Key stats
About HAMILTON CDN FINANCIALS YD MAX ETF UNITS CL E
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Inception date
Jan 20, 2023
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Primary advisor
Hamilton Capital Partners, Inc.
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.
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
Stocks100.93%
Finance100.00%
Bonds, Cash & Other−0.93%
Miscellaneous0.26%
Cash−0.06%
Rights & Warrants−1.13%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
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
HMAX top holdings are Royal Bank of Canada and Toronto-Dominion Bank, occupying 23.83% and 15.59% of the portfolio correspondingly.
HMAX last dividends amounted to 0.17 CAD. The month before, the issuer paid 0.17 CAD in dividends, which shows a 0.90% decrease.
HMAX assets under management is 1.31 B CAD. It's risen 9.07% over the last month.
HMAX fund flows account for 532.08 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, HMAX pays dividends to its holders with the dividend yield of 14.25%. The last dividend (May 7, 2025) amounted to 0.17 CAD. The dividends are paid monthly.
HMAX shares are issued by Hamilton Capital Partners, Inc. under the brand Hamilton. The ETF was launched on Jan 20, 2023, and its management style is Active.
HMAX expense ratio is 0.92% meaning you'd have to pay 0.92% of your investment to help manage the fund.
HMAX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HMAX invests in stocks.
HMAX price has risen by 7.83% over the last month, and its yearly performance shows a 2.29% increase. See more dynamics on HMAX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.68% over the last month, showed a 3.06% increase in three-month performance and has increased by 18.25% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.68% over the last month, showed a 3.06% increase in three-month performance and has increased by 18.25% in a year.
HMAX trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.