UMAX.TO
Hamilton Utilities YIELD MAXIMIZER TM ETF
Canadian
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 1.3 B
ASSETS UNDER MGMT
65 bp
EXPENSES
Fund Basics
| Inception date | Jun 14, 2023 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| PEMBINA PIPELINE CORP | 8.8 % |
| TRANSCANADA CORP | 8.6 % |
| CANADIAN PACIFIC KANSAS CITY LTD | 8.3 % |
| ENBRIDGE INC | 8.2 % |
| CANADIAN NATL RAILWAY CO | 8.1 % |
| BROOKFIELD INFRASTRUCTURE PA | 7.9 % |
| HYDRO ONE LTD. | 7.9 % |
| EMERA INC | 7.7 % |
| FORTIS INC | 7.5 % |
| BCE INC. | 7.3 % |
Constituent Breakdown
| Number of holdings | 15 |
| Herfindahl-Hirschman Index | 800 |
| Wgt avg mkt cap (mns) | $39,843 |
| Large cap (>$10bn) | 101.7% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 101.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
CANADA | 93.8 % |
 |
BERMUDA | 7.9 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.0% | -2.0% | -3.4% | -- | -- | -- | -- | -5.7% |
| Dividend Yield | 4.8% | 13.5% | 14.1% | -- | -- | -- | -- | 13.6% |
| Total Returns | 6.8% | 11.5% | 10.7% | -- | -- | -- | -- | 8.0% | Ann. Volatility | 8.6% | 6.9% | 8.0% | -- | -- | -- | -- | 8.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.03 | 0% |
| MSCI EAFE | 0.10 | 5% |
| MSCI Emg Mkts | 0.02 | 0% |
Liquidity Measures
| Avg. volume (000) | 314 |
| ADV traded (mns) | $4 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $13.40 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.12/0.11 |
| Bollinger Bands (Upper/Lower) | $13.81/$13.06 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. UMAX.TO |
Expenses vs. UMAX.TO |
ALTAR Score™ vs. UMAX.TO |
|---|---|---|---|---|
| UMVP.TO | HAMILTON CHAMPIONS Utilities Index ETF | 77.9% | -46 bp | -0.6% |
| UTIL.TO | Global X Equal Weight Canadian Utilities Index ETF | 31.0% | -40 bp | -1.8% |
| XUT.TO | iShares S&P/TSX Capped Utilities Index ETF | 31.0% | -4 bp | -1.4% |
| ZUT.TO | BMO Equal Weight Utilities Index ETF | 28.8% | -10 bp | -0.9% |
| CMVP.TO | HAMILTON CHAMPIONS TM Canadian Dividend Index ETF | 27.0% | -46 bp | +1.8% |
| XEI.TO | iShares S&P/TSX Composite High Dividend Index ETF | 26.4% | -43 bp | +1.9% |
| PPLN.TO | Global X Equal Weight Canadian Pipelines Index ETF | 25.6% | -40 bp | -0.7% |
| PDC.TO | Invesco Canadian Dividend Index ETF | 25.4% | -15 bp | +1.6% |
| TCLV.TO | TD Q Canadian Low Volatility ETF | 25.1% | -35 bp | +1.9% |
| FCCD.TO | Fidelity Canadian High Dividend ETF | 24.7% | -30 bp | +2.2% |
Risk and Returns: UMAX.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
4.3%
ALTAR SCORE™
12nd
PERCENTILE
AVOID
ETFRC RATING
There are 104 funds in the Canadian Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 1.4%. UMAX.TO's ALTAR Score™ is approximately -1.2 standard
deviations above the category average. This places UMAX.TO in the 12nd percentile
among funds in the category.
Sell-Side Consensus
$14.3
PRICE TARGET
+5.7%
UPSIDE