Hamilton Utilities Yield Maximizer ETF Units (TSX: UMAX)
Canada
· Delayed Price · Currency is CAD 14.73
+0.04 (0.27%)
May 17, 2024, 3:59 PM EDT
-8.34% (1Y)
| Assets | 278.88M |
| Expense Ratio | n/a |
| PE Ratio | 21.14 |
| Dividend (ttm) | 1.73 |
| Dividend Yield | 11.76% |
| Ex-Dividend Date | Apr 29, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | 249.30% |
| 1-Year Return | n/a |
| Volume | 58,961 |
| Open | 14.69 |
| Previous Close | 14.69 |
| Day's Range | 14.67 - 14.73 |
| 52-Week Low | 13.95 |
| 52-Week High | 16.57 |
| Beta | 0.58 |
| Holdings | 27 |
| 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.
Asset Class Equity
Category Utilities
Region North America
Stock Exchange TSX
Ticker Symbol UMAX
Provider Hamilton
Top 10 Holdings
78.09% of assets| Name | Symbol | Weight |
|---|---|---|
| Enbridge Inc. | ENB | 8.11% |
| Pembina Pipeline Corporation | PPL | 8.09% |
| Fortis Inc. | FTS | 8.06% |
| TELUS Corporation | T | 7.91% |
| Emera Incorporated | EMA | 7.91% |
| BCE Inc. | BCE | 7.81% |
| Waste Connections, Inc. | WCN | 7.68% |
| Canadian National Railway Company | CNR | 7.59% |
| Hydro One Limited | H | 7.52% |
| Brookfield Infrastructure Partners L.P. | BIP | 7.40% |
Dividend History
| Ex-Dividend | Amount |
|---|---|
| Apr 29, 2024 | 0.171 CAD |
| Mar 27, 2024 | 0.172 CAD |
| Feb 28, 2024 | 0.172 CAD |
| Jan 30, 2024 | 0.172 CAD |
| Dec 28, 2023 | 0.172 CAD |
| Nov 29, 2023 | 0.173 CAD |