High Yield ETF
HYLD
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ROIC.AI
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- Hamilton Enhanced U.S. Covered Call ETF (HYLD) is an exchange-traded fund that seeks to provide attractive monthly income and long-term capital appreciation through a diversified, multi-sector portfolio of primarily U.S.-focused covered call ETFs; it employs an enhanced covered call strategy with modest 25% cash leverage to boost yield and growth potential while maintaining a sector mix broadly similar to the S&P 500 Index. The fund's core holdings include Hamilton U.S. Equity YIELD MAXIMIZER ETF (SMAX), Hamilton Technology YIELD MAXIMIZER ETF (QMAX), Hamilton U.S. Financials YIELD MAXIMIZER ETF (FMAX), Hamilton Enhanced U.S. Equity DayMAX ETF (SDAY), Hamilton Healthcare YIELD MAXIMIZER ETF (LMAX), Hamilton Gold Producer YIELD MAXIMIZER ETF (AMAX), Hamilton Enhanced Technology DayMAX ETF (QDAY), Hamilton Energy YIELD MAXIMIZER ETF (EMAX), and Hamilton REITs YIELD MAXIMIZER ETF (RMAX); these underlying ETFs utilize longer-duration covered calls and zero-day-to-expiry (0DTE) options to generate tax-efficient income by monetizing both monthly and daily volatility across sectors such as financials, technology, healthcare, communications, and consumer discretionary. HYLD targets income-oriented investors seeking higher yields than the S&P 500 with comparable volatility and diversified blue-chip U.S. equity exposure, delivering monthly distributions with a current annualized yield of approximately 12.19%. Launched on February 4, 2022, and domiciled in Canada with units listed on the Toronto Stock Exchange (TSX) under ticker HYLD (CAD-hedged), the ETF is managed by Hamilton ETFs with a top-level management fee of 0.00% (subject to underlying ETF fees) and net assets exceeding CAD 1 billion; a U.S. dollar unhedged version (HYLD.U) is also available. In January 2024, HYLD achieved full internalization of its holdings by eliminating third-party ETFs, which reduced costs and enabled monthly distribution increases. Most recently, in September 2025, the fund introduced positions in DayMAX ETFs (SDAY and QDAY) by modestly reducing select YIELD MAXIMIZER exposures, enhancing income diversification across daily and monthly options strategies, aligning sector weights more closely with the S&P 500, and supporting higher portfolio yields.