Hamilton Utilities
Yield Maximizer ETF
Get More from Canadian Utilities

HIGHLIGHTS
Attractive monthly income, yield of 13.82%*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 August 31, 2023; monthly distributions
Diversified exposure to Canada’s largest utilities, pipelines, telecoms, and railways
Dynamic covered call strategy to enhance monthly income and reduce volatility
Options strategy actively managed by Nick Piquard, with over 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 $15.04
- 1 DAY CHANGE +$0.06
-
YIELD *
Current annualized yield, as at August 31, 2023
13.82% - ASSETS $131.0M
High Yield1
1An estimate of the annualized yield an investor would receive if the target distribution remained unchanged for the next 12 months, stated as a percentage of the net asset value per unit on August 31, 2023.
What Makes UMAX Different?
- Overview
- Distributions
- Documents
█ Pipelines 23.3%
█ Industrials 24.5%
█ Utilities 30.0%
ticker | name | weight |
CP | Canadian Pacific Kansas City L | 8.4% |
PPL | Pembina Pipeline Corp | 8.3% |
WCN | Waste Connections Inc | 8.2% |
CNR | Canadian National Railway Co | 7.9% |
ENB | Enbridge Inc | 7.8% |
BCE | BCE Inc | 7.7% |
RCI/B | Rogers Communications Inc | 7.6% |
H | Hydro One Ltd | 7.6% |
FTS | Fortis Inc/Canada | 7.6% |
T | TELUS Corp | 7.5% |
EMA | Emera Inc | 7.4% |
NPI | Northland Power Inc | 7.3% |
TRP | TC Energy Corp | 7.3% |
Ticker | UMAX |
Exchange | Toronto Stock Exchange (TSX) |
CUSIP | 408125102 |
Inception Date | June 14, 2023 |
Investment Style | Covered Call |
Assets | $131.0M CAD* |
Current Annualized Yield | 13.82%* |
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 |
---|---|---|---|
2023-09-28 | 2023-10-06 | Monthly | $0.175 |
2023-08-30 | 2023-09-08 | Monthly | $0.175 |
2023-07-28 | 2023-08-08 | Monthly | $0.175 |
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 (2023-08-31) English Français
ETF Facts
UMAX ETF Facts (2023-06-07) English Français