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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

Comment by King-of-Kingson Mar 22, 2024 2:41pm
212 Views
Post# 35947735

RE:RE:Feb Distributions for HMAX

RE:RE:Feb Distributions for HMAXTheir target return is 13%. Currently, they are generating more than 14%. The fund is relatively new, and as they gather more data and more experience, they are making continuous adjustments until they are confident in their strategy. I noticed from the T5 they sent, that there was a little bit of return of capital portion reported. They normally rely on return of capital to achieve their 13% yield goal. But if they don't need to give out return of capital, why do it if you don't need it? Return of capital takes away from potential capital gains in the future, and therefore the lower portion the better. 
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