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  5. UMAX: Does the 30-40% of the dividend being return of capital in this fund mean that NAV is always being eroded? [Hamilton Utilities YIELD MAXIMIZER TM ETF]

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Q: Does the 30-40% of the dividend being return of capital in this fund mean that NAV is always being eroded? I want to buy this for the long term but not if NAV is obviously always declining.
Asked by Michael on September 23, 2024
5i Research Answer:
Hamilton's website shows a much higher percentage of ROC. Return of capital does not...
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