Hamilton Enhanced
Canadian Bank ETF

  • Ticker HCAL
  • Yield % 6.14

Top Performing Canadian Bank ETF

Canadian Banks Enhanced HCAL

Highlights:

Top performing Canadian bank ETF, with a +39.27% annualized total return*Since inception, as at April 29, 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 March 31, 2022. Source: Bloomberg, Hamilton ETFs

Yield of 6.14%*As at April 29, 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 $24.04
  • CHANGE +$0.46
  • YIELD *

    As at April 29, 2022

    6.14%
  • ASSETS $370.6M

Annualized Returns

As at April 29, 2022

  • ticker 0.00%
  • 1 month -7.86%
  • 3 months -12.10%
  • 6 months 1.20%
  • year to date -5.77%
  • 1 year 15.78%
  • inception* 39.27%
  • as of date 202200.00%

Growth of $10,000 Invested

As at April 29, 2022

  • Overview
  • Distributions
  • Documents

Holdings

As at April 29, 2022

tickernameweight
HCAHamilton Canadian Bank Mean Reversion Index ETF100.0%

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
NameWeight
National Bank of Canada26.6%
Canadian Imperial Bank of Commerce26.6%
Royal Bank of Canada26.5%
Bank of Nova Scotia7.0%
Toronto-Dominion Bank6.7%
Bank of Montreal6.6%

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.
TickerHCAL
ExchangeToronto Stock Exchange (TSX)
CUSIP407363100
Inception DateOctober 14, 2020
Investment StyleIndex-based, mean-reversion strategy + modest leverage
IndexSolactive Canadian Bank Mean Reversion Index
Assets$370.6M CAD*
Yield6.14%*
DistributionsMonthly
Management Fee0.65%
AdministratorHorizons ETFs Management (Canada) Inc.
AuditorKPMG LLP

Distributions

HCAL 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. The annual tax information for 2021 is available here.
Ex-Dividend DatePaidFrequencyAmount
2022-05-302022-06-10Monthly$0.1225
2022-04-282022-05-11Monthly$0.1225
2022-03-302022-04-12Monthly$0.1225
2022-02-252022-03-10Monthly$0.1225
2022-01-282022-02-10Monthly$0.115
2021-12-302022-01-13Special (non-cash)$2.29452
2021-12-302022-01-13Monthly$0.115
2021-11-292021-12-10Monthly$0.1075
2021-10-282021-11-10Monthly$0.100
2021-09-282021-10-13Monthly$0.100
2021-08-302021-09-13Monthly$0.100
2021-07-292021-08-12Monthly$0.100
2021-06-292021-07-13Monthly$0.100
2021-05-282021-06-10Monthly$0.100
2021-04-292021-05-12Special (cash)$0.110
2021-04-292021-05-12Monthly$0.093
2021-03-302021-04-13Monthly$0.093
2021-02-252021-03-10Monthly$0.087
2021-01-282021-02-10Monthly$0.087
2020-12-302021-01-13Special (cash)$0.30745
2020-12-302021-01-13Monthly$0.087
2020-11-272020-12-10Monthly$0.087
2020-10-292020-11-12Monthly$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 (2022-04-29) English Français

ETF Facts

HCAL ETF Facts (2021-10-15) English Français

Prospectus

HCAL Prospectus (2021-10-15) English Français

Financial Statements

Interim Financial Statements (2021-06-30) English Français
Annual Financial Statements (2021-12-31) English Français

Latest Portfolio Summary

Q1 2022 Portfolio Summary (2022-03-31) Download

Independent Review Committee

2021 Annual Report to Securityholders (2022-03-21) Download

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