Hamilton Canadian Bank
Mean Reversion Index ETF
A smarter way to invest in Canadian banks
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
+40.51% annualized return since inception *As at September 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 $23.53
- CHANGE +$0.18
- YIELD 4.20%
- ASSETS $343.3M
Returns
- ticker 0.00%
- 1 month 0.40%
- 3 months -0.02%
- 6 months 9.61%
- year to date 25.81%
- 1 year 45.09%
- inception* 40.51%
- 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 September 30, 2021. Source: Bloomberg, Solactive AG
- Overview
- Distributions
- Documents
| ticker | name | weight |
| RY | Royal Bank of Canada | 27% |
| CM | Canadian Imperial Bank of Commerce | 27% |
| BNS | Bank of Nova Scotia | 27% |
| NA | National Bank of Canada | 7% |
| TD | Toronto-Dominion Bank | 7% |
| BMO | Bank of Montreal | 7% |
| Ticker | HCA (CAD) |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 40704K100 |
| Inception Date | June 26, 2020 |
| Investment Style | Index-based, mean reversion strategy |
| Benchmark | Solactive Canadian Bank Mean Reversion Index |
| Assets | $340.7M CAD* |
| Yield | 4.20%* |
| Distributions | Monthly |
| Rebalancing Frequency | Monthly |
| Management Fee | 0.45% |
| Administrator | Horizons ETFs Management (Canada) Inc. |
| Auditor | KPMG LLP |
| Ex-Dividend Date | Paid | Frequency | Amount |
|---|---|---|---|
| 2021-09-28 | 2021-10-13 | Monthly | $0.080 |
| 2021-08-30 | 2021-09-13 | Monthly | $0.080 |
| 2021-07-29 | 2021-08-12 | Monthly | $0.080 |
| 2021-06-29 | 2021-07-13 | Monthly | $0.080 |
| 2021-05-28 | 2021-06-10 | Monthly | $0.080 |
| 2021-04-29 | 2021-05-12 | Special | $0.100 |
| 2021-04-29 | 2021-05-12 | Monthly | $0.075 |
| 2021-03-30 | 2021-04-13 | Monthly | $0.075 |
| 2021-02-25 | 2021-03-10 | Monthly | $0.072 |
| 2021-01-28 | 2021-02-10 | Monthly | $0.072 |
| 2020-12-30 | 2021-01-13 | Special | $0.26041 |
| 2020-12-30 | 2021-01-13 | Monthly | $0.072 |
| 2020-11-27 | 2020-12-10 | Monthly | $0.072 |
| 2020-10-29 | 2020-11-12 | Monthly | $0.072 |
| 2020-09-30 | 2020-10-13 | Monthly | $0.070 |
| 2020-08-28 | 2020-09-11 | Monthly | $0.070 |
| 2020-07-30 | 2020-08-13 | Monthly | $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 (2021-09-30) English Français
ETF Facts
HCA Fact Sheet (2021-05-10) English Français
Prospectus
HCA Prospectus (2021-05-10) English Français
Financial Statements
Interim Financial Statements (2021-06-30) English Français
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