Hamilton Enhanced
Canadian Bank ETF
Higher Income and Growth Potential
Highlights
Yield of 8.31%*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 November 30, 2023, paid monthly
Equal-weight exposure to Canada’s “Big Six” banks with modest 25% cash leverage
HCAL has similar volatility compared to the Big-6 Canadian banks*Volatility is the annualized standard deviation of daily returns since Oct 14, 2020. Big-6 average is the Solactive Equal Weight Canada Banks Index (SOLCBEW). As at November 30, 2023. Source: Bloomberg, Hamilton ETFs
A GOOD FIT FOR INVESTORS WHO WANT
Enhanced growth potential and higher monthly income
Monthly distributions
FUND OBJECTIVE
HCAL is designed to track 1.25x the returns of the Solactive Equal Weight Canada Banks Index, investing in Canadian banks — using modest 25% cash leverage. HCAL does not use derivatives.*Effective April 14, 2023, the investment objective of the Hamilton Enhanced Canadian Bank ETF (HCAL) was changed. Please refer to the disclosure documents of HCAL at www.hamiltonetfs.com.
Performance
- TICKER HCAL
- NAV $18.62
- 1 DAY CHANGE +$0.02
-
YIELD *
Current annualized yield, as at November 30, 2023
8.31% - ASSETS $433.1M
Annualized Returns
- ticker 0.00%
- 1 month 10.45%
- 3 months -0.65%
- 6 months 0.31%
- year to date -1.65%
- 1 year -11.26%
- 3 years* 7.54%
- inception* 12.20%
- as of date 202300.00%
Higher Yield1
1Big-6 average is the Solactive Equal Weight Canada Banks Index (SOLCBEW). As at November 30, 2023. Source: Bloomberg, Hamilton ETFs
- Overview
- Distributions
- Documents
| ticker | name | weight |
| HEB | Hamilton Canadian Bank Equal-Weight Index ETF | 125.1% |
Leverage is via cash borrowing (not derivatives), provided by a Canadian financial institution.
HEB Holdings
Hamilton Canadian Bank Equal-Weight Index ETF invests in Canada's "big six" banks| Name | Weight |
|---|---|
| Canadian Imperial Bank of Commerce | 17.6% |
| Toronto-Dominion Bank | 17.0% |
| Royal Bank of Canada | 16.9% |
| National Bank of Canada | 16.3% |
| Bank of Montreal | 16.2% |
| Bank of Nova Scotia | 15.9% |
| Ticker | HCAL |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 407363100 |
| Inception Date | October 14, 2020 |
| Investment Style | Index-based, 25% modest leverage |
| Index | Solactive Equal Weight Canada Banks Index |
| Assets | $433.1M CAD* |
| Current Annualized Yield | 8.31%* |
| Distributions | Monthly |
| Management Fee | 0.65% |
| Risk Rating | Medium to High |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 549300JNYPYDVKHHRV07 |
| Ex-Dividend Date | Paid | Frequency | Amount |
|---|---|---|---|
| 2023-11-29 | 2023-12-07 | Monthly | $0.1270 |
| 2023-10-30 | 2023-11-07 | Monthly | $0.1270 |
| 2023-09-28 | 2023-10-06 | Monthly | $0.1270 |
| 2023-08-30 | 2023-09-08 | Monthly | $0.1270 |
| 2023-07-28 | 2023-08-08 | Monthly | $0.1270 |
| 2023-06-29 | 2023-07-10 | Monthly | $0.1270 |
| 2023-05-30 | 2023-06-07 | Monthly | $0.1270 |
| 2023-04-27 | 2023-05-05 | Monthly | $0.1270 |
| 2023-03-30 | 2023-04-13 | Monthly | $0.1270 |
| 2023-02-27 | 2023-03-10 | Monthly | $0.1270 |
| 2023-01-30 | 2023-02-10 | Monthly | $0.1270 |
| 2022-12-29 | 2023-01-12 | Monthly | $0.1270 |
| 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 |
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 (2023-11-30) English Français
ETF Facts
HCAL ETF Facts (2023-06-07) English Français
Prospectus
HCAL Prospectus (2023-06-07) English Français
A special meeting of HCAL unitholders was held on February 15, 2023. For further details, please see the Management Information Circular.
Financial Statements
Annual Financial Statements (2022-12-31) English Français
Interim Financial Statements (2023-06-30) English Français
Latest Portfolio Summary
Q3 2023 Portfolio Summary (2023-09-30) Download
Independent Review Committee
2022 Annual Report to Securityholders (2023-03-21) Download