Hamilton Canadian Financials Yield Maximizer ETF T.HMAX

Alternate Symbol(s): HFMXF

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

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Comment by Steamoon Apr 12, 2023 2:18pm

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Post# 35391216

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

I would think it's the stock that gets called away not the option premium, no? The fund should keep the premium no matter what. And then with the proceeds of the sale of the called stock they will just repurchase fewer shares of the same stock at higher prices, and sell a new option on it. Thus foregoing the upside appreciation on the underlying but continuing to receive premiums on the options. I thought that's how it worked, anyways...

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