Hamilton Utilities YIELD MAXIMIZER™ ETF
Maximize Income from Canadian Utilities
HIGHLIGHTS
Yield of 14.35%*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 May 30, 2025. The yield calculation excludes any additional year end distributions and does not include reinvested distributions.
Monthly distributions
Flexible coverage ratio adjusted to achieve target yield and preserve upside
Active covered call strategy managed by options team with 40+ years of experience, led by Nick Piquard
A GOOD FIT FOR INVESTORS WHO WANT
Higher monthly income
Diversified exposure to Canada’s largest utilities, pipelines, telecoms, and railways
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 $13.66
- 1 DAY CHANGE +$0.10
-
YIELD % *
Current annualized yield.
14.35 - ASSETS $752.4M
Total Returns (incl. Dividends)
- ticker 0.00%
- 1 month 2.22%
- 3 months 1.34%
- 6 months 0.48%
- year to date 5.25%
- 1 year 9.80%
- inception* 6.02%
- as of date 202500.00%
Hamilton YIELD MAXIMIZER™ ETFs
- Overview
- Distributions
- Documents
█ Pipelines 22.8%
█ Industrials 23.1%
█ Utilities 32.1%
| ticker | name | weight |
| EMA | Emera Inc | 8.5% |
| T | TELUS Corp | 8.1% |
| BIP-U | Brookfield Infrastructure Part | 8.1% |
| FTS | Fortis Inc/Canada | 8.1% |
| CP | Canadian Pacific Kansas City L | 7.9% |
| TRP | TC Energy Corp | 7.9% |
| WCN | Waste Connections Inc | 7.9% |
| H | Hydro One Ltd | 7.8% |
| ENB | Enbridge Inc | 7.7% |
| CNR | Canadian National Railway Co | 7.6% |
| PPL | Pembina Pipeline Corp | 7.4% |
| RCI/B | Rogers Communications Inc | 7.2% |
| BCE | BCE Inc | 6.9% |
| Ticker | UMAX |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 408125102 |
| Inception Date | June 14, 2023 |
| Investment Style | Covered Call |
| Assets | $752.4M CAD* |
| Target Yield | 12%* |
| Current Annualized Yield | 14.35%* |
| Distributions | Monthly |
| Rebalancing | Semi-Annual |
| Management Fee | 0.65% |
| Risk Rating | Medium |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 5493000IHVKCP976PG67 |
| Ex-Dividend Date | Pay Date | Frequency | Amount |
|---|---|---|---|
| 2025-05-30 | 2025-06-06 | Monthly | $0.1640 |
| 2025-04-30 | 2025-05-07 | Monthly | $0.1660 |
| 2025-03-31 | 2025-04-07 | Monthly | $0.1675 |
| 2025-02-28 | 2025-03-07 | Monthly | $0.1680 |
| 2025-01-31 | 2025-02-07 | Monthly | $0.1675 |
| 2024-12-31 | 2025-01-08 | Monthly | $0.1690 |
| 2024-11-29 | 2024-12-06 | Monthly | $0.1700 |
| 2024-10-31 | 2024-11-07 | Monthly | $0.1705 |
| 2024-09-27 | 2024-10-07 | Monthly | $0.1700 |
| 2024-08-30 | 2024-09-09 | Monthly | $0.1690 |
| 2024-07-31 | 2024-08-08 | Monthly | $0.1695 |
| 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 (2025-03-31) English Français
ETF Facts
UMAX ETF Facts (2024-06-05) English Français
Prospectus
UMAX Prospectus (2024-06-05) English Français
Financial Statements & MRFP
Annual Report (2024-12-31) English Français
Interim Report (2024-06-30) English Français
Latest Portfolio Summary
Q1 2025 Portfolio Summary (2025-03-31) Download
Proxy Voting
Proxy Voting Report (2023-07 to 2024-06) Download
Independent Review Committee
2024 Annual Report to Securityholders (2025-03-11) Download