Hamilton Canadian Bank
Equal-Weight Index ETF
Low-Cost Canadian Bank ETF
HIGHLIGHTS
Low-cost Canadian bank ETF
Yield of 5.10%*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 28, 2024, paid monthly
Convenient equal-weight exposure to Canada’s big-6 banks
Dividends from Canadian banks are eligible for the Canadian Dividend Tax Credit
A GOOD FIT FOR INVESTORS WHO WANT
Attractive monthly income
Tax efficient distributions
Low-fee exposure to the big-6 Canadian banks
FUND OBJECTIVE
HEB is designed to track the returns of the Solactive Equal Weight Canada Banks Index, net of fees and expenses. HEB rebalances semi-annually to equal-weight.
Performance
- TICKER HEB
- NAV $17.04
- 1 DAY CHANGE -$0.03
-
YIELD % *
Current annualized yield.
5.10 - ASSETS $678.1M
Total Returns (incl. Dividends)
- ticker 0.00%
- 1 month -3.43%
- 3 months -4.83%
- 6 months 0.66%
- year to date 0.66%
- 1 year 8.88%
- inception* 6.77%
- as of date 202400.00%
Canadian Bank Index Outperformance1
since March 2007
1Annualized total returns based on Solactive Equal Weight Canada Banks Index (SOLCBEW) vs the S&P/TSX 60, since March 16, 2007, as at June 28, 2024. Source: Bloomberg, Solactive AG, Hamilton ETFs
Low-Cost Canadian Bank ETF
- Overview
- Distributions
- Documents
| ticker | name | weight |
| RY | Royal Bank of Canada | 18.7% |
| NA | National Bank of Canada | 17.0% |
| CM | Canadian Imperial Bank of Commerce | 16.6% |
| BNS | Bank of Nova Scotia | 16.1% |
| TD | Toronto-Dominion Bank | 16.0% |
| BMO | Bank of Montreal | 15.7% |
| Ticker | SMAX |
|---|---|
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 407916105 |
| Inception Date | October 25, 2023 |
| Investment Style | U.S. Equity, Covered Call |
| Benchmark | n/a |
| Assets | $440.8M CAD* |
| Target Yield | 10%+* |
| Current Annualized Yield | 0.172%* |
| Distributions | Monthly |
| Currency Hedging | None |
| Rebalancing | Semi-annual |
| Management Fee | 0.65% |
| Risk Rating | Low to Medium |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 2549005JJY97H2CP5W16 |
| Ex-Dividend Date | Record Date | Pay Date | Type | Frequency | Amount |
|---|---|---|---|---|---|
| 2024-11-29 | 2024-12-06 | Monthly | $0.2010 | ||
| 2024-10-31 | 2024-11-07 | Monthly | $0.2025 | ||
| 2024-09-27 | 2024-10-07 | Monthly | $0.2020 | ||
| 2024-08-30 | 2024-09-09 | Monthly | $0.2015 | ||
| 2024-07-31 | 2024-08-08 | Monthly | $0.2025 | ||
| 2024-06-28 | 2024-07-08 | Monthly | $0.2025 | ||
| 2024-05-31 | 2024-06-07 | Monthly | $0.2050 | ||
| 2024-04-29 | 2024-05-07 | Monthly | $0.2000 | ||
| 2024-03-27 | 2024-04-05 | Monthly | $0.1930 | ||
| 2024-02-28 | 2024-03-07 | Monthly | $0.1900 | ||
| 2024-01-30 | 2024-02-09 | Monthly | $0.1850 | ||
| 2023-12-28 | 2024-01-08 | Monthly | $0.1800 | ||
| 2023-11-29 | 2023-12-07 | Monthly | $0.1800 |
You can view public filings for the Hamilton Canadian Bank Equal-Weight Index ETF on SEDAR+.
Press Releases
View the latest HEB Press Releases
Fact Sheet
HEB Fact Sheet (2024-05-31) English Français
ETF Facts
HEB ETF Facts (2024-03-27) English Français
Prospectus
HEB Prospectus (2024-03-27) English Français
Financial Statements
Annual Financial Statements (2023-12-31) English Français
Interim Financial Statements (2023-06-30) English Français
Latest Portfolio Summary
Q1 2024 Portfolio Summary (2024-03-31) Download
Independent Review Committee
2023 Annual Report to Securityholders (2024-03-13) Download