Overview
Description
Hamilton Enhanced U.S. Covered Call ETF is an exchange-traded fund designed to provide Canadian investors with exposure to U.S. equity markets while generating high monthly income. Managed by Hamilton ETFs, the fund employs a covered call strategy by investing primarily in other U.S.-focused covered call ETFs. Through this approach, it aims to deliver enhanced yield by writing call options on its holdings, and it further amplifies returns using modest cash leverage of 25%. The portfolio is diversified across major U.S. sectors and includes both growth and value stocks with varying market capitalizations. The fund’s goal is to offer a higher-income alternative to traditional U.S. equity benchmarks, particularly the S&P 500. With a strong focus on income generation, it distributes dividends monthly and targets investors seeking regular cash flow from U.S. equities. Since its inception in 2022, Hamilton Enhanced U.S. Covered Call ETF has become notable for its substantial assets under management and relatively high distribution yields, reflecting growing demand among income-oriented investors in Canada.
About
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Website
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Instrument type
ETF
Country
Canada
MIC code
XTSE