Hamilton Enhanced
Canadian Bank ETF
Get more from investing in Canadian banks
Highlights:
Higher yields with enhanced return potential as sector recovers from credit cycle
Exposure to Canada’s “Big Six” banks with 25% leverage
Historical volatility of Canadian banks times 1.25 is materially lower than U.S. banks
A GOOD FIT FOR INVESTORS WHO WANT:
Higher growth potential, higher dividends
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 25% leverage provided by a Canadian financial institution. Unlike other ETFs that utilize leverage, HCAL does not use derivatives.
Performance
- TICKER HCAL
- NAV $22.15
- CHANGE -$0.19
- YIELD 5.12%
- ASSETS $132.1M
Unlevered Mean Reversion vs. “Big-5” Canadian Banks (Equal Weight)
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 Mar 31, 2021. Source: Bloomberg, Solactive AG
- Overview
- Distributions
- Documents
| ticker | name | weight |
| HCA | Hamilton Canadian Bank Mean Reversion Index ETF | 125% |
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 |
|---|---|
| Canadian Imperial Bank of Commerce | 27% |
| Bank of Nova Scotia | 27% |
| Royal Bank of Canada | 27% |
| Bank of Montreal | 7% |
| National Bank of Canada | 7% |
| Toronto-Dominion Bank | 7% |
| Ticker | HCAL (CAD) |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 407363100 |
| Inception Date | October 14, 2020 |
| Investment Style | Index-based, mean-reversion strategy + leverage |
| Index | Solactive Canadian Bank Mean Reversion Index |
| Leverage | 1.25x |
| Assets | $132.1M CAD* |
| Yield | 5.12%* |
| Distributions | Monthly |
| Eligibility | RRSP, DRIP, RRIF, DPSP, RDSP, RESP, TFSA |
| Management Fee | 0.65% |
| Administrator | Horizons ETFs Management (Canada) Inc. |
| Auditor | KPMG LLP |
| Ex-Dividend Date | Paid | Frequency | Amount |
|---|---|---|---|
| 2021-04-29 | 2021-05-12 | Special | $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 | Annual | $0.30745 |
| 2020-12-30 | 2021-01-13 | Monthly | $0.087 |
| 2020-11-27 | 2020-12-10 | Monthly | $0.087 |
| 2020-10-29 | 2020-11-12 | 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
Highlights
HCAL Highlights (2021-04-30) English Français
ETF Facts
HCAL Fact Sheet (2021-03-26) English Français
Prospectus
HCAL Prospectus (2021-03-26) English Français
Financial Statements
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