Key stats
About HAMILTON UTILS YIELD MAXIMIZER ETF UNIT CL E
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Inception date
Jun 14, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Hamilton Capital Partners, Inc.
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.
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
Utilities
Industrial Services
Communications
Transportation
Stocks100.68%
Utilities33.23%
Industrial Services31.06%
Communications21.66%
Transportation13.99%
Bonds, Cash & Other−0.68%
Cash0.06%
Rights & Warrants−0.73%
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
UMAX invests in stocks. The fund's major sectors are Utilities, with 33.47% stocks, and Industrial Services, with 31.29% of the basket. The assets are mostly located in the North America region.
UMAX top holdings are Hydro One Limited and Fortis Inc., occupying 8.98% and 8.59% of the portfolio correspondingly.
UMAX last dividends amounted to 0.16 CAD. The month before, the issuer paid 0.17 CAD in dividends, which shows a 1.22% decrease.
UMAX assets under management is 746.82 M CAD. It's risen 7.23% over the last month.
UMAX fund flows account for 494.22 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, UMAX pays dividends to its holders with the dividend yield of 14.81%. The last dividend (Jun 6, 2025) amounted to 0.12 CAD. The dividends are paid monthly.
UMAX shares are issued by Hamilton Capital Partners, Inc. under the brand Hamilton. The ETF was launched on Jun 14, 2023, and its management style is Active.
UMAX expense ratio is 0.00% meaning you'd have to pay 0.00% of your investment to help manage the fund.
UMAX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
UMAX invests in stocks.
UMAX price has risen by 0.07% over the last month, and its yearly performance shows a −5.09% decrease. See more dynamics on UMAX price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.30% increase in three-month performance and has increased by 9.32% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.30% increase in three-month performance and has increased by 9.32% in a year.
UMAX trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.