Hamilton U.S. Equity YIELD MAXIMIZER™ ETF

  • Ticker SMAX
  • Yield % 10.79

Maximize Income from U.S. Equity Leaders

SMAX FACT SHEET (English)
SMAX FACT SHEET (Français)
YIELD MAXIMIZER ETFs

HIGHLIGHTS

Yield of 10.79%*An estimate of the annualized yield an investor would receive if the most recent distribution remained unchanged for the next 12 months, stated as a percentage of the price per unit on December 31, 2025. The yield calculation excludes any additional year end distributions and does not include reinvested distributions. with monthly distributions

Diversification beyond single stocks with exposure to U.S. equities across multiple sectors

Flexible coverage ratio adjusted to achieve target yield and preserve upside

Active covered call strategy managed by options team with 50+ years of experience, led by Nick Piquard

Also available for purchase in US$ Unhedged (SMAX.U)

A GOOD FIT FOR INVESTORS WHO WANT

Higher tax-efficient monthly income

Modest long-term growth potential

Unhedged exposure to U.S. equities with a sector mix similar to the S&P 500

Reduced volatility from options strategy

INVESTMENT OBJECTIVE

SMAX is designed for attractive monthly income, while providing exposure to a portfolio of primarily large-cap U.S. equity securities. To reduce volatility and augment dividend income, SMAX will employ an active covered call strategy.

SMAX does not use leverage.

Insights

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Performance

  • TICKER SMAX
  • NAV $20.48
  • 1 DAY CHANGE +$0.02
  • YIELD % *

    Current annualized yield.

     10.79
  • ASSETS $848.6M

Total Returns (incl. Dividends)

As at December 31, 2025

  • ticker 0.0%
  • 1 month -1.9%
  • 3 months 3.0%
  • 6 months 15.3%
  • ytd 13.4%
  • 1 year 13.4%
  • inception* 24.8%
  • as of date 202500.0%

Hamilton YIELD MAXIMIZER™ ETFs

  • Overview
  • Distributions
  • Documents

Sector Allocation

As at December 31, 2025

█  Communications 11.0%
█  Consumer Discretionary 11.3%
█  Consumer Staples 4.3%
█  Energy 4.1%
█  Financials 12.1%
█  Healthcare 9.5%
█  Industrials 8.6%
█  Materials 0.0%
█  Real Estate 4.4%
█  Technology 30.5%
█  Utilities 4.3%

Holdings

As at December 31, 2025

tickernameweight
LLYEli Lilly & Co4.9%
JNJJohnson & Johnson4.7%
GOOGLAlphabet Inc4.7%
RTXRTX Corp4.6%
CSCOCisco Systems Inc4.5%
PLDPrologis Inc4.5%
WMTWalmart Inc4.3%
NEENextEra Energy Inc4.3%
AAPLApple Inc4.2%
XOMExxon Mobil Corp4.2%
TSLATesla Inc4.1%
JPMJPMorgan Chase & Co4.1%
GEGeneral Electric Co4.1%
NVDANVIDIA Corp4.1%
AVGOBroadcom Inc4.1%
BRK/BBerkshire Hathaway Inc4.1%
VVisa Inc4.1%
AMZNAmazon.com Inc4.0%
PLTRPalantir Technologies Inc4.0%
AMDAdvanced Micro Devices Inc3.8%
MSFTMicrosoft Corp3.7%
METAMeta Platforms Inc3.4%
HDHome Depot Inc/The3.2%
NFLXNetflix Inc3.1%
ORCLOracle Corp2.4%
Written Call Options-0.5%
Cash and Other Assets/Liabilities-0.7%

Fund Details

 

All Hamilton ETFs are available for purchase on the Toronto Stock Exchange (TSX) or Cboe Canada, and can be used in RRSP, RRIF, DPSP, RDSP, FHSA, RESP and TFSA portfolios. To set up a DRIP, please contact your individual brokerage.
TickerSMAX
ExchangeToronto Stock Exchange (TSX)
CUSIP407916105
Inception DateOctober 25, 2023
Investment StyleU.S. Equity, Covered Call
Assets$854.2M CAD*
Current Annualized Yield10.79%*
DistributionsMonthly
Currency HedgingCAD-unhedged
RebalancingSemi-annual
Management Fee0.65%
Risk RatingLow to Medium
AuditorKPMG LLP
Legal Entity Identifier2549005JJY97H2CP5W16

Distributions

SMAX distributions are paid monthly in cash, or if the unitholder has enrolled in the dividend reinvestment plan (DRIP), reinvested in additional units of the ETF. To set up a DRIP, please contact your individual brokerage. The annual tax information is available here.
Ex-Dividend DatePay DateFrequencyAmount
2025-12-312026-01-08Monthly$0.1840
2025-11-282025-12-05Monthly$0.1830
2025-10-312025-11-07Monthly$0.1840
2025-09-292025-10-07Monthly$0.1830
2025-08-292025-09-08Monthly$0.1820
2025-07-312025-08-08Monthly$0.1820
2025-06-302025-07-08Monthly$0.1800
2025-05-302025-06-06Monthly$0.1780
2025-04-302025-05-07Monthly$0.1720
2025-03-312025-04-07Monthly$0.1740
2025-02-282025-03-07Monthly$0.1750
2025-01-312025-02-07Monthly$0.1740
2024-12-312025-01-08Monthly$0.1730
2024-11-292024-12-06Monthly$0.1710
2024-10-312024-11-07Monthly$0.1725
2024-09-272024-10-07Monthly$0.1720
2024-08-302024-09-09Monthly$0.1710
2024-07-312024-08-08Monthly$0.1720
2024-06-282024-07-08Monthly$0.1720
2024-05-312024-06-07Monthly$0.1700
2024-04-292024-05-07Monthly$0.1700
2024-03-272024-04-05Monthly$0.1650
2024-02-282024-03-07Monthly$0.1650
2024-01-302024-02-09Monthly$0.1610
2023-12-282024-01-08Monthly$0.1600
2023-11-292023-12-07Monthly$0.1600

You can view public filings for the Hamilton U.S. Equity YIELD MAXIMIZER™ ETF on SEDAR+.

Press Releases

View the latest SMAX Press Releases

Fact Sheet

SMAX Fact Sheet (2025-11-28) English Français

ETF Facts

SMAX ETF Facts (2025-08-14) English Français

Prospectus

SMAX Prospectus (2025-08-14) English Français

Financial Statements & MRFP

Annual Report (2024-12-31) English Français
Interim Report (2025-06-30) English Français

Latest Portfolio Summary

Q3 2025 Portfolio Summary (2025-09-30) Download

Proxy Voting

Proxy Voting Report (2024-07 to 2025-06) Download

Independent Review Committee

2024 Annual Report to Securityholders (2025-03-11) Download

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