TORONTO, September 8, 2023 – Hamilton Capital Partners Inc. (“Hamilton ETFs“) is pleased to announce that it has obtained a receipt from the Ontario Securities Commission for the final prospectus of three new products within its suite of yield maximizer ETFs: Hamilton U.S. Bond Yield Maximizer ETF (HBND), Hamilton Technology Yield Maximizer ETF (QMAX) and Hamilton U.S. Equity Yield Maximizer ETF (SMAX). The Toronto Stock Exchange (the TSX) has also provided its conditional listing approval for these new ETFs.
HBND, the first of its kind in Canada, is expected to launch and commence trading on the TSX on or about September 15, 2023, with QMAX and SMAX to follow in Q4 2023.
“We are excited to introduce these new yield-focused products to our line-up this fall, including Canada’s first covered call bond ETF[1]. With an initial target yield of 10%[2], HBND, is designed for investors looking for higher yield from the fixed income portion of their portfolios. Providing exposure to U.S. treasuries and an active covered call strategy, HBND combines the strength and security of U.S. government bonds with the higher income potential and tax-efficiency of covered calls”, said Pat Sommerville, Senior Partner and Head of Business Development at Hamilton ETFs.
| ETF | Ticker (TSX) | Investment Objective | Indicated Yield[3] |
| Hamilton U.S. Bond Yield Maximizer ETF | HBND | To deliver attractive monthly income, while providing exposure primarily to U.S. treasuries through a portfolio of bond exchange traded funds. To supplement distribution income earned on the exchange traded fund holdings, mitigate risk and reduce volatility, HBND will employ a covered call option writing program. | 10.1% |
| Hamilton Technology Yield Maximizer ETF | QMAX | To deliver attractive monthly income, while providing exposure to a portfolio of primarily large-cap U.S.-exchange traded technology equity securities. To supplement dividend income earned on the equity holdings, mitigate risk and reduce volatility, QMAX will employ a covered call option writing program. | 13.1% |
| Hamilton U.S. Equity Yield Maximizer ETF | SMAX | To deliver attractive monthly income, while providing exposure to a portfolio of primarily large-cap U.S. equity securities. To supplement dividend income earned on the equity holdings, mitigate risk and reduce volatility, SMAX will employ a covered call option writing program. | 12.0% |
For more information on HBND, QMAX and SMAX, as well as the rest of Hamilton ETFs’ innovative suite of ETFs, please visit www.hamiltonetfs.com. A copy of the ETFs’ final prospectus is also available on SEDAR+ at www.sedarplus.ca.
About Hamilton Capital Partners Inc. (Hamilton ETFs)
With $2.8 billion in assets under management, Hamilton ETFs is one of Canada’s fastest growing ETF providers, offering a suite of innovative exchange traded funds (ETFs) designed to maximize income and growth from trusted sectors in Canada and across the globe. The firm is also an active commentator on the global financial services sector and Canadian banks; and the firm’s most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.
Commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “anticipate”, “believe”, “intend” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Hamilton ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.
For investor inquiries: Contact Hamilton ETFs at (416) 941-9888, [email protected]
For media inquiries: Contact Patrick Sommerville, Senior Partner, Head of Business Development, (416) 941-9250, [email protected]
[1] Based on the universe of ETFs that trade on the Toronto Stock Exchange, as of September 8, 2023.
[2] An estimate of the annualized yield an investor would receive if the monthly distribution remained unchanged for the next 12 months, stated as a percentage of the net asset value per unit on September 8, 2023.
[3] Subject to change based on market fluctuations.