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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 AXPROon Nov 06, 2023 6:57pm
316 Views
Post# 35720445

RE:RE:October Dividend

RE:RE:October DividendBefore you think that to be the case, try to find out of what financial 'components' their distribution actually is made up. They may include 'return of investments' (like various other yield ETF's do).

I was personally surprised that e.g. HDIV or HDIF only had tiny dividend, more foreign income and over 50% return of investment.

You should also be very aware that e.g. the three types I mentioned all affect taxes different, with return of investment being fully exempt of taxes.

Rgrds,

AXPro
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