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 EdPaquetteon Jul 07, 2023 8:23am

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Post# 35530495

RE:RE:RE:RE:RE:New here

I strongly disagree, and ive been owning splits for 20 years. Any decay in nav is serious. The underlying stocks pay dividends, and you should think thats roughly equal to what gets paid to the preferreds. The growth of the underlying stocks roughly gets converted into dividends for the commons. Covered calls roughly cover the expenses and profits to run the fund. And compared to bk, this fund has only a tiny few months of records.

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