Hamilton ETFs is a Canadian investment manager claiming to be a financial sector specialist that launched their first fund in 2009 and ETF in 2016. Many of their investment products have leverage and attempt to implement covered call strategies for income investors. They were a very small asset manager in December 2019 having only $240,000,000 assets under management.
The majority of Hamilton’s products return capital which is a portion of the original investment. This lowers the adjusted cost base (ACB) and will increase any future capital gains, if any. Covered calls have been popular with retail investors for years because they offer substantial yields, but are paired with lower market returns.
What are the Top 10 Hamilton ETFs?
- HYLD.TO: Hamilton Enhanced U.S. Covered Call ETF
- HDIV.TO: Hamilton Enhanced Multi-Sector Covered Call ETF
- HMAX.TO: Hamilton Canadian Financials Yield Maximizer ETF
- UMAX.TO: Hamilton Utilities Yield Maximizer ETF
- HCAL.TO: Hamilton Enhanced Canadian Bank ETF
- HUTS.TO: Hamilton Enhanced Utilities ETF
- HFG.TO: Hamilton Global Financials ETF
- HCA.TO: Hamilton Canadian Bank Mean Reversion Index ETF
- HBA.TO: Hamilton Australian Bank Equal-Weight Index ETF
- HFIN.TO: Hamilton Enhanced Canadian Financials ETF
| Ticker | ETF | MER | AUM |
|---|---|---|---|
| HBA | Hamilton Australian Bank Equal-Weight Index ETF | 0.70% | $136,400,000 |
| HCA | Hamilton Canadian Bank Mean Reversion Index ETF | 0.55% | $74,600,000 |
| HCAL | Hamilton Enhanced Canadian Bank ETF | 1.46% | $531,700,000 |
| HDIV | Hamilton Enhanced Multi-Sector Covered Call ETF | 2.39% | $401,600,000 |
| HFG | Hamilton Global Financials ETF | 0.91% | $47,800,000 |
| HFIN | Hamilton Enhanced Canadian Financials ETF | 1.18% | $125,400,000 |
| HMAX | Hamilton Canadian Financials Yield Maximizer ETF | 0.71% | $687,600,000 |
| HUTS | Hamilton Enhanced Utilities ETF | 1.87% | $79,800,000 |
| HYLD | Hamilton Enhanced U.S. Covered Call ETF | 2.08% | $507,600,000 |
| UMAX | Hamilton Utilities Yield Maximizer ETF | N/A | $240,500,000 |
10. Hamilton Enhanced Canadian Financials ETF
Hamilton Enhanced Canadian Financials ETF (HFIN.TO) seeks to replicate a 1.25 times multiple of the Solactive Canadian Financials Equal-Weight Index TR (SOLCAFNT), comprised of equal-weightings of the top 12 largest Canadian financial services companies, while adding modest 25% cash leverage to enhance growth potential and yield.
9. Hamilton Australian Bank Equal-Weight Index ETF
The investment objective of Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO) is to replicate, to the extent reasonably possible and before the deduction of fees and expenses, the performance of an equal-weight Australian bank index. The ETF currently seeks to replicate the Solactive Australian Bank Equal-Weight Index (or any successor thereto).
8. Hamilton Canadian Bank Mean Reversion Index ETF
The fund is designed to closely track the returns of the Solactive Canadian Bank Mean Reversion Index TR, which applies a variable-weight, mean reversion trading strategy to Canada’s “Big Six” banks, with quarterly rebalancing. The Solactive Canadian Bank Mean Reversion Index TR has outperformed an equal-weight portfolio of Canada’s banks.
7. Hamilton Global Financials ETF
Hamilton Global Financials ETF (HFG.TO) is designed to seek long-term returns from an actively managed equity portfolio consisting of long-term capital growth and dividend income by investing in financial services companies located around the globe. Currency hedging at discretion of the manager.
6. Hamilton Enhanced Utilities ETF
The investment objective of Hamilton Enhanced Utilities ETF (HUTS.TO) is to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a 1.25 times multiple of a rules-based utilities index, currently the Solactive Canadian Utility Services High Dividend Index TR (SOLCUHDT).
