Hamilton Canadian Bank
Equal-Weight Index ETF

  • Ticker HEB
  • Yield % 4.91

Low-Cost Canadian Bank ETF

HIGHLIGHTS

Low-cost Canadian bank ETF

Yield of 4.91%*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 May 31, 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 $16.21
  • 1 DAY CHANGE +$0.07
  • YIELD *

    Current annualized yield, as at May 31, 2024

    4.91%
  • ASSETS $640.6M

Total Returns (incl. Dividends)

As at May 31, 2024

  • ticker 0.00%
  • 1 month 2.74%
  • 3 months 4.36%
  • 6 months 15.61%
  • year to date 4.24%
  • 1 year 16.96%
  • inception* 10.50%
  • 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 May 31, 2024. Source: Bloomberg, Solactive AG, Hamilton ETFs

Low-Cost Canadian Bank ETF

 

  • Overview
  • Distributions
  • Documents

Holdings

As at May 31, 2024

tickernameweight
RYRoyal Bank of Canada18.4%
NANational Bank of Canada17.5%
CMCanadian Imperial Bank of Commerce16.6%
BMOBank of Montreal16.0%
BNSBank of Nova Scotia15.9%
TDToronto-Dominion Bank15.6%

Fund Details

 

All Hamilton ETFs are available for purchase on the Toronto Stock Exchange (TSX), and can be used in RRSP, RRIF, DPSP, RDSP, RESP and TFSA portfolios. To set up a DRIP, please contact your individual brokerage.
TickerHEB
ExchangeToronto Stock Exchange (TSX)
CUSIP40704N104
Inception DateApril 3, 2023
Investment StyleEqual-Weight, Index-based
BenchmarkSolactive Equal Weight Canada Banks Index
Assets$640.6M CAD*
Current Annualized Yield4.91%*
DistributionsMonthly
RebalancingSemi-Annually
Management Fee0.19%
Risk RatingMedium to High
AuditorKPMG LLP
Legal Entity Identifier549300093ISLOKV5JH04

Distributions

HEB distributions are paid monthly in cash, or if the unitholder has enrolled in the dividend reinvestment plan (DRIP), reinvested in additional units of the ETF. To set up a DRIP, please contact your individual brokerage. The annual tax information is available here.
Ex-Dividend DatePaidFrequencyAmount
2024-05-312024-06-07Monthly$0.069
2024-04-292024-05-07Monthly$0.069
2024-03-272024-04-05Monthly$0.069
2024-02-282024-03-07Monthly$0.069
2024-01-302024-02-09Monthly$0.069
2023-12-282024-01-08Monthly$0.069
2023-11-292023-12-07Monthly$0.069
2023-10-302023-11-07Monthly$0.069
2023-09-282023-10-06Monthly$0.069
2023-08-302023-09-08Monthly$0.069
2023-07-282023-08-08Monthly$0.069
2023-06-292023-07-10Monthly$0.069
2023-05-302023-06-07Monthly$0.069
2023-04-272023-05-05Monthly$0.069

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

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