Hamilton Enhanced
Canadian Bank ETF

  • Ticker HCAL
  • Yield % 6.98

Top Performing Canadian Bank ETF

Canadian Banks Enhanced HCAL
HCAL FACT SHEET (ENGLISH)
HCAL FACT SHEET (FRANÇAIS)
ETFs FAQ

Highlights:

Top performing Canadian bank ETF, with a +22.10% annualized total return*Since inception, as at February 28, 2023. 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 February 28, 2023. Source: Bloomberg, Hamilton ETFs

Yield of 6.98%*As at February 28, 2023

A GOOD FIT FOR INVESTORS WHO WANT:

Exposure to Canada’s “Big Six” banks with modest 25% cash leverage

Enhanced growth potential and higher monthly income

Monthly distributions

FUND OBJECTIVE

HCAL is designed to track 1.25x the returns of the Solactive Canadian Bank Mean Reversion Index TR, investing in Canadian banks — using modest 25% cash leverage. HCAL does not use derivatives.

* Effective February 15, 2023, unitholders approved an investment objective change to 1.25x an equal-weight Canadian bank index. The change is expected to take effect on or before April 21, 2023.

Insights

HCALHamilton ETFs Announces Unitholder Approval for Proposed Investment Objective Change for Hamilton Enhanced Canadian Bank ETFMore
Canadian Banks: Opportunities and Risks in 2023More
HCALHamilton ETFs Announces Unitholder Meeting for Proposed Objective Change for Hamilton Enhanced Canadian Bank ETFMore

HCAL Commentary  |  All Insights & Commentary

Performance

  • TICKER HCAL
  • NAV $19.49
  • 1 DAY CHANGE -$0.27
  • YIELD *

    Current annualized yield, as at February 28, 2023

     6.98%
  • ASSETS $368.5M

Annualized Returns

As at February 28, 2023

  • ticker 0.00%
  • 1 month -1.95%
  • 3 months -0.56%
  • 6 months 5.91%
  • year to date 10.20%
  • 1 year -14.36%
  • 2 years* 12.03%
  • inception* 22.10%
  • as of date 202300.00%

Growth of $10,000 Invested

As at February 24, 2023

Higher Yield1

 

1Big-6 average is the equally weighted average yield of the 6 Canadian banks. As at Feb 28, 2023. Source: Bloomberg, Hamilton ETFs

  • Overview
  • Distributions
  • Documents

Holdings

As at February 28, 2023

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
Canadian Imperial Bank of Commerce27.7%
Toronto-Dominion Bank26.7%
Bank of Nova Scotia25.4%
Royal Bank of Canada6.9%
National Bank of Canada6.7%
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, FHSA, 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, 25% modest leverage
IndexCurrently the Solactive Canadian Bank Mean Reversion Index. Changing on or before April 21, 2023 to the Solactive Equal Weight Canada Banks Index.
Assets$368.5M CAD*
Current Annualized Yield6.98%*
DistributionsMonthly
Management Fee0.65%
Risk RatingMedium to High
AdministratorHorizons ETFs Management (Canada) Inc.
AuditorKPMG LLP
Legal Entity Identifier549300JNYPYDVKHHRV07

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 is available here.
Ex-Dividend DatePaidFrequencyAmount
2023-02-272023-03-10Monthly$0.1270
2023-01-302023-02-10Monthly$0.1270
2022-12-292023-01-12Monthly$0.1270
2022-11-292022-12-12Monthly$0.1270
2022-10-282022-11-10Monthly$0.1270
2022-09-282022-10-13Monthly$0.1270
2022-08-302022-09-13Monthly$0.1270
2022-07-282022-08-11Monthly$0.1270
2022-06-292022-07-13Monthly$0.1270
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

You can view public filings for the Hamilton Enhanced Canadian Bank ETF on SEDAR.

Special Meeting of Unitholders

A special meeting of HCAL unitholders was held on February 15, 2023. For further details, please see the Management Information Circular and the Notice and Access.

Press Releases

View the latest HCAL Press Releases

Fact Sheet

HCAL Fact Sheet (2023-02-28) English Français

ETF Facts

HCAL ETF Facts (2022-08-17) English Français

Prospectus

HCAL Prospectus Amendment No.1 (2023-01-13) English Français

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

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