Hamilton Utilities
Yield Maximizer ETF

  • Ticker UMAX
  • Yield % 13.82

Get More from Canadian Utilities

Maximize Your Monthly Income with UMAX

  •  
    Benefits of UMAX
  •  
    Understanding Covered Calls
  •  
    Yield Maximizer ETFs Explained
UMAX FACT SHEET (ENGLISH)
UMAX FACT SHEET (FRANÇAIS)
ETFs FAQ

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

Sector Allocation

As at August 31, 2023

█  Communication Services 22.8%
█  Pipelines 23.3%
█  Industrials 24.5%
█  Utilities 30.0%

Holdings

As at August 31, 2023

tickernameweight
CPCanadian Pacific Kansas City L8.4%
PPLPembina Pipeline Corp8.3%
WCNWaste Connections Inc8.2%
CNRCanadian National Railway Co7.9%
ENBEnbridge Inc7.8%
BCEBCE Inc7.7%
RCI/BRogers Communications Inc7.6%
HHydro One Ltd7.6%
FTSFortis Inc/Canada7.6%
TTELUS Corp7.5%
EMAEmera Inc7.4%
NPINorthland Power Inc7.3%
TRPTC Energy Corp7.3%

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.
TickerUMAX
ExchangeToronto Stock Exchange (TSX)
CUSIP408125102
Inception DateJune 14, 2023
Investment StyleCovered Call
Assets$131.0M CAD*
Current Annualized Yield13.82%*
DistributionsMonthly
RebalancingSemi-Annual
Management Fee0.65%
Risk RatingMedium
AuditorKPMG LLP
Legal Entity Identifier5493000IHVKCP976PG67

Distributions

UMAX 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
2023-09-282023-10-06Monthly$0.175
2023-08-302023-09-08Monthly$0.175
2023-07-282023-08-08Monthly$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

Prospectus

UMAX Prospectus (2023-06-07) English Français

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