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  5. HMAX: Just noticed that management fee of HDIV is 0. [Hamilton Canadian Financials Yield Maximizer ETF]
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Q: Just noticed that management fee of HDIV is 0.65, but MER is 2.39. Management fee for HMAX and UMAX is 0.65, but MERs are unstated presumably because it's early days. Do you expect that the MERs of HMAX and UMAX will be over 2%?
Asked by Roderick on July 19, 2023
5i Research Answer:

We would be quite surprised if total MERs come in above 2% over a longer period. We do not think assets would grow much if this were the case, considering most ETFs have fees less than 1.00% and some are as low as 0.06%. 

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