Market dataIncome framework read
New Income ListingTSXCanada

QMAX.TO

Hamilton Nasdaq-100 Yield Maximizer ETF

TechnologyCovered-call structureMonthly

Market Snapshot

$27.35

+$0.10 (0.37%)

Toronto

Yield

N/A

Rate $2.57

Next Payment

—

Ex-date N/A

52wk Position

99.35%

-0.22% below high

Updated —

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Income record needs more seasoning

QMAX.TO has a less proven income record. Treat the stated cadence as a starting point and verify issuer payout policy before relying on it.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

QMAX.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.85.

3

Main watch item

Editorial framework

DRIP coverage is the weak point

QMAX.TO is below the defended default DRIP zone. The practical watch item is share count versus current price, not just stated yield.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Broken
Cash
$23.20
APR
0.848
Coverage
0.848

Broken. The dividend no longer covers the target print rate. Top up shares or lower the target print rate.

Price Creep

Defended price ceiling

Max defended
$23.20
Cushion
-$4.15
Cushion %
-15.17%
Current $27.35Break $23.20

Smart Recommendation

QMAX.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Weak

5mo ago

DRIP availability

Plan-only

5mo ago

Tax character

Mixed

5mo ago

Distribution history

1–5 yr track

5mo ago

Structure complexity

Complex

5mo ago

Income trend

Variable

5mo ago

Account suitability

Non-reg: caution

5mo ago

Structure Overview

Harvest Tech Achievers Enhanced Income ETF (QMAX) applies an aggressive covered-call strategy to a portfolio of large-cap technology stocks, targeting very high monthly distributions. The deep or at-the-money option writing significantly limits NAV appreciation when tech stocks rally, and NAV erosion has been documented in periods of strong technology equity markets.

Canadian Planning Notes

  • 1QMAX's very high stated yield reflects deep covered-call writing that materially limits NAV participation in technology upside; review the NAV trend alongside the distribution history before planning.
  • 2Technology stocks are primarily foreign-income earners; distributions from QMAX in a non-registered account are unlikely to qualify as eligible dividends.
  • 3RRSP or TFSA placement removes the foreign-income complexity and shelters any NAV fluctuations from annual taxable events.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$27.35

Previous close

$27.25

Day range

$27.19 - $27.41

52wk range

$18.19 - $27.41

Market cap

N/A

Volume

17K

Avg volume

59.6K

Exchange

Toronto

Dividend and distribution

Forward rate

N/A

Trailing rate

$2.57

Forward yield

N/A

Trailing yield

0.00%

Per payment

$0.23

Cadence

Monthly

Next ex-date

N/A

Next pay

N/A

Last dividend

$0.23

Last dividend date

Sep 29, 2026

Performance

Daily change

$0.10

Daily change %

0.37%

52wk position

99.35%

Below 52wk high

-0.22%

Above 52wk low

50.36%

Open

$27.19

Earnings and financials

Trailing EPS

N/A

Forward EPS

N/A

Revenue

N/A

Revenue growth

N/A

Profit margin

N/A

Operating margin

N/A

Payout ratio

N/A

Free cash flow

N/A

Total cash

N/A

ROE

N/A

ROA

N/A

Debt/equity

N/A

Beta

N/A

Valuation

Trailing P/E

34.89

Forward P/E

N/A

Price/sales

N/A

Price/book

N/A

Enterprise value

N/A

EV/EBITDA

N/A

Analyst facts

Target mean

N/A

Target high

N/A

Target low

N/A

Recommendation mean

N/A

Recommendation key

N/A

Analysts

N/A

Canadian Context

Account placement

TFSA

Mixed-character distributions are usually easiest to handle in a TFSA because annual tax reporting is avoided.

RRSP: Also shelters distribution complexity.

Non-registered: Review T3 or issuer tax breakdown before using a taxable account.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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Use a planning tool that matches this holding's structure, payout timing, and income use case.

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.