Hamilton Canadian Bank
Equal-Weight Index ETF
NOW TRADING: Lowest Cost Canadian Bank ETF
HIGHLIGHTS
Lowest cost Canadian bank ETF*Based on a universe of 11 Canadian bank ETFs that trade on the Toronto Stock Exchange, as at May 23, 2023.
5.14% yield*As of April 28, 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.
Performance
- TICKER HEB
- NAV $15.57
- 1 DAY CHANGE +$0.40
-
YIELD *
Current annualized yield, as at April 28, 2023
5.14% - ASSETS $511.6M
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 April 28, 2023. Source: Bloomberg, Solactive AG, Hamilton ETFs
Lowest Cost Canadian Bank ETF2
2Based on a universe of 11 Canadian bank ETFs that trade on the Toronto Stock Exchange, as at May 23, 2023.
- Overview
- Distributions
- Documents
| ticker | name | weight |
| BNS | Bank of Nova Scotia | 17.2% |
| NA | National Bank of Canada | 16.8% |
| RY | Royal Bank of Canada | 16.8% |
| BMO | Bank of Montreal | 16.7% |
| CM | Canadian Imperial Bank of Commerce | 16.4% |
| TD | Toronto-Dominion Bank | 16.1% |
| Ticker | HEB |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 40704N104 |
| Inception Date | April 3, 2023 |
| Investment Style | Equal-Weight, Index-based |
| Benchmark | Solactive Equal Weight Canada Banks Index |
| Assets | $511.6M CAD* |
| Current Annualized Yield | 5.14%* |
| Distributions | Monthly |
| Rebalancing | Semi-Annually |
| Management Fee | 0.19% |
| Risk Rating | Medium |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 549300093ISLOKV5JH04 |
| Ex-Dividend Date | Paid | Frequency | Amount |
|---|---|---|---|
| 2023-05-30 | 2023-06-07 | Monthly | $0.069 |
| 2023-04-27 | 2023-05-05 | Monthly | $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 (2023-04-28) English Français
ETF Facts
HEB ETF Facts (2023-03-27) English Français
Prospectus
HEB Prospectus (2023-03-27) English Français
Independent Review Committee
2022 Annual Report to Securityholders (2023-03-21) Download