Hamilton Utilities YIELD MAXIMIZER (TM) ETF (TSX: UMAX)
Canada
· Delayed Price · Currency is CAD | Assets | 302.88M |
| Expense Ratio | n/a |
| PE Ratio | 21.53 |
| Dividend (ttm) | 2.07 |
| Dividend Yield | 14.76% |
| Ex-Dividend Date | Jun 28, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | 317.90% |
| 1-Year Return | -14.63% |
| Volume | 25,603 |
| Open | 13.90 |
| Previous Close | 13.89 |
| Day's Range | n/a |
| 52-Week Low | 13.81 |
| 52-Week High | 16.57 |
| Beta | 0.58 |
| Holdings | 35 |
| Inception Date | Jun 14, 2023 |
About UMAX
The fund uses a covered call strategy while providing exposure to utility services companies from Canada and the United States. The advisor selects stocks based on market-cap with consideration to liquidity, sub-sectors within the portfolio, and dividend yield. The actively managed fund also considers companies from subsectors such as utilities, pipelines, telecommunications and industrials. The covered call option writing strategy 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 one to two months on up to 100% of the portfolios value. The advisor reviews holdings on an ongoing basis with full discretion to add, remove, or substitute securities.
Performance
UMAX had a total return of -14.63% in the past year. Since the fund's inception, the average annual return has been -13.34%, including dividends.
Top 10 Holdings
77.92% of assets| Name | Symbol | Weight |
|---|---|---|
| Pembina Pipeline Corporation | PPL | 8.04% |
| Enbridge Inc. | ENB | 8.02% |
| Fortis Inc. | FTS | 7.99% |
| BCE Inc. | BCE | 7.83% |
| TELUS Corporation | T | 7.80% |
| Brookfield Infrastructure Partners L.P. | BIP | 7.77% |
| Emera Incorporated | EMA | 7.75% |
| Canadian National Railway Company | CNR | 7.66% |
| TC Energy Corporation | TRP | 7.54% |
| Rogers Communications Inc. | RCI.B | 7.51% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 28, 2024 | 0.1695 CAD | Jul 8, 2024 |
| May 31, 2024 | 0.171 CAD | Jun 7, 2024 |
| Apr 29, 2024 | 0.171 CAD | May 7, 2024 |
| Mar 27, 2024 | 0.1716 CAD | Apr 5, 2024 |
| Feb 28, 2024 | 0.1715 CAD | Mar 7, 2024 |
| Jan 30, 2024 | 0.1721 CAD | Feb 9, 2024 |