Hamilton Canadian Bank
Mean Reversion Index ETF

  • Ticker HCA
  • Yield % 4.22

A smarter way to invest in Canadian banks

Toronto skyline evening

Highlights:

Exposure to Canada’s “Big Six” banks using a mean reversion strategy with monthly rebalancing

Potential for higher long-term returns and lower downside volatility

The Solactive Canadian Bank Mean Reversion Index TR has outperformed an equal weight portfolio of Canada’s banks –especially in turbulent times

Monthly distributions

+46.76% annualized return since inception *As at July 30, 2021

What is Mean-Reversion?

Mean reversion is one of the most popular themes in Canadian bank investing, given the individual Canadian banks have tended to perform similarly over time.

HCA attempts to take advantage of these tendencies by rebalancing the portfolio monthly and investing 80% of the portfolio in the 3 banks which have recently underperformed, and 20% in the 3 banks which have outperformed.

FUND OBJECTIVE

 

The fund is designed to closely track the returns of the Solactive Canadian Bank Mean Reversion Index TR, which applies a variable-weight, mean reversion trading strategy to Canada’s “Big Six” banks, with monthly rebalancing.

Performance

  • TICKER HCA
  • NAV $22.77
  • CHANGE -$0.18
  • YIELD 4.22%
  • ASSETS $290.0M

Growth of $10,000 Invested

As at July 30, 2021

Returns

As at July 30, 2021

ticker 0.00%
1 month -1.03%
3 months 5.04%
6 months 24.23%
year to date 24.54%
1 year 47.71%
since inception annualized 46.76%
as of date 202100.00%

Solactive Canadian Bank Mean Reversion Index TR vs Equal Weight Canadian Banks

Value of $100 invested since inception of Solactive Canadian Bank Mean Reversion Index TR (SOLCBMRT; Jan 1, 1990) vs equal weight portfolio of Canada’s “Big 5” banks, as at June 30, 2021. Source: Bloomberg, Solactive AG

  • Overview
  • Distributions
  • Documents

Top Holdings

As at July 30, 2021

tickernameweight
TDToronto-Dominion Bank27%
BNSBank of Nova Scotia27%
BMOBank of Montreal26%
NANational Bank of Canada7%
RYRoyal Bank of Canada7%
CMCanadian Imperial Bank of Commerce7%

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.
TickerHCA (CAD)
ExchangeToronto Stock Exchange (TSX)
CUSIP40704K100
Inception DateJune 26, 2020
Investment StyleIndex-based, mean reversion strategy
BenchmarkSolactive Canadian Bank Mean Reversion Index
Assets$290.0M CAD*
Yield4.22%*
DistributionsMonthly
Rebalancing FrequencyMonthly
Management Fee0.45%
AdministratorHorizons ETFs Management (Canada) Inc.
AuditorKPMG LLP

Distributions

HCA 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.
Ex-Dividend DatePaidFrequencyAmount
2021-07-292021-08-12Monthly$0.080
2021-06-292021-07-13Monthly$0.080
2021-05-282021-06-10Monthly$0.080
2021-04-292021-05-12Special$0.100
2021-04-292021-05-12Monthly$0.075
2021-03-302021-04-13Monthly$0.075
2021-02-252021-03-10Monthly$0.072
2021-01-282021-02-10Monthly$0.072
2020-12-302021-01-13Special$0.26041
2020-12-302021-01-13Monthly$0.072
2020-11-272020-12-10Monthly$0.072
2020-10-292020-11-12Monthly$0.072
2020-09-302020-10-13Monthly$0.070
2020-08-282020-09-11Monthly$0.070
2020-07-302020-08-13Monthly$0.070

You can view public filings for the Hamilton Canadian Bank Mean Reversion Index ETF on SEDAR.

Press Releases

View the latest HCA Press Releases

Overview

HCA Highlights (2021-06-30) English Français

ETF Facts

HCA Fact Sheet (2021-05-10) English Français

Prospectus

HCA Prospectus (2021-05-10) English Français

Financial Statements

Annual Financial Statements (2020-12-31) English Français

Latest Portfolio Summary

Q1 2021 Portfolio Summary (2021-03-31) Download

Independent Review Committee

2020 Annual Report to Securityholders (2021-03-04) Download

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