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 $12.50 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: -5.16%, 1-year: +7.56%, 3-year annualised: +8.73%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.64, 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 14.45%, 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 Brookfield Infrastructure Partners L.P (BIP-UN, 8.4%), Canadian National Railway Co (CNR, 8.0%), BCE Inc (BCE, 7.9%), Hydro One Ltd (H, 7.8%), Waste Connections Inc (WCN, 7.8%) — 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 (29.8%), Communication Services (24.4%), Industrials (23.4%). 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 $1.47B 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 7.23% and a beta of 0.36 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.64 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
2026-09-10	$12.63	$12.65	$12.48	$12.50	$12.50	373,279
2026-09-09	$12.72	$12.73	$12.65	$12.67	$12.67	249,314
2026-09-08	$12.70	$12.77	$12.70	$12.75	$12.75	240,446
2026-09-04	$12.77	$12.78	$12.72	$12.76	$12.76	159,100
2026-09-03	$12.65	$12.77	$12.65	$12.76	$12.76	204,708
2026-09-02	$12.76	$12.76	$12.63	$12.64	$12.64	312,979
2026-09-01	$12.79	$12.88	$12.67	$12.71	$12.71	492,463
2026-08-31	$12.83	$12.83	$12.74	$12.80	$12.80	378,487
2026-08-28	$12.96	$12.99	$12.89	$12.95	$12.95	552,029
2026-08-27	$13.05	$13.05	$12.92	$12.94	$12.94	865,439

#	Ticker	Name	Weight
1	BIP-UN	Brookfield Infrastructure Partners L.P	8.40%
2	CNR	Canadian National Railway Co	7.95%
3	BCE	BCE Inc	7.86%
4	H	Hydro One Ltd	7.82%
5	WCN	Waste Connections Inc	7.81%
6	TRP	TC Energy Corp	7.79%
7	ENB	Enbridge Inc	7.78%
8	FTS	Fortis Inc	7.77%
9	EMA	Emera Inc.	7.77%
10	RCI-B	Rogers Communications Inc	7.76%

Sector	Weight
Utilities	29.78%
Communication Services	24.40%
Industrials	23.37%
Energy	22.45%
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
OILU		$65.56	+11.27%
HOU	BetaPro Crude Oil Daily Bull ETF	$29.03	+11.14%
SLVD	BetaPro Silver -2x Daily Bear ETF	$31.94	+10.98%
CGMD		$5.11	+10.61%
SOXD		$15.41	+7.69%
AAPU		$43.36	+7.33%
MSTZ		$3.24	+7.28%
GASD		$5.46	+6.64%

CIBC Investor's Edge

Hamilton Utilities YIELD MAXIMIZER ETF (UMAX : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Hamilton Utilities YIELD MAXIMIZER ETF

ETF Details

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Frequently Asked Questions — UMAX