Q: HMAX's dividend has been slowly declining since the ETF's inception in 2023. Please offer an explanation for the decline, as well as provide your thoughts on the size of the dividend going forward. This is one of the few investments I hold strictly for the income stream and, if the dividend is likely to continue trending down, I will be moving on. Thank you.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: HMAX ETF pays a dividend of 12%, payout ratio of over 200%, reduces the asset value by the overpayment and unit value is also increased. We would apreciate your comments on the prospects of this ETF and their trading history.
Thanks for your valuable insight.
Thomas
Thanks for your valuable insight.
Thomas
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BMO Canadian Dividend ETF (ZDV $25.10)
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BMO Equal Weight Utilities Index ETF (ZUT $24.08)
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iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $33.20)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
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Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.53)
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Evolve Canadian Utilities Enhanced Yield Index Fund (UTES $9.39)
Q: Hi,
I’m a real estate investor and I love monthly distributions—HMAX and UMAX felt a lot like collecting rent. However, after realizing a significant portion of their payouts is ROC, I’m exploring alternatives that offer high dividends, low ROC, DRIP eligibility, and potential capital appreciation.
My horizon is 20+ years. Could you suggest 2–3 ETF ideas in Financials and Utilities that fit this profile in the Canadian market ideally or global.
Thanks,
I’m a real estate investor and I love monthly distributions—HMAX and UMAX felt a lot like collecting rent. However, after realizing a significant portion of their payouts is ROC, I’m exploring alternatives that offer high dividends, low ROC, DRIP eligibility, and potential capital appreciation.
My horizon is 20+ years. Could you suggest 2–3 ETF ideas in Financials and Utilities that fit this profile in the Canadian market ideally or global.
Thanks,
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Dividend 15 Split Corp. Class A Shares (DFN $6.58)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
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Harvest MicroStrategy High Income Shares ETF (MSTY $9.44)
Q: Hello,
What are your thoughts on having those ETF/MF in ones portfolio with the purpose of generating a stable monthly dividend? Also, I am interested in your thoughts regarding MSTY (US) ETF which appears to pay a dividend of 127.45%. How sustainable is this rate. Looking forward to your thoughts.
What are your thoughts on having those ETF/MF in ones portfolio with the purpose of generating a stable monthly dividend? Also, I am interested in your thoughts regarding MSTY (US) ETF which appears to pay a dividend of 127.45%. How sustainable is this rate. Looking forward to your thoughts.
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NVIDIA Corporation (NVDA $169.17)
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Visa Inc. (V $342.40)
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Robinhood Markets Inc. (HOOD $116.96)
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Brookfield Corporation Class A Limited (BN $66.38)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $78.31)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
Q: NVDA has now grown to 8% of my portfolio and I am considering paring it back down (again) to 5%. I don't have any crypto exposure, so am looking at investing the freed-up funds in HOOD. This would bring my investment in financials to just over 30%. I know you can't comment on individual allocations, but if this were your portfolio and you already held BN, BAM, X, V and HMAX...would you be concerned about putting too many eggs in the same basket? Or would you feel there is sufficient diversity within the already-held funds to add HOOD? Thank you.
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Royal Bank of Canada (RY $199.75)
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Bank of Montreal (BMO $174.69)
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Hamilton Enhanced Canadian Bank ETF (HCAL $30.53)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
Q: I hold these in roughly equal amounts totalling around 30% of my RRIF where income is more important than growth. Should I consolidate these or just leave alone ? Thanks . Derek.
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BMO Canadian High Dividend Covered Call ETF (ZWC $19.24)
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Hamilton Enhanced Canadian Covered Call ETF (HDIV $19.21)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
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NEOS S&P 500 High Income ETF (SPYI $51.66)
Q: Hi,
If you had to choose between the two for "total return" in the present economic environment, which of the two would you choose?
Do you have any other suggestion for covered call income that you would prefer over these two?
Regards
If you had to choose between the two for "total return" in the present economic environment, which of the two would you choose?
Do you have any other suggestion for covered call income that you would prefer over these two?
Regards
Q: I wonder whats happening with this? any ideas?
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BMO Canadian High Dividend Covered Call ETF (ZWC $19.24)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
Q: I have been building a portfolio with ETFs.
ZWC (10.3%) & HMAX (4.97%) makes up the Canadian Income Equity Sector (15.3%)
I am 77 years of age and only interested in Dividends, Interest and Distributions. I have 9 sectors I will present each over the next 2 weeks. Please comment on the 2 ETFs in this sector.
Thank You, Jim
ZWC (10.3%) & HMAX (4.97%) makes up the Canadian Income Equity Sector (15.3%)
I am 77 years of age and only interested in Dividends, Interest and Distributions. I have 9 sectors I will present each over the next 2 weeks. Please comment on the 2 ETFs in this sector.
Thank You, Jim
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iShares S&P/TSX Capped Financials Index ETF (XFN $69.06)
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Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK $8.50)
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BMO Covered Call US Banks ETF (ZWK $25.30)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
Q: In my accounts I hold the above. Would you please rank them for their expected total return over the next 1-3 years. Also with respect to each holding, if applicable, would you please give me a subsitute that you "prefer" or suggest might perform better in the same space.
Thanks,
Terry
Thanks,
Terry
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Mulvihill Canadian Bank Enhanced Yield ETF (CBNK $10.11)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
Q: Please give me your opinion about this AND an alternative Bank ETF. Thanks!
