Hamilton U.S. Equity YIELD MAXIMIZER (TM) ETF (TSX: SMAX)
Canada
· Delayed Price · Currency is CAD | Assets | 419.14M |
| Expense Ratio | n/a |
| PE Ratio | 27.43 |
| Dividend (ttm) | 1.82 |
| Dividend Yield | 9.66% |
| Ex-Dividend Date | Jun 28, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | 264.10% |
| 1-Year Return | n/a |
| Volume | 5,769 |
| Open | 18.75 |
| Previous Close | 18.73 |
| Day's Range | n/a |
| 52-Week Low | 15.79 |
| 52-Week High | 18.82 |
| Beta | -0.10 |
| Holdings | 51 |
| Inception Date | Oct 25, 2023 |
About SMAX
The fund seeks to deliver attractive monthly income by holding a large-cap US equity portfolio with a covered call option writing program. The fund adviser aims for a representative sector mix of the US equity market. Since the fund is actively managed, the 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.
Top 10 Holdings
44.51% of assets| Name | Symbol | Weight |
|---|---|---|
| NextEra Energy, Inc. | NEE | 5.10% |
| NVIDIA Corporation | NVDA | 4.79% |
| GE Aerospace | GE | 4.53% |
| Alphabet Inc. | GOOGL | 4.53% |
| Apple Inc | AAPL | 4.34% |
| Eli Lilly and Company | LLY | 4.30% |
| Tesla, Inc. | TSLA | 4.26% |
| Exxon Mobil Corporation | XOM | 4.24% |
| JPMorgan Chase & Co. | JPM | 4.24% |
| Broadcom Inc. | AVGO | 4.18% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 28, 2024 | $0.172 | Jul 8, 2024 |
| May 31, 2024 | $0.170 | Jun 7, 2024 |
| Apr 29, 2024 | $0.170 | May 7, 2024 |
| Mar 27, 2024 | $0.165 | Apr 5, 2024 |
| Feb 28, 2024 | $0.165 | Mar 7, 2024 |
| Jan 30, 2024 | $0.161 | Feb 9, 2024 |