Hamilton Canadian Bank
Equal-Weight Index ETF

  • Ticker HEB
  • Yield % 5.44

Low-Cost Canadian Bank ETF

HEB FACT SHEET (ENGLISH)
HEB FACT SHEET (FRANÇAIS)

HIGHLIGHTS

Low-cost Canadian bank ETF

5.44% yield*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 August 31, 2023; monthly distributions

Convenient equal-weight exposure to Canada’s big-6 banks

Dividends from Canadian banks are eligible for the Canadian Dividend Tax Credit

A GOOD FIT FOR INVESTORS WHO WANT

Attractive monthly income

Tax efficient distributions

Low-fee exposure to the big-6 Canadian banks

FUND OBJECTIVE

HEB is designed to track the returns of the Solactive Equal Weight Canada Banks Index, net of fees and expenses. HEB rebalances semi-annually to equal-weight.

Latest Insights

Canadian Banks: History Points to a Stronger 2024 (after Two Tough Years)More
Canadian Banks: Three Ways the Banks Might “Clean Up” fQ4 (and Improve f2024)More
Canadian Banks Q3 2023 Takeaways (BNN)More

Performance

  • TICKER HEB
  • NAV $14.89
  • 1 DAY CHANGE +$0.12
  • YIELD *

    Current annualized yield, as at August 31, 2023

     5.44%
  • ASSETS $511.2M

Canadian Bank Index Outperformance1

since March 2007

1Annualized total returns based on Solactive Equal Weight Canada Banks Index (SOLCBEW) vs the S&P/TSX 60, since March 16, 2007, as at August 31, 2023. Source: Bloomberg, Solactive AG, Hamilton ETFs

Low-Cost Canadian Bank ETF

 

  • Overview
  • Distributions
  • Documents

Holdings

As at August 31, 2023

tickernameweight
TDToronto-Dominion Bank17.4%
BNSBank of Nova Scotia17.2%
BMOBank of Montreal16.7%
NANational Bank of Canada16.4%
CMCanadian Imperial Bank of Commerce16.2%
RYRoyal Bank of Canada16.0%

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.
TickerHEB
ExchangeToronto Stock Exchange (TSX)
CUSIP40704N104
Inception DateApril 3, 2023
Investment StyleEqual-Weight, Index-based
BenchmarkSolactive Equal Weight Canada Banks Index
Assets$511.2M CAD*
Current Annualized Yield5.44%*
DistributionsMonthly
RebalancingSemi-Annually
Management Fee0.19%
Risk RatingMedium
AuditorKPMG LLP
Legal Entity Identifier549300093ISLOKV5JH04

Distributions

HEB 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 first distribution is expected to be for the month ended April 30, 2023.
Ex-Dividend DatePaidFrequencyAmount
2023-09-282023-10-06Monthly$0.069
2023-08-302023-09-08Monthly$0.069
2023-07-282023-08-08Monthly$0.069
2023-06-292023-07-10Monthly$0.069
2023-05-302023-06-07Monthly$0.069

You can view public filings for the Hamilton Canadian Bank Equal-Weight Index ETF on SEDAR.

Press Releases

View the latest HEB Press Releases

Fact Sheet

HEB Fact Sheet (2023-08-31) English Français

ETF Facts

HEB ETF Facts (2023-03-27) English Français

Prospectus

HEB Prospectus (2023-05-24) English Français

Financial Statements

Interim Financial Statements (2023-06-30) English Français

Independent Review Committee

2022 Annual Report to Securityholders (2023-03-21) Download

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