Hamilton Canadian Bank
Mean Reversion Index ETF
A Smarter Way to Invest in Canadian Banks
Highlights
Canadian bank ETF with exposure to the “Big Six” banks using a mean reversion strategy
+13.54% annualized return since inception *As at August 31, 2023
5.86% yield with monthly distributions*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 August 31, 2023
Mean reversion has long-term outperformance vs. equal weight strategies*Annualized returns of Solactive Canadian Bank Mean Reversion Index TR (SOLCBMRT) since inception on March 16, 2007 vs Solactive Equal Weight Canada Banks Index (SOLCBEW) as at March 31, 2023; source: Bloomberg, Solactive AG
Potential for higher long-term returns
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 quarterly 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 quarterly rebalancing.
The Solactive Canadian Bank Mean Reversion Index TR has outperformed an equal weight portfolio of Canada’s banks
Performance
- TICKER HCA
- NAV $19.53
- 1 DAY CHANGE -$0.10
-
YIELD *
Current annualized yield, as at August 31, 2023
5.86% - ASSETS $78.0M
Annualized Returns
- ticker 0.00%
- 1 month -5.76%
- 3 months 2.57%
- 6 months -6.89%
- year to date 0.87%
- 1 year -1.86%
- 3 years* 10.51%
- inception* 13.53%
- as of date 202300.00%
Solactive Canadian Bank Mean Reversion Index TR vs Solactive Equal Weight Canada Banks Index
Value of 10,000 of Solactive Canadian Bank Mean Reversion Index TR (SOLCBMRT) vs Solactive Equal Weight Canada Banks Index (SOLCBEW) with annual compounded total returns since inception on March 16, 2007, as at August 31, 2023. Source: Bloomberg, Solactive AG
- Overview
- Distributions
- Documents
| ticker | name | weight |
| BNS | Bank of Nova Scotia | 27.3% |
| BMO | Bank of Montreal | 26.9% |
| CM | Canadian Imperial Bank of Commerce | 26.1% |
| TD | Toronto-Dominion Bank | 6.7% |
| RY | Royal Bank of Canada | 6.6% |
| NA | National Bank of Canada | 6.4% |
| Ticker | HCA |
| 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 | $78.0M CAD* |
| Current Annualized Yield | 5.86%* |
| Distributions | Monthly |
| Rebalancing | Quarterly |
| Management Fee | 0.29% |
| Risk Rating | Medium |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 549300ZKTX737BJCLT27 |
| Ex-Dividend Date | Paid | Frequency | Amount |
|---|---|---|---|
| 2023-09-28 | 2023-10-06 | Monthly | $0.0960 |
| 2023-08-30 | 2023-09-08 | Monthly | $0.0960 |
| 2023-07-28 | 2023-08-08 | Monthly | $0.0960 |
| 2023-06-29 | 2023-07-10 | Special (cash) | $0.6000 |
| 2023-06-29 | 2023-07-10 | Monthly | $0.0960 |
| 2023-05-30 | 2023-06-07 | Monthly | $0.0960 |
| 2023-04-27 | 2023-05-05 | Monthly | $0.0960 |
| 2023-03-30 | 2023-04-13 | Monthly | $0.0960 |
| 2023-02-27 | 2023-03-10 | Monthly | $0.0960 |
| 2023-01-30 | 2023-02-10 | Monthly | $0.0960 |
| 2022-12-29 | 2023-01-12 | Monthly | $0.0960 |
| 2022-11-29 | 2022-12-12 | Monthly | $0.0960 |
| 2022-10-28 | 2022-11-10 | Monthly | $0.0960 |
| 2022-09-28 | 2022-10-13 | Monthly | $0.0960 |
| 2022-08-30 | 2022-09-13 | Monthly | $0.0960 |
| 2022-07-28 | 2022-08-11 | Monthly | $0.0960 |
| 2022-06-29 | 2022-07-13 | Monthly | $0.0960 |
| 2022-05-30 | 2022-06-10 | Monthly | $0.0925 |
| 2022-04-28 | 2022-05-11 | Monthly | $0.0925 |
| 2022-03-30 | 2022-04-12 | Monthly | $0.0925 |
| 2022-02-25 | 2022-03-10 | Monthly | $0.0925 |
| 2022-01-28 | 2022-02-10 | Monthly | $0.090 |
| 2021-12-30 | 2022-01-13 | Special (non-cash) | $1.80801 |
| 2021-12-30 | 2022-01-13 | Monthly | $0.090 |
| 2021-11-29 | 2021-12-10 | Monthly | $0.085 |
| 2021-10-28 | 2021-11-10 | Monthly | $0.080 |
| 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 (cash) | $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 (cash) | $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 |
| 2020-09-29 | 2020-10-13 | Monthly | $0.070 |
| 2020-08-28 | 2020-09-11 | 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
Fact Sheet
HCA Fact Sheet (2023-08-31) English Français
ETF Facts
HCA ETF Facts (2023-03-27) English Français
Prospectus
HCA Prospectus (2023-03-27) English Français
Financial Statements
Annual Financial Statements (2022-12-31) English Français
Interim Financial Statements (2023-06-30) English Français
Latest Portfolio Summary
Q1 2023 Portfolio Summary (2023-03-31) Download
Independent Review Committee
2022 Annual Report to Securityholders (2023-03-21) Download