Hamilton U.S. Financials YIELD MAXIMIZER (TM) ETF (TSX: FMAX)
Canada
· Delayed Price · Currency is CAD | Assets | 57.79M |
| Expense Ratio | n/a |
| PE Ratio | 19.14 |
| Dividend (ttm) | 0.81 |
| Dividend Yield | 4.79% |
| Ex-Dividend Date | Jun 28, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | 91.35% |
| 1-Year Return | n/a |
| Volume | 1,310 |
| Open | 16.90 |
| Previous Close | 16.93 |
| Day's Range | n/a |
| 52-Week Low | 15.99 |
| 52-Week High | 17.30 |
| Beta | n/a |
| Holdings | n/a |
| Inception Date | Feb 6, 2024 |
About FMAX
The fund seeks to deliver attractive monthly income by holding an equal-weighted portfolio of large-cap US financials companies with a covered call option writing program. Since the fund is actively managed, the fund adviser has full discretion to make adjustments to the portfolio, which is rebalanced at least semi-annually. The fund also utilizes a covered call strategy, which allows the fund to mitigate downside risk and generate income. It generally writes at or slightly out-of-the-money call options with a term of less than two months on up to 100% of the portfolio value. Call options sold by the fund may either be exchange-traded or over-the-counter. Although it provides hedging protection and generates premiums, the use of a covered call strategy may cap the fund's potential gains. Additionally, the fund may hold cash equivalents or money market instruments to meet its obligations.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 28, 2024 | 0.1615 CAD | Jul 8, 2024 |
| May 31, 2024 | 0.163 CAD | Jun 7, 2024 |
| Apr 29, 2024 | 0.163 CAD | May 7, 2024 |
| Mar 27, 2024 | 0.1605 CAD | Apr 5, 2024 |
| Feb 28, 2024 | 0.160 CAD | Mar 7, 2024 |