Hamilton Enhanced
Canadian Bank ETF
Top Performing Canadian Bank ETF
Highlights
Top performing Canadian bank ETF, with a +15.98% annualized total return*Since inception on October 14, 2020, as at June 30, 2023. Based on a universe of seven Canadian bank ETFs that trade on the Toronto Stock Exchange. Effective April 14, 2023, the investment objective of the Hamilton Enhanced Canadian Bank ETF (HCAL) was changed to equal weight exposure from its prior mean reversion approach. In certain markets, the current approach is expected to outperform the prior.
HCAL outperformed the average of the Big-6 Canadian banks with similar volatility *Volatility is the annualized standard deviation of daily returns since Oct 14, 2020. Big-6 average is the Solactive Equal Weight Canada Banks Index (SOLCBEW). As at June 30, 2023. Source: Bloomberg, Hamilton ETFs
Yield of 7.72%*An estimate of the annualized yield an investor would receive if the most recent distribution remained unchanged for the next 12 months, stated as a percentage of the price per unit on June 30, 2023
Equal-weight exposure to Canada’s “Big Six” banks with modest 25% cash leverage
A GOOD FIT FOR INVESTORS WHO WANT
Enhanced growth potential and higher monthly income
Monthly distributions
FUND OBJECTIVE
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.*Effective April 14, 2023, the investment objective of the Hamilton Enhanced Canadian Bank ETF (HCAL) was changed. Please refer to the disclosure documents of HCAL at www.hamilton.fundzen.com.
Performance
- TICKER HCAL
- NAV $20.49
- 1 DAY CHANGE +$0.11
-
YIELD *
Current annualized yield, as at June 30, 2023
7.72% - ASSETS $508.0M
Annualized Returns
- ticker 0.00%
- 1 month -2.46%
- 3 months 22.40%
- 6 months 1.47%
- year to date -2.46%
- 1 year -3.02%
- 3 years* 10.75%
- inception* 15.07%
- as of date 202400.00%
Higher Yield1
1Big-6 average is the Solactive Equal Weight Canada Banks Index (SOLCBEW). As at June 30, 2023. Source: Bloomberg, Hamilton ETFs
- Overview
- Distributions
- Documents
| ticker | name | weight |
| HEB | Hamilton Canadian Bank Equal-Weight Index ETF | 125.3% |
Leverage is via cash borrowing (not derivatives), provided by a Canadian financial institution.
HEB Holdings
Hamilton Canadian Bank Equal-Weight Index ETF invests in Canada's "big six" banks| Name | Weight |
|---|---|
| Bank of Nova Scotia | 17.2% |
| Canadian Imperial Bank of Commerce | 16.7% |
| National Bank of Canada | 16.7% |
| Toronto-Dominion Bank | 16.7% |
| Bank of Montreal | 16.6% |
| Royal Bank of Canada | 16.1% |
| Ticker | HCAL |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 407363100 |
| Inception Date | October 14, 2020 |
| Investment Style | Index-based, 25% modest leverage |
| Index | Solactive Equal Weight Canada Banks Index |
| Assets | $508.0M CAD* |
| Current Annualized Yield | 7.72%* |
| Distributions | Monthly |
| Management Fee | 0.65% |
| Risk Rating | Medium to High |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 549300JNYPYDVKHHRV07 |
| Ex-Dividend Date | Paid | Frequency | Amount |
|---|---|---|---|
| 2023-07-28 | 2023-08-08 | Monthly | $0.1270 |
| 2023-06-29 | 2023-07-10 | Monthly | $0.1270 |
| 2023-05-30 | 2023-06-07 | Monthly | $0.1270 |
| 2023-04-27 | 2023-05-05 | Monthly | $0.1270 |
| 2023-03-30 | 2023-04-13 | Monthly | $0.1270 |
| 2023-02-27 | 2023-03-10 | Monthly | $0.1270 |
| 2023-01-30 | 2023-02-10 | Monthly | $0.1270 |
| 2022-12-29 | 2023-01-12 | Monthly | $0.1270 |
| 2022-11-29 | 2022-12-12 | Monthly | $0.1270 |
| 2022-10-28 | 2022-11-10 | Monthly | $0.1270 |
| 2022-09-28 | 2022-10-13 | Monthly | $0.1270 |
| 2022-08-30 | 2022-09-13 | Monthly | $0.1270 |
| 2022-07-28 | 2022-08-11 | Monthly | $0.1270 |
| 2022-06-29 | 2022-07-13 | Monthly | $0.1270 |
| 2022-05-30 | 2022-06-10 | Monthly | $0.1225 |
| 2022-04-28 | 2022-05-11 | Monthly | $0.1225 |
| 2022-03-30 | 2022-04-12 | Monthly | $0.1225 |
| 2022-02-25 | 2022-03-10 | Monthly | $0.1225 |
| 2022-01-28 | 2022-02-10 | Monthly | $0.115 |
| 2021-12-30 | 2022-01-13 | Special (non-cash) | $2.29452 |
| 2021-12-30 | 2022-01-13 | Monthly | $0.115 |
| 2021-11-29 | 2021-12-10 | Monthly | $0.1075 |
| 2021-10-28 | 2021-11-10 | Monthly | $0.100 |
| 2021-09-28 | 2021-10-13 | Monthly | $0.100 |
| 2021-08-30 | 2021-09-13 | Monthly | $0.100 |
| 2021-07-29 | 2021-08-12 | Monthly | $0.100 |
| 2021-06-29 | 2021-07-13 | Monthly | $0.100 |
| 2021-05-28 | 2021-06-10 | Monthly | $0.100 |
| 2021-04-29 | 2021-05-12 | Special (cash) | $0.110 |
| 2021-04-29 | 2021-05-12 | Monthly | $0.093 |
| 2021-03-30 | 2021-04-13 | Monthly | $0.093 |
| 2021-02-25 | 2021-03-10 | Monthly | $0.087 |
| 2021-01-28 | 2021-02-10 | Monthly | $0.087 |
| 2020-12-30 | 2021-01-13 | Special (cash) | $0.30745 |
| 2020-12-30 | 2021-01-13 | Monthly | $0.087 |
You can view public filings for the Hamilton Enhanced Canadian Bank ETF on SEDAR.
Press Releases
View the latest HCAL Press Releases
Fact Sheet
HCAL Fact Sheet (2023-06-30) English Français
ETF Facts
HCAL ETF Facts (2023-06-07) English Français
Prospectus
HCAL Prospectus (2023-06-07) English Français
A special meeting of HCAL unitholders was held on February 15, 2023. For further details, please see the Management Information Circular.
Financial Statements
Annual Financial Statements (2022-12-31) English Français
Interim Financial Statements (2022-06-30) English Français
Latest Portfolio Summary
Q1 2023 Portfolio Summary (2023-03-31) Download
Independent Review Committee
2022 Annual Report to Securityholders (2023-03-21) Download