5. HCAL.TO: Hamilton Enhanced Canadian Bank ETF
HCAL is designed to track 1.25x the returns of the Solactive Equal Weight Canada Banks Index, investing in Canadian banks — using modest 25% cash leverage. HCAL does not use derivatives.
4. UMAX: Hamilton Utilities Yield Maximizer ETF
Hamilton Utils Yield Maximizer ETF (UMAX.TO) 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. UMAX does not use leverage.
3. Hamilton Canadian Financials Yield Maximizer ETF
Hamilton Canadian Financials Yield Maximizer ETF (HMAX.TO) is designed for attractive monthly income while providing exposure to a market cap-weighted portfolio of Canadian financial services stocks. To reduce volatility and augment dividend income, HMAX will employ an active covered call strategy. HMAX does not use leverage.
2. HDIV.TO: Hamilton Enhanced Multi-Sector Covered Call ETF
Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV.TO) seeks to provide attractive monthly income and long-term capital appreciation from a diversified, multi-sector portfolio of primarily covered call ETFs focused on Canada.
1. Hamilton Enhanced U.S. Covered Call ETF
Hamilton Enhanced U.S. Covered Call ETF (HYLD.TO) seeks to provide attractive monthly income and long-term capital appreciation from a diversified, multi-sector portfolio of primarily covered call ETFs, primarily focused on the U.S.
Who Owns Hamilton ETFs?
Rob Wessel is the owner of Hamilton ETFs and has a Bachelor of Business Administration from Wilfrid Laurier University.
What is the Yield of Hamilton HDIV?
Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV) has a yield of 10.62%.
What is the Management Fee for Hamilton ETF?
Hamilton ETFs is known to have management fees far higher than other financial institutions. Some other Hamilton’s ETF products have MERs over 2% which is alarming.
What is the Dividend on Hamilton Enhanced Multi-Sector Covered Call ETF?
Hamilton Enhanced Multi-Sector Covered Call ETF (HDIV) paid a recent dividend distribution of $0.1350.
Conclusion
Hamilton has some of the highest fees in the industry and should be avoided by most investors.
 |  |  |  |  |  |
|---|---|---|---|---|---|
| Advice | InvestCAN | InvestRESP | InvestUSA | RetireCAN | RetireMGN |
| $500.00 CAD $400.00 USD | $99.99 CAD | $79.99 USD | $99.99 CAD | $12.99 CAD $9.99 USD |
Rishi Vikram2024-06-03Nic is client focused advisor . Honest advice is rare in today’s world But Nic gave good ,Simple and to the point information.
Sunny2024-02-29Nic's vast knowledge in financial investments is exceptional. Highly recommended.
Peter Vigna2024-01-27Nic is the best source for financial education on social media best etf recommendations.
519 Painting2023-05-01Nick was a tremendous help with our financial planning for our new company!
Shiella A2022-06-30Nic is professional, intuitive, personable and passionate about his role. We are so gald to have Nic as our financial advisor; our portfolios are well managed and we have been happy with the outcomes over the years. Nic always goes out of his way to help us. We had a bad experience with our Canada life mortgage broker, his lack of support and responsiveness almost cost our family a great opportunity so we had to move on. We honestly wish Nic was able to handle our mortgage needs as well. This will ensure that all our service needs will be well managed. Thank you Nic for everything you do!
Jake Thuss2022-06-25Nic is the best financial advisor I have come across in London, Ontario. He knowledgeably helped us with our investments, life insurance and a mortgage. He is a great financial planner to deal with!
John Vella2021-06-10This was my first experience with a financial planner. Nic took the time to explain everything to me. He is very patient and thorough. We talked about my goals and plans for retirement. We also talked about my comfort level when it comes to the the ups and downs of investing. I felt very comfortable with Nic. He is down to earth and very knowledgeable. I would highly recommend Nic to anyone needing a financial planner. I feel much more comfortable with my investment plan because of Nic and look forward to working with him for all my investment needs.
Jimal Isovski2021-05-11My experience dealing with Nic was flawless. He was extremely informative, supportive and organized when dealing with all my questions and investments. He truly looks out for his clients and does whatever it takes to go above and beyond for their success.
Karen Campbell2021-05-10Nic always has your best interest in mind. Very knowledgeable, respectful of your time and very keen. Trust-worthy too.
