Hamilton Capital Partners Inc. (“Hamilton ETFs”) is pleased to announce the launch of four new Yield Maximizer ETFs: Hamilton Gold Producers Yield Maximizer ETF (“AMAX”), Hamilton Energy Yield Maximizer ETF (“EMAX”), Hamilton U.S. Financials Yield Maximizer ETF (“FMAX”) and Hamilton Healthcare Yield Maximizer ETF (“LMAX”; collectively, the “New Yield Maximizer ETFs”).
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ETF Name
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Ticker
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Investment Objective
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Hamilton Gold Producer Yield Maximizer ETF
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AMAX
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To deliver attractive monthly income, while providing exposure to an equal-weighted equity portfolio of primarily gold producers, domiciled/listed principally in Canada and the United States.
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Hamilton Energy Yield Maximizer ETF
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EMAX
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To deliver attractive monthly income, while providing exposure to an equal-weighted equity portfolio of energy companies, primarily domiciled/listed in Canada and the United States.
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Hamilton U.S. Financials Yield Maximizer ETF
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FMAX
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To deliver attractive monthly income, while providing exposure to an equal-weighted equity portfolio of financial services companies, primarily domiciled/listed in the United States.
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Hamilton Healthcare Yield Maximizer ETF
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LMAX
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To deliver attractive monthly income, while providing exposure to an equal-weighted equity portfolio of healthcare companies, primarily domiciled/listed in the United States.
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To reduce volatility, mitigate risk and augment dividend income, each of the New Yield Maximizer ETFs will employ an active covered call strategy.
The New Yield Maximizer ETFs have each closed the offering of their respective initial Class E units. Units of the New Yield Maximizer ETFs will begin trading on Wednesday, February 7, 2024, on the Toronto Stock Exchange (“TSX”) under the ticker symbols noted above.
The addition of the New Yield Maximizer ETFs expands on Hamilton ETFs’ popular Yield Maximizer ETF suite, bringing the offering to nine across a wide range of North American equity sectors and fixed income1.
“Our Yield Maximizer ETFs continue to be a popular choice for investors seeking higher tax-efficient monthly income for their portfolios, and we are excited to broaden the suite with these additional sector-specific ETFs. Like our other Yield Maximizer ETFs, AMAX (gold), EMAX (energy), FMAX (U.S. financials) and LMAX (healthcare) will employ an innovative, income-first approach to covered call writing, managed by our experienced options team to help investors achieve their monthly income goals,” said Pat Sommerville, Senior Partner and Head of Business Development at Hamilton ETFs.
For more information on the New Yield Maximizer ETFs, as well as the rest of Hamilton ETFs’ suite of products, please visit www.hamiltonetfs.com.
About Hamilton Capital Partners Inc. (Hamilton ETFs)
With over $3.8 billion in assets under management, Hamilton ETFs is one of Canada’s fastest growing exchange traded fund (“ETF”) providers, offering a suite of innovative exchange traded funds designed to maximize income and growth from trusted sectors in Canada and across the globe. Hamilton ETFs is also an active commentator on the global financial services sector and Canadian banks. Hamilton ETFs’ most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.
Commissions, management fees and expenses all may be associated with an investment in ETFs. Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Hamilton ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.
1 Other ETFs in the Yield Maximizer ETF line-up include: HMAX (Hamilton Canadian Financials Yield Maximizer ETF), UMAX (Hamilton Utilities Yield Maximizer ETF), HBND (Hamilton U.S. Bond Yield Maximizer ETF), SMAX (Hamilton U.S. Equity Yield Maximizer ETF) and QMAX (Hamilton Technology Yield Maximizer ETF), all of which are listed on the TSX.
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