Hamilton Utilities
YIELD MAXIMIZER™
ETF
Maximize Income from Canadian Utilities
HIGHLIGHTS
Yield of 14.55%*An estimate of the annualized yield an investor would receive if the most recent distribution remained unchanged for the next 12 months, stated as a percentage of the price per unit on June 28, 2024; monthly distributions
Diversified exposure to Canada’s largest utilities, pipelines, telecoms, and railways
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
Blue-chip Canadian utilities exposure
Tax efficient distributions
Reduced volatility from options strategy
INVESTMENT OBJECTIVE
UMAX is designed for attractive monthly income, while providing exposure to a portfolio of utility services equity securities, primarily domiciled/listed in Canada and the U.S. To reduce volatility and augment dividend income, UMAX will employ an active covered call strategy.
UMAX does not use leverage.
Performance
- TICKER UMAX
- NAV $13.88
- 1 DAY CHANGE -$0.09
-
YIELD *
Current annualized yield, as at June 28, 2024
14.55% - ASSETS $301.1M
Total Returns (incl. Dividends)
- ticker 0.00%
- 1 month -1.66%
- 3 months -2.22%
- 6 months -0.24%
- year to date -0.24%
- 1 year -0.57%
- inception* 0.42%
- as of date 202400.00%
Attractive Monthly Income
What Makes UMAX Different?
- Overview
- Distributions
- Documents
█ Pipelines 23.9%
█ Industrials 22.9%
█ Utilities 31.0%
| ticker | name | weight |
| WCN | Waste Connections Inc | 8.5% |
| PPL | Pembina Pipeline Corp | 8.4% |
| ENB | Enbridge Inc | 8.1% |
| FTS | Fortis Inc/Canada | 8.0% |
| H | Hydro One Ltd | 8.0% |
| EMA | Emera Inc | 7.9% |
| BCE | BCE Inc | 7.8% |
| TRP | TC Energy Corp | 7.8% |
| BIP-U | Brookfield Infrastructure Part | 7.7% |
| T | TELUS Corp | 7.6% |
| CNR | Canadian National Railway Co | 7.5% |
| CP | Canadian Pacific Kansas City L | 7.3% |
| RCI/B | Rogers Communications Inc | 7.3% |
| Ticker | UMAX |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 408125102 |
| Inception Date | June 14, 2023 |
| Investment Style | Covered Call |
| Assets | $301.1M CAD* |
| Target Yield | 13%+* |
| Current Annualized Yield | 14.55%* |
| Distributions | Monthly |
| Rebalancing | Semi-Annual |
| Management Fee | 0.65% |
| Risk Rating | Medium |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 5493000IHVKCP976PG67 |
| Ex-Dividend Date | Paid | Frequency | Amount |
|---|---|---|---|
| 2024-06-28 | 2024-07-08 | Monthly | $0.1695 |
| 2024-05-31 | 2024-06-07 | Monthly | $0.1710 |
| 2024-04-29 | 2024-05-07 | Monthly | $0.1710 |
| 2024-03-27 | 2024-04-05 | Monthly | $0.1716 |
| 2024-02-28 | 2024-03-07 | Monthly | $0.1715 |
| 2024-01-30 | 2024-02-09 | Monthly | $0.1721 |
| 2023-12-28 | 2024-01-08 | Monthly | $0.1720 |
| 2023-11-29 | 2023-12-07 | Monthly | $0.1725 |
| 2023-10-30 | 2023-11-07 | Monthly | $0.1750 |
| 2023-09-28 | 2023-10-06 | Monthly | $0.1750 |
| 2023-08-30 | 2023-09-08 | Monthly | $0.1750 |
| 2023-07-28 | 2023-08-08 | Monthly | $0.1750 |
You can view public filings for the Hamilton Utilities YIELD MAXIMIZER™ ETF on SEDAR+.
Press Releases
View the latest UMAX Press Releases
Fact Sheet
UMAX Fact Sheet (2024-05-31) English Français
ETF Facts
UMAX ETF Facts (2024-06-05) English Français
Prospectus
UMAX Prospectus (2024-06-05) English Français
Financial Statements
Annual Financial Statements (2023-12-31) English Français
Latest Portfolio Summary
Q1 2024 Portfolio Summary (2024-03-31) Download
Independent Review Committee
2023 Annual Report to Securityholders (2024-03-13) Download