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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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  • JrOGInvestorX
Post by JrOGInvestoron Jan 27, 2025 7:34am
326 Views
Post# 36421861

Investment Opportunity

Investment Opportunity I've flagged HMAX / UMAX as front runners for income investment vehicles to carry me into retirement. While it looks like there isn't a whole lot of share fluctuations, by design, the dividend is certainly attractive. I haven't fully wrapped my head around a 'covered call' strategy so if someone could simplify it for me that would help. Also I'm wondering what would happen in the case of one of their holdings, RBC. It makes up nearly 25 percent of their holdings, so I'm curious as Canadian Bank stocks historically split once they are comfortably over a certain share price like 150 per share. What happens in the case of HMAX if RY split?
Thanks. 
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