Hamilton Canadian Financials Yield Maximizer ETF T.HMAX

The Hamilton Canadian Financials Yield Maximizer ETF is designed to provide higher monthly income from Canadas 10 largest financial services companies while employing an active covered call strategy. The investment objective of HMAX is to deliver attractive monthly income, while providing exposure to a market cap-weighted portfolio of Canadian financial services equity securities. To supplement dividend income earned on the equity holdings, mitigate risk and reduce volatility, HMAX will employ a covered call option writing program.

TSX:HMAX - Post by User

Hamilton Canadian Financials Yield Maximizer ETF > Put all my savings into HMAX and retire?

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Comment by silverbear46on Apr 11, 2023 8:27pm

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Post# 35389739

RE:RE:Put all my savings into HMAX and retire?

I have owned HMAX since it was issued.
The only concern that I have is that by writing at the money call options, they run the risk of getting "called away" as the option moves above the strike. Then, there goes the premium that makes up a significant part of the dividend. I'm sure that they have hedged this risk, but this was not made clear in the prospectus.

I also own ENCC. Stable ETF and great dividend!

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A junior copper-gold stock trading at a bargain of monumental proportions