Most return of capital.
Ranked by the share of the last published tax year returned as capital rather than paid as taxable income.
| # | Symbol | Sector | Return of capital | Price | Per month | Yield | Total return |
|---|---|---|---|---|---|---|---|
| 1 | HYLD | US Multi-Sector | 100% | $15.98 | $0.1630 | 11.59% | 70.4% |
| 2 | LMAX | Healthcare | 92% | $13.89 | $0.1420 | 12.35% | 16.8% |
| 3 | AMAX | Gold | 90% | $30.53 | $0.2850 | 10.58% | 143.6% |
| 4 | QMAX | Technology | 84% | $25.80 | $0.2260 | 9.76% | 123.0% |
| 5 | SMAX | US Equity | 83% | $22.94 | $0.1980 | 9.82% | 93.7% |
| 6 | HMAX | Financials | 83% | $18.14 | $0.1680 | 10.96% | 81.8% |
| 7 | HDIV | Canadian Multi-Sector | 75% | $23.66 | $0.1930 | 9.30% | 139.1% |
| 8 | UMAX | Utilities | 73% | $13.25 | $0.1500 | 14.10% | 26.3% |
| 9 | EMAX | Energy | 71% | $16.82 | $0.1430 | 10.26% | 41.4% |
| 10 | RMAX | REITs | 38% | $16.85 | $0.1480 | 10.36% | 28.9% |
10 funds, as at 2026-08-04. This ranks what is covered here, not every fund on the market — issuers are added one at a time after their published data has been audited. See who runs these funds.
What this measures
Return of capital is not taxed when you receive it. Instead it reduces your adjusted cost base, which increases the capital gain whenever you sell — so the tax is deferred, and converted from income into a gain of which only half is taxable.
What it does not tell you
This only helps in a non-registered account. Inside a TFSA nothing was going to be taxed anyway, so a high figure here is worth precisely nothing — and once return of capital has repaid your entire cost base, every further dollar becomes an immediate capital gain.
Rankings are a starting point.
What matters is what your holdings paid you, on your cost base — track every distribution against the trades you actually made.