Question 1

What is UMAX?

Accepted Answer

UMAX — Hamilton Utilities YIELD MAXIMIZER ETF — is a Canadian-listed ETF trading on the TSX. UMAX is designed for attractive monthly income, while providing exposure to a portfolio of utility services equity securities, primarily domiciled/listed in Canada and the U.S. To reduce volatility and augment dividend income, UMAX will employ an active covered call strategy.

Question 2

What is the UMAX ETF price today?

Accepted Answer

UMAX last traded at $13.26 CAD on the TSX. See the price chart above for recent performance.

Question 3

What are UMAX annualised returns?

Accepted Answer

UMAX historical returns: YTD: +0.61%, 1-year: +13.57%, 3-year annualised: +9.04%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.67, which measures risk-adjusted return.

Question 4

Does UMAX pay dividends or distributions?

Accepted Answer

Yes, UMAX distributes income to unitholders. The current distribution yield is approximately 14.15%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 5

What does UMAX invest in?

Accepted Answer

UMAX's top holdings include Canadian National Railway Co (CNR, 8.5%), Pembina Pipeline Corp (PPL, 8.3%), Enbridge Inc (ENB, 8.2%), Canadian Pacific Railway Ltd (CP, 8.2%), TC Energy Corp (TRP, 8.1%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Global Markets GR CAD.

Question 6

What sectors does UMAX invest in?

Accepted Answer

UMAX's largest sector exposures are Utilities (31.5%), Energy (24.4%), Industrials (24.4%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 7

How large is UMAX? (Assets under management)

Accepted Answer

UMAX has approximately $1.42B in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 8

When was UMAX launched?

Accepted Answer

UMAX was launched on June 14, 2023, giving it a 3-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 9

How do I buy UMAX in Canada?

Accepted Answer

UMAX trades on the TSX under the ticker UMAX. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 10

How risky is UMAX?

Accepted Answer

UMAX has a 1-year volatility of 6.65% and a beta of 0.37 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.67 indicates moderate risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-07-31	$13.41	$13.41	$13.23	$13.26	$13.26	1,175,800
2026-07-30	$13.78	$13.78	$13.54	$13.60	$13.60	750,142
2026-07-29	$13.76	$13.81	$13.73	$13.78	$13.78	726,631
2026-07-28	$13.72	$13.77	$13.66	$13.76	$13.76	544,346
2026-07-27	$13.74	$13.74	$13.63	$13.64	$13.64	485,524
2026-07-24	$13.71	$13.74	$13.66	$13.72	$13.72	268,105
2026-07-23	$13.65	$13.69	$13.62	$13.65	$13.65	386,078
2026-07-22	$13.58	$13.70	$13.57	$13.62	$13.62	347,520
2026-07-21	$13.63	$13.63	$13.50	$13.58	$13.58	377,787
2026-07-20	$13.71	$13.75	$13.63	$13.63	$13.63	212,723

#	Ticker	Name	Weight
1	CNR	Canadian National Railway Co	8.53%
2	PPL	Pembina Pipeline Corp	8.29%
3	ENB	Enbridge Inc	8.22%
4	CP	Canadian Pacific Railway Ltd	8.20%
5	TRP	TC Energy Corp	8.14%
6	EMA	Emera Inc.	8.06%
7	FTS	Fortis Inc	8.01%
8	H	Hydro One Ltd	7.94%
9	WCN	Waste Connections Inc	7.88%
10	BIP-UN	Brookfield Infrastructure Partners L.P	7.83%

Sector	Weight
Utilities	31.54%
Energy	24.41%
Industrials	24.38%
Communication Services	19.67%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%

Ticker	Name	Price	1D
AMZU		$28.46	+30.19%
AMHE-U	Harvest Amazon Enhanced High Income Shares ETF	$14.27	+16.68%
COID		$8.24	+16.38%
AMHE	Harvest Amazon Enhanced High Income Shares ETF - Class A Units	$14.70	+14.84%
ALPU		$19.24	+13.51%
AMZH-U	Harvest Amazon High Income Shares ETF	$13.87	+13.13%
MSFH-U	Harvest Microsoft Enhanced High Income Shares ETF	$9.48	+12.46%
PINV	Purpose Global Innovators Fund ETF	$31.26	+12.08%

Hamilton Utilities YIELD MAXIMIZER ETF (UMAX : TSX)

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Hamilton Utilities YIELD MAXIMIZER ETF

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