Hamilton Enhanced
Canadian Bank ETF
Top Performing Canadian Bank ETF
Highlights
Top performing Canadian bank ETF*Since inception on October 14, 2020, as at November 29, 2024. Based on a universe of seven Canadian bank ETFs that trade on the Toronto Stock Exchange, including unlevered and covered call strategies. HCAL uses modest 25% cash leverage. 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.
Yield of 6.00%*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 November 29, 2024. The yield calculation excludes any additional year end distributions and does not include reinvested distributions., paid monthly
Equal-weight exposure to Canada’s “Big Six” banks with modest 25% cash leverage
HCAL has similar volatility compared to the Big-6 Canadian banks*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 November 29, 2024. Source: Bloomberg, Hamilton ETFs
A GOOD FIT FOR INVESTORS WHO WANT
Enhanced growth potential
Higher monthly income
Modest 25% cash leverage
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.hamiltonetfs.com.
Performance
- TICKER HCAL
- NAV $25.42
- 1 DAY CHANGE -$0.06
-
YIELD % *
Current annualized yield.
6.00 - ASSETS $618.6M
Total Returns (incl. Dividends)
- ticker 0.00%
- 1 month 6.75%
- 3 months 15.66%
- 6 months 25.48%
- year to date 31.02%
- 1 year 48.86%
- 3 years* 9.77%
- inception* 20.16%
- as of date 202400.00%
Benefits of Modest Leverage1
Since March 2007
1Growth of $10,000 based on total returns of the Solactive Equal Weight Canada Banks Index (SOLCBEW) vs 1.25x SOLCBEW, since March 16, 2007, as at November 29, 2024. Source: Bloomberg, Solactive AG, Hamilton ETFs
Similar Volatility vs. Big-6 Banks2
2Standard deviation since October 14, 2020, at November 29, 2024. Source: Bloomberg, Hamilton ETFs
- Overview
- Distributions
- Documents
| ticker | name | weight |
| HEB | Hamilton Canadian Bank Equal-Weight Index ETF | 124.6% |
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 Montreal | 17.8% |
| Bank of Nova Scotia | 17.4% |
| National Bank of Canada | 17.0% |
| Canadian Imperial Bank of Commerce | 16.9% |
| Royal Bank of Canada | 16.3% |
| Toronto-Dominion Bank | 14.6% |
| 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 | $618.6M CAD* |
| Current Annualized Yield | 6.00%* |
| Distributions | Monthly |
| Management Fee | 0.65% |
| Risk Rating | High |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 549300JNYPYDVKHHRV07 |
| Ex-Dividend Date | Pay Date | Frequency | Amount |
|---|---|---|---|
| 2024-11-29 | 2024-12-06 | Monthly | $0.1270 |
| 2024-10-31 | 2024-11-07 | Monthly | $0.1270 |
| 2024-09-27 | 2024-10-07 | Monthly | $0.1270 |
| 2024-08-30 | 2024-09-09 | Monthly | $0.1270 |
| 2024-07-31 | 2024-08-08 | Monthly | $0.1270 |
| 2024-06-28 | 2024-07-08 | Monthly | $0.1270 |
| 2024-05-31 | 2024-06-07 | Monthly | $0.1270 |
| 2024-04-29 | 2024-05-07 | Monthly | $0.1270 |
| 2024-03-27 | 2024-04-05 | Monthly | $0.1270 |
| 2024-02-28 | 2024-03-07 | Monthly | $0.1270 |
| 2024-01-30 | 2024-02-09 | Monthly | $0.1270 |
| 2023-12-28 | 2024-01-08 | Monthly | $0.1270 |
| 2023-11-29 | 2023-12-07 | Monthly | $0.1270 |
| 2023-10-30 | 2023-11-07 | Monthly | $0.1270 |
| 2023-09-28 | 2023-10-06 | Monthly | $0.1270 |
| 2023-08-30 | 2023-09-08 | Monthly | $0.1270 |
| 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 |
| 2020-11-27 | 2020-12-10 | Monthly | $0.087 |
| 2020-10-29 | 2020-11-12 | 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 (2024-10-31) English Français
ETF Facts
HCAL ETF Facts (2024-06-05) English Français
Prospectus
HCAL Prospectus (2024-06-05) 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 (2023-12-31) English Français
Interim Financial Statements (2024-06-30) English Français
Latest Portfolio Summary
Q3 2024 Portfolio Summary (2024-09-30) Download
Proxy Voting
Proxy Voting Report (2023-07 to 2024-06) Download
Independent Review Committee
2023 Annual Report to Securityholders (2024-03-13) Download