Hamilton Utilities
YIELD MAXIMIZER™
ETF

  • Ticker UMAX
  • Last Distribution $0.1716

Higher Income from Canadian Utilities

Maximize Your Monthly Income with UMAX

  •  
    Benefits of UMAX
  •  
    Understanding Covered Calls
  •  
    Yield Maximizer ETFs Explained

HIGHLIGHTS

Last distribution of $0.1716 per unit*Last distribution per unit. Distributions are subject to change. For a complete list of historical distributions, please see the Distributions tab below.; 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 $14.51
  • 1 DAY CHANGE +$0.04
  • LAST DISTRIBUTION *

    Last distribution per unit. Distributions are subject to change. For a complete list of historical distributions, please see the Distributions tab below.

    $0.1716
  • ASSETS $259.2M

Attractive Monthly Income

 

What Makes UMAX Different?

 

  • Overview
  • Distributions
  • Documents

Sector Allocation

As at March 28, 2024

  Communication Services 22.7%
  Pipelines 23.5%
  Industrials 23.3%
  Utilities 31.2%

Holdings

As at March 28, 2024

tickernameweight
BIP-UBrookfield Infrastructure Part8.3%
ENBEnbridge Inc7.9%
CNRCanadian National Railway Co7.9%
PPLPembina Pipeline Corp7.8%
TRPTC Energy Corp7.8%
WCNWaste Connections Inc7.7%
EMAEmera Inc7.7%
FTSFortis Inc/Canada7.7%
BCEBCE Inc7.7%
CPCanadian Pacific Kansas City L7.6%
RCI/BRogers Communications Inc7.5%
TTELUS Corp7.5%
HHydro One Ltd7.4%

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$259.2M CAD*
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. The annual tax information is available here.
Ex-Dividend DatePaidFrequencyAmount
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 (2024-03-28) English Français

ETF Facts

UMAX ETF Facts (2023-06-07) English Français

Prospectus

UMAX Prospectus (2023-06-07) English Français

Financial Statements

Annual Financial Statements (2023-12-31) English Français

Latest Portfolio Summary

Q3 2023 Portfolio Summary (2023-09-30) Download

Independent Review Committee

2023 Annual Report to Securityholders (2024-03-13) Download

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