Hamilton Enhanced
Canadian Bank ETF
Top Performing Canadian Bank ETF
Highlights:
Top performing Canadian bank ETF, with a +25.28% annualized total return*Since inception, as at November 30, 2022. Based on a universe of seven Canadian bank ETFs that trade on the Toronto Stock Exchange.
HCAL outperformed the average of the Big-6 Canadian banks with similar volatility *Volatility is the annualized standard deviation of daily returns since Oct 14, 2020. Big-6 average is the equally weighted average of the 6 Canadian banks. As at November 30, 2022. Source: Bloomberg, Hamilton ETFs
Yield of 6.82%*As at November 30, 2022
Exposure to Canada’s “Big Six” banks with modest 25% cash leverage
A GOOD FIT FOR INVESTORS WHO WANT:
Enhanced growth potential and higher monthly income
Exposure to mean reversion, a strategy with historical index outperformance vs. equal weight and covered call strategies
Monthly distributions
FUND OBJECTIVE
The fund invests in HCA — which is designed to closely track the returns of the Solactive Canadian Bank Mean Reversion Index TR, investing in Canadian banks — while adding modest 25% cash leverage provided by a Canadian financial institution. Unlike other ETFs that utilize leverage, HCAL does not use derivatives.
Performance
- TICKER HCAL
- NAV $21.89
- 1 DAY CHANGE -$0.42
-
YIELD *
Current annualized yield, as at November 30, 2022
6.82% - ASSETS $397.9M
Annualized Returns
- ticker 0.00%
- 1 month 6.13%
- 3 months 6.50%
- 6 months -6.18%
- year to date -8.57%
- 1 year 0.16%
- 2 years* 18.39%
- inception* 25.28%
- as of date 202200.00%
- Overview
- Distributions
- Documents
| ticker | name | weight |
| HCA | Hamilton Canadian Bank Mean Reversion Index ETF | 100.0% |
Leverage is via cash borrowing (not derivatives), provided by a Canadian financial institution.
HCA Holdings
Hamilton Canadian Bank Mean Reversion Index ETF (HCA) invests in Canada’s “big six” banks| Name | Weight |
|---|---|
| Bank of Nova Scotia | 27.1% |
| Canadian Imperial Bank of Commerce | 26.6% |
| Bank of Montreal | 26.3% |
| Royal Bank of Canada | 6.8% |
| National Bank of Canada | 6.7% |
| Toronto-Dominion Bank | 6.5% |
| Ticker | HCAL |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 407363100 |
| Inception Date | October 14, 2020 |
| Investment Style | Index-based, mean-reversion strategy + modest leverage |
| Index | Solactive Canadian Bank Mean Reversion Index |
| Assets | $397.9M CAD* |
| Current Annualized Yield | 6.82%* |
| Distributions | Monthly |
| Management Fee | 0.65% |
| Administrator | Horizons ETFs Management (Canada) Inc. |
| Auditor | KPMG LLP |
| Ex-Dividend Date | Paid | Frequency | Amount |
|---|---|---|---|
| 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 |
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 (2022-10-31) English Français
ETF Facts
HCAL ETF Facts (2022-08-17) English Français
Prospectus
HCAL Prospectus (2022-08-17) English Français
Financial Statements
Interim Financial Statements (2022-06-30) English Français
Annual Financial Statements (2021-12-31) English Français
Latest Portfolio Summary
Q3 2022 Portfolio Summary (2022-09-30) Download
Independent Review Committee
2021 Annual Report to Securityholders (2022-03-21) Download