Hamilton Canadian Financials YIELD MAXIMIZER (TM) ETF (TSX: HMAX)
Canada
· Delayed Price · Currency is CAD | Assets | 796.71M |
| Expense Ratio | 0.92% |
| PE Ratio | 14.18 |
| Dividend (ttm) | 2.10 |
| Dividend Yield | 15.55% |
| Ex-Dividend Date | Jun 28, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | 224.42% |
| 1-Year Return | -7.35% |
| Volume | 268,063 |
| Open | 13.38 |
| Previous Close | 13.34 |
| Day's Range | n/a |
| 52-Week Low | 12.54 |
| 52-Week High | 14.94 |
| Beta | 1.07 |
| Holdings | 26 |
| Inception Date | Jan 20, 2023 |
About HMAX
The fund seeks to deliver attractive monthly income through a market cap-weighted portfolio of the top 10 TSX-listed Canadian financial services stocks by market cap. It may also invest in other securities, including other funds for direct or indirect exposure to the same securities. The portfolio is reconstituted and rebalanced semi-annually. In addition, the fund actively manages a covered call option writing program to mitigate downside risk and generate income. The strategy allows to write at or slightly out-of-the-money call options on up to 100% of the portfolios value. The covered call options must be traded on a North American stock exchange or through over-the counter options. The amount of option premiums is partly determined by the expected price volatility of the underlying security. The fund may also hold cash and cash equivalents or other money-market instruments. As an actively managed fund, the portfolio managers have full discretion to make buy, sell, hold decisions at any time, including handling of call options.
Performance
HMAX had a total return of 8.01% in the past year. Since the fund's inception, the average annual return has been -11.39%, including dividends.
Top 10 Holdings
99.66% of assets| Name | Symbol | Weight |
|---|---|---|
| Royal Bank of Canada | RY | 24.52% |
| The Toronto-Dominion Bank | TD | 15.69% |
| Brookfield Corporation | BN | 11.40% |
| Bank of Montreal | BMO | 10.07% |
| The Bank of Nova Scotia | BNS | 9.21% |
| Manulife Financial Corporation | MFC | 7.40% |
| Canadian Imperial Bank of Commerce | CM | 7.36% |
| Intact Financial Corporation | IFC | 4.75% |
| Sun Life Financial Inc. | SLF | 4.69% |
| Great-West Lifeco Inc. | GWO | 4.59% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 28, 2024 | 0.1695 CAD | Jul 8, 2024 |
| May 31, 2024 | 0.1715 CAD | Jun 7, 2024 |
| Apr 29, 2024 | 0.171 CAD | May 7, 2024 |
| Mar 27, 2024 | 0.1731 CAD | Apr 5, 2024 |
| Feb 28, 2024 | 0.173 CAD | Mar 7, 2024 |
| Jan 30, 2024 | 0.1746 CAD | Feb 9, 2024 |