Key stats
About HAMILTON US FINANCIALS YIELD MAXIMI UNITS CLASS E
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Inception date
Feb 6, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Hamilton Capital Partners, Inc.
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks100.69%
Finance89.75%
Commercial Services9.87%
Bonds, Cash & Other−0.69%
Cash0.38%
Rights & Warrants−1.07%
Stock breakdown by region
North America95.00%
Europe5.00%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FMAX invests in stocks. The fund's major sectors are Finance, with 90.71% stocks, and Commercial Services, with 9.98% of the basket. The assets are mostly located in the North America region.
FMAX top holdings are Charles Schwab Corp and Berkshire Hathaway Inc. Class B, occupying 5.29% and 5.29% of the portfolio correspondingly.
FMAX last dividends amounted to 0.16 CAD. The month before, the issuer paid 0.16 CAD in dividends,
FMAX assets under management is 130.84 M CAD. It's risen 9.46% over the last month.
FMAX fund flows account for 73.31 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FMAX pays dividends to its holders with the dividend yield of 10.60%. The last dividend (May 7, 2025) amounted to 0.16 CAD. The dividends are paid monthly.
FMAX shares are issued by Hamilton Capital Partners, Inc. under the brand Hamilton. The ETF was launched on Feb 6, 2024, and its management style is Active.
FMAX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FMAX invests in stocks.
FMAX price has risen by 1.68% over the last month, and its yearly performance shows a 6.31% increase. See more dynamics on FMAX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.44% over the last month, showed a −4.59% decrease in three-month performance and has decreased by −1.44% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.44% over the last month, showed a −4.59% decrease in three-month performance and has decreased by −1.44% in a year.
FMAX trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.