Hamilton Utilities
Yield Maximizer ETF
Get More from Canadian Utilities
HIGHLIGHTS
Attractive monthly income, target yield of 13%+*Based on an initial distribution of $0.175, commencing on or about July 28, 2023. An 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 price per unit on June 14, 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 $15.26
- 1 DAY CHANGE -$0.02
-
YIELD *
Current annualized yield, as at June 14, 2023
13%+ - ASSETS $231.6M
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 June 14, 2023.
What Makes UMAX Different?
- Overview
- Distributions
- Documents
█ Pipelines 23.8%
█ Industrials 24.8%
█ Utilities 29.5%
ticker | name | weight |
WCN | Waste Connections Inc | 8.6% |
PPL | Pembina Pipeline Corp | 8.5% |
RCI/B | Rogers Communications Inc | 8.3% |
H | Hydro One Ltd | 8.3% |
CNR | Canadian National Railway Co | 8.2% |
CP | Canadian Pacific Kansas City L | 8.0% |
TRP | TC Energy Corp | 7.7% |
ENB | Enbridge Inc | 7.6% |
FTS | Fortis Inc/Canada | 7.5% |
T | TELUS Corp | 7.5% |
BCE | BCE Inc | 7.1% |
NPI | Northland Power Inc | 6.9% |
EMA | Emera Inc | 6.8% |
Ticker | UMAX |
Exchange | Toronto Stock Exchange (TSX) |
CUSIP | 408125102 |
Inception Date | June 14, 2023 |
Investment Style | Covered Call |
Assets | $231.6M CAD* |
Distributions | Monthly |
Rebalancing | Semi-Annual |
Management Fee | 0.65% |
Risk Rating | Medium |
Auditor | KPMG LLP |
Legal Entity Identifier | 5493000IHVKCP976PG67 |
Ex-Dividend Date | Paid | Frequency | Amount |
---|---|---|---|
2023-07-28 | 2023-08-08 | Monthly | $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 (2023-06-30) English Français
ETF Facts
UMAX ETF Facts (2023-06-07) English Français
Prospectus
UMAX Prospectus (2023-06-07) English Français