Hamilton Canadian
Financials Yield
Maximizer ETF
Get More from Canadian Financials
Maximize Your Monthly Income with HMAX
Benefits of HMAX
Understanding Covered Calls
Yield Maximizer ETFs Explained
HIGHLIGHTS
13% yield*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 June 30, 2023; monthly distributions
Diversified exposure to Canada’s 10 largest financials with approximately 75% exposure to the ‘big-6’ banks
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 banks/financials exposure
Tax efficient distributions
Reduced volatility from options strategy
FUND OBJECTIVE
HMAX is designed for attractive monthly income, while providing exposure to a market cap-weighted portfolio of Canadian financial services stocks. To reduce volatility and augment dividend income, HMAX will employ an active covered call strategy.
HMAX does not use leverage.
High Yield1
1An 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 net asset value per unit on June 30, 2023.
What Makes HMAX Different?
- TICKER HMAX
- NAV $14.01
- 1 DAY CHANGE +$0.06
-
YIELD *
Current annualized yield, as at June 30, 2023
13% - ASSETS $663.8M
Annualized Returns
- ticker 0.00%
- 1 month -0.48%
- 3 months 12.64%
- 6 months 0.77%
- year to date -0.48%
- 1 year -1.98%
- inception* -0.32%
- as of date 202400.00%
- Overview
- Distributions
- Documents
█ Banks 68.7%
█ Insurance 21.5%
| ticker | name | weight |
| RY | Royal Bank of Canada | 22.7% |
| TD | Toronto-Dominion Bank | 18.2% |
| BMO | Bank of Montreal | 11.3% |
| BN | Brookfield Corp | 10.8% |
| BNS | Bank of Nova Scotia | 9.5% |
| CM | Canadian Imperial Bank of Commerce | 7.0% |
| MFC | Manulife Financial | 6.6% |
| GWO | Great-West Lifeco | 5.2% |
| SLF | Sun Life Financial | 5.0% |
| IFC | Intact Financial | 4.6% |
| Ticker | HMAX |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 40704M106 |
| Inception Date | January 20, 2023 |
| Investment Style | Covered Call |
| Assets | $663.8M CAD* |
| Current Annualized Yield | 13%* |
| Distributions | Monthly |
| Rebalancing | Semi-Annual |
| Management Fee | 0.65% |
| Risk Rating | Medium |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 549300MRZG8IKUDNCP20 |
| Ex-Dividend Date | Paid | Frequency | Amount |
|---|---|---|---|
| 2023-07-28 | 2023-08-08 | Monthly | $0.180 |
| 2023-06-29 | 2023-07-10 | Monthly | $0.180 |
| 2023-05-30 | 2023-06-07 | Monthly | $0.180 |
| 2023-04-27 | 2023-05-05 | Monthly | $0.180 |
| 2023-03-30 | 2023-04-13 | Monthly | $0.185 |
You can view public filings for the Hamilton Canadian Financials Yield Maximizer ETF on SEDAR.
Press Releases
View the latest HMAX Press Releases
Fact Sheet
HMAX Fact Sheet (2023-06-30) English Français
ETF Facts
HMAX ETF Facts (2023-01-13) English Français
Prospectus
HMAX Prospectus (2023-01-13) English Français
Latest Portfolio Summary
Q1 2023 Portfolio Summary (2023-03-31) Download
Independent Review Committee
2022 Annual Report to Securityholders (2023-03-21) Download