Hamilton Enhanced
Canadian Bank ETF

  • Ticker HCAL
  • Yield % 7.46

Top Performing Canadian Bank ETF

Canadian Banks Enhanced HCAL

Highlights

Top performing Canadian bank ETF*Since inception on October 14, 2020, as at April 30, 2024. Based on a universe of seven Canadian bank ETFs that trade on the Toronto Stock Exchange, including unlevered and covered call strategies. Effective April 14, 2023, the investment objective of the Hamilton Enhanced Canadian Bank ETF (HCAL) was changed to equal weight exposure from its prior mean reversion approach. In certain markets, the current approach is expected to outperform the prior.

Yield of 7.46%*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 April 30, 2024, 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 April 30, 2024. Source: Bloomberg, Hamilton ETFs

A GOOD FIT FOR INVESTORS WHO WANT

Enhanced growth potential

Higher monthly income

Modest 25% cash leverage

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 $21.23
  • 1 DAY CHANGE -$0.06
  • YIELD *

    Current annualized yield, as at April 30, 2024

    7.46%
  • ASSETS $535.1M

Total Returns (incl. Dividends)

As at April 30, 2024

  • ticker 0.00%
  • 1 month -5.23%
  • 3 months 3.68%
  • 6 months 26.91%
  • year to date 1.13%
  • 1 year 7.51%
  • 3 years* 4.62%
  • inception* 15.12%
  • as of date 202400.00%

Growth of $10,000 Invested

As at April 26, 2024

Benefits of Modest Leverage1

Since March 2007

1Growth of $10,000 based on total returns of the Solactive Equal Weight Canada Banks Index (SOLCBEW) vs 1.25x SOLCBEW, since March 16, 2007, as at April 30, 2024. Source: Bloomberg, Solactive AG, Hamilton ETFs

Similar Volatility vs. Big-6 Banks2

 

2Standard deviation since October 14, 2020, at April 30, 2024. Source: Bloomberg, Hamilton ETFs

  • Overview
  • Distributions
  • Documents

Holdings

As at April 30, 2024

tickernameweight
HEBHamilton Canadian Bank Equal-Weight Index ETF125.3%

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
NameWeight
National Bank of Canada17.2%
Toronto-Dominion Bank17.1%
Royal Bank of Canada16.8%
Bank of Montreal16.6%
Canadian Imperial Bank of Commerce16.1%
Bank of Nova Scotia15.9%

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
IndexSolactive Equal Weight Canada Banks Index
Assets$535.1M CAD*
Current Annualized Yield7.46%*
DistributionsMonthly
Management Fee0.65%
Risk RatingMedium to High
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. To set up a DRIP, please contact your individual brokerage. The annual tax information is available here.
Ex-Dividend DatePaidFrequencyAmount
2024-04-292024-05-07Monthly$0.1270
2024-03-272024-04-05Monthly$0.1270
2024-02-282024-03-07Monthly$0.1270
2024-01-302024-02-09Monthly$0.1270
2023-12-282024-01-08Monthly$0.1270
2023-11-292023-12-07Monthly$0.1270
2023-10-302023-11-07Monthly$0.1270
2023-09-282023-10-06Monthly$0.1270
2023-08-302023-09-08Monthly$0.1270
2023-07-282023-08-08Monthly$0.1270
2023-06-292023-07-10Monthly$0.1270
2023-05-302023-06-07Monthly$0.1270
2023-04-272023-05-05Monthly$0.1270
2023-03-302023-04-13Monthly$0.1270
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
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 (2024-04-30) 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 (2023-12-31) English Français
Interim Financial Statements (2023-06-30) English Français

Latest Portfolio Summary

Q1 2024 Portfolio Summary (2024-03-31) Download

Independent Review Committee

2023 Annual Report to Securityholders (2024-03-13) Download

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