples 7.9%
  Energy 3.9%
  Financials 8.2%
  Health Care 12.2%
  Industrials 7.7%
  Real Estate 4.2%
  Technology 32.5%
  Utilities 4.1%

Holdings

As at November 30, 2023

tickernameweight
CRMSalesforce Inc4.6%
PLDPrologis Inc4.2%
JNJJohnson & Johnson4.2%
NEENextEra Energy Inc4.1%
JPMJPMorgan Chase & Co4.1%
MSFTMicrosoft Corp4.1%
UNHUnitedHealth Group Inc4.1%
HDHome Depot Inc/The4.1%
AMZNAmazon.com Inc4.1%
VVisa Inc4.1%
TSLATesla Inc4.1%
PGProcter & Gamble Co/The4.1%
ADBEAdobe Inc4.1%
BRK/BBerkshire Hathaway Inc4.1%
AAPLApple Inc4.0%
CSCOCisco Systems Inc4.0%
GOOGLAlphabet Inc4.0%
LLYEli Lilly & Co4.0%
METAMeta Platforms Inc3.9%
XOMExxon Mobil Corp3.9%
UNPUnion Pacific Corp3.9%
GEGeneral Electric Co3.9%
COSTCostco Wholesale Corp3.8%
NVDANVIDIA Corp3.8%
AVGOBroadcom 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$85.8M CAD*
Target Yield12%+*
DistributionsMonthly
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.
Ex-Dividend DatePaidFrequencyAmount
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 (2023-11-30) English Français

ETF Facts

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

Prospectus

SMAX Prospectus (2023-09-08) English Français

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