HMAX is the Hamilton Canadian Financials Yield Maximizer ETF, one of 26 Hamilton funds in Covered Call Directory. It is listed on the TSX, trades in Canadian dollars and pays distributions monthly. It launched in January 2023 and has a management expense ratio (MER) of 0.77%.
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Fund Information
Yield Maximizer Options Strategy
Yield Maximizer funds own their holdings outright and sell at-the-money call options, with strikes set at today's price, on part of the portfolio. At-the-money calls tend to pay the highest premiums. The managers adjust how much is covered as markets change, balancing monthly income against room to grow. Most of the funds holding U.S. or global assets are unhedged; the Canadian-dollar units of HBIL and HBND are hedged.
Recent Distributions
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2026 Financials & Banks Ranking
HMAX ranks #12 of 19 Financials & Banks covered call ETFs by total return so far in 2026.
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All 26 Hamilton FundsLive figures update through the trading day and can be delayed. Not investment advice — check the provider's documents before investing.