Hamilton Utilities YIELD MAXIMIZER™ ETF

  • Ticker UMAX
  • Yield % 13.74

Maximize Income from Canadian Utilities

UMAX FACT SHEET (English)
UMAX FACT SHEET (Français)
YIELD MAXIMIZER ETFs

HIGHLIGHTS

Yield of 13.74%*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 April 30, 2026. The yield calculation excludes any additional year end distributions and does not include reinvested distributions., with monthly distributions

Diversification beyond single stocks with exposure to Canadian utilities, telecoms, pipelines, and railways

Flexible coverage ratio adjusted to achieve target yield and preserve upside

Active covered call strategy managed by options team with 50+ 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 OVERVIEW

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.

Insights

Higher Income from Canadian Utilities | UMAXMore
Hamilton ETFs Announces Plans to Launch Two New YIELD MAXIMIZER™ ETFs with Filing of Preliminary ProspectusMore
Volatility Is Back — and Likely Here to StayMore

Performance

  • TICKER UMAX
  • NAV $13.54
  • 1 DAY CHANGE +$0.16
  • YIELD % *

    Current annualized yield.

     13.74
  • ASSETS $1334.9M

Total Returns (incl. Dividends)

As at April 30, 2026

  • ticker 0.0%
  • 1 month -0.5%
  • 3 months 4.0%
  • 6 months 6.8%
  • ytd 5.6%
  • 1 year 12.7%
  • inception* 7.7%
  • as of date 202600.0%

Hamilton Utilities YIELD MAXIMIZER™ ETF

  • Overview
  • Distributions
  • Documents

Sector Allocation

As at April 30, 2026

█  Communication Services 21.4%
█  Pipelines 24.4%
█  Industrials 23.6%
█  Utilities 30.6%

Holdings

As at April 30, 2026

tickernameweight
TRPTC Energy Corp8.4%
CPCanadian Pacific Kansas City L8.4%
PPLPembina Pipeline Corp8.3%
ENBEnbridge Inc8.1%
CNRCanadian National Railway Co8.1%
HHydro One Ltd8.1%
EMAEmera Inc7.8%
FTSFortis Inc/Canada7.7%
WCNWaste Connections Inc7.5%
RCI/BRogers Communications Inc7.4%
BIP-UBrookfield Infrastructure Part7.4%
BCEBCE Inc7.2%
TTELUS Corp7.1%
Cash and Other Assets/Liabilities-0.8%
Written Call Options-0.9%

Fund Details

 

All Hamilton ETFs are available for purchase on the Toronto Stock Exchange (TSX) or Cboe Canada, 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$1334.9M CAD*
Current Annualized Yield13.74%*
DistributionsMonthly
Currency HedgingNone
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. The annual tax information is available here.
Ex-Dividend DatePay DateFrequencyAmount
2026-04-302026-05-07Monthly$0.1520
2026-03-312026-04-08Monthly$0.1550
2026-02-272026-03-06Monthly$0.1570
2026-01-302026-02-06Monthly$0.1570
2025-12-312026-01-08Monthly$0.1580
2025-11-282025-12-05Monthly$0.1600
2025-10-312025-11-07Monthly$0.1590
2025-09-292025-10-07Monthly$0.1600
2025-08-292025-09-08Monthly$0.1615
2025-07-312025-08-08Monthly$0.1620
2025-06-302025-07-08Monthly$0.1620
2025-05-302025-06-06Monthly$0.1640
2025-04-302025-05-07Monthly$0.1660
2025-03-312025-04-07Monthly$0.1675
2025-02-282025-03-07Monthly$0.1680
2025-01-312025-02-07Monthly$0.1675
2024-12-312025-01-08Monthly$0.1690
2024-11-292024-12-06Monthly$0.1700
2024-10-312024-11-07Monthly$0.1705
2024-09-272024-10-07Monthly$0.1700
2024-08-302024-09-09Monthly$0.1690
2024-07-312024-08-08Monthly$0.1695
2024-06-282024-07-08Monthly$0.1695
2024-05-312024-06-07Monthly$0.1710
2024-04-292024-05-07Monthly$0.1710
2024-03-272024-04-05Monthly$0.1716
2024-02-282024-03-07Monthly$0.1715
2024-01-302024-02-09Monthly$0.1721
2023-12-282024-01-08Monthly$0.1720
2023-11-292023-12-07Monthly$0.1725
2023-10-302023-11-07Monthly$0.1750
2023-09-282023-10-06Monthly$0.1750
2023-08-302023-09-08Monthly$0.1750
2023-07-282023-08-08Monthly$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 (2026-04-30) English Français

ETF Facts

UMAX ETF Facts (2025-08-14) English Français

Prospectus

UMAX Prospectus (2025-08-14) English Français

Financial Statements & MRFP

Annual Report (2025-12-31) English Français
Interim Report (2025-06-30) English Français

Latest Portfolio Summary

Q1 2026 Portfolio Summary (2026-03-31) Download

Proxy Voting

Proxy Voting Report (2024-07 to 2025-06) Download

Independent Review Committee

2025 Annual Report to Securityholders (2026-03-06) Download

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