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BMO US Put Write ETF (ZPW $15.58)
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Purpose Premium Yield Fund (PYF $17.30)
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Hamilton Enhanced Canadian Covered Call ETF (HDIV $19.21)
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Hamilton Enhanced U.S. Covered Call ETF (HYLD $14.05)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
Q: Given the current volatile market, option selling etfs seems to offer some tax efficient income while waiting for things to cool down somewhat. What is your opinion on investing in these vehicles? What is the risk / reward equation in an uncertain market. Is there one that you would prefer if you were considering for your income portfolio. Thanks
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QRAFT AI-Enhanced U.S. High Dividend ETF (HDIV)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
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Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.53)
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Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF (ENCL $18.30)
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Hamilton Technology YIELD MAXIMIZER TM ETF (QMAX $22.23)
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Hamilton U.S. Equity YIELD MAXIMIZER TM ETF (SMAX $19.55)
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Evolve Canadian Utilities Enhanced Yield Index Fund (UTES $9.39)
Q: As a retired mainly income investor am I okay to keep holding these ETFs in the current market?
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Hamilton Enhanced U.S. Covered Call ETF (HYLD $14.05)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
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Hamilton Technology YIELD MAXIMIZER TM ETF (QMAX $22.23)
Q: I'm impressed by the performance of the Hamilton Etfs, managing a crazy high 'dividend' and not really losing price. How will the Hamilton covered call ETFs (I've listed only a couple examples) do in a down market -- will they outperform or underperform the market ? I know they are new products; are these ETFs at risk of 'bait and switch' in terms of some unseen fees or reduced distributions?
Q: What are your thoughts on HMAX (Hamilton Etf) and Petroleo Brasileiro NYSE: PBR
Thanks,
Carlos
Thanks,
Carlos
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WisdomTree Emerging Markets SmallCap Dividend Fund (DGS $57.76)
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QRAFT AI-Enhanced U.S. High Dividend ETF (HDIV)
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Global X Gold Producer Equity Covered Call ETF (GLCC $45.70)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
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Harvest Premium Yield Treasury ETF (HPYT $8.99)
Q: I hold the following High dividend players: CALL, DGS, GLCC, HDIV, HMAX, HPYT, QQCC and QQQY. Can you please rate these as safest and best for growth. I am down on HMAX, HPYT and QQQY. I hold so many as I am leery to place all dollars on one player. Or are there some I should sell.
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BCE Inc. (BCE $33.73)
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Saputo Inc. (SAP $34.31)
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Dollarama Inc. (DOL $188.43)
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Maple Leaf Foods Inc. (MFI $35.05)
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Premium Brands Holdings Corporation (PBH $95.16)
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Aritzia Inc. Subordinate Voting Shares (ATZ $83.48)
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Jamieson Wellness Inc. (JWEL $36.98)
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Fortis Inc. (FTS $48.91)
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MDA Space Ltd. (MDA $33.26)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
Q: Hi Group looking for some direction on following stocks. Looking for growth along with some dividend return. \plse give me a couple (5) of your suggestions that fit the guidelines lastly please rate them all 10 being best
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Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK $8.50)
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Global X Canadian Oil and Gas Equity Covered Call ETF (ENCC $10.58)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
Q: Would Canadian funds such as ENCC, BANK, HMAX which hold Canadian stocks be taxed as dividend income or as capital gains income by the CRA ?
I believe that similar funds holding US stocks would be taxed as capital gains.
Thank you.
I believe that similar funds holding US stocks would be taxed as capital gains.
Thank you.
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Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK $8.50)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
Q: Good morning
Sorry for the error in my previous question for income purposes what would be your choice between Hmax and Bank (evolve) and why .
thanks in advance Georges
Sorry for the error in my previous question for income purposes what would be your choice between Hmax and Bank (evolve) and why .
thanks in advance Georges
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BCE Inc. (BCE $33.73)
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goeasy Ltd. (GSY $213.07)
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BMO Equal Weight Utilities Index ETF (ZUT $24.08)
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iShares S&P/TSX Capped Consumer Staples Index ETF (XST $60.59)
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Harvest Healthcare Leaders Income ETF (HHL $7.24)
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.11)
Q: Retired, dividend-income investor. Sitting on roughly 5-6% cash for topping up existing positions to, over time, hit Asset Allocation targets.
Candidates = BCE, GSY, HHL, HMAX, XST, ZUT. If I was deciding to deploy funds to create the largest total return over the next year or two, from their existing valuation, a) in what order would you deploy the funds and b) a short qualifier for each position?
My view = buy in this order:
ZUT = good momentum, room to run before hitting earlier peak
GSY = good value, $150-155 should be excellent value
XST = graph against 50 and 200mda...very tight chart....could buy anytime
HMAX = good value, banks should run
HHL = healthcare stocks should get over their fear of their new boss in a few months....or not. Give it some time.
BCE = last on the list. Just rebought after cap loss capture. Give it even more time.
Thanks for your help....Steve
Candidates = BCE, GSY, HHL, HMAX, XST, ZUT. If I was deciding to deploy funds to create the largest total return over the next year or two, from their existing valuation, a) in what order would you deploy the funds and b) a short qualifier for each position?
My view = buy in this order:
ZUT = good momentum, room to run before hitting earlier peak
GSY = good value, $150-155 should be excellent value
XST = graph against 50 and 200mda...very tight chart....could buy anytime
HMAX = good value, banks should run
HHL = healthcare stocks should get over their fear of their new boss in a few months....or not. Give it some time.
BCE = last on the list. Just rebought after cap loss capture. Give it even more time.
Thanks for your help....Steve