HAMILTON ENHANCED CANADIAN BANK ETF CLASS E UNITSHAMILTON ENHANCED CANADIAN BANK ETF CLASS E UNITSHAMILTON ENHANCED CANADIAN BANK ETF CLASS E UNITS

HAMILTON ENHANCED CANADIAN BANK ETF CLASS E UNITS

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Key stats


Assets under management (AUM)
‪597.64 M‬CAD
Fund flows (1Y)
‪31.77 M‬CAD
Dividend yield (indicated)
6.22%
Discount/Premium to NAV
−0.2%

About HAMILTON ENHANCED CANADIAN BANK ETF CLASS E UNITS


Issuer
Hamilton Capital Partners, Inc.
Brand
Hamilton
Expense ratio
2.09%
Inception date
Oct 14, 2020
Index tracked
Solactive Equal Weight Canada Banks Index - CAD
Management style
Passive
The fund strives to achieve 1.25x the performance of its target index by adopting a strategic use of leverage, with a ceiling of 125% of its NAV. The fund utilizes borrowing and derivatives to effectively mirror the equity stakes in six prominent Canadian banks, balancing them equally within its investment portfolio. The criteria for selecting banks into the index focus on financial health, stipulating minimum requirements for market cap and daily trading volumes, prioritizing the banks' stability and the likelihood of strong returns. Additionally, the fund may invest in a range of securities or other investment funds to secure direct or indirect exposure to the index's constituents, keeping total leverage from borrowing cash, derivatives, and short selling under 25% of its NAV. The fund undergoes a semi-annual review to align with the index's results accurately.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Banks
Strategy
Equal
Weighting scheme
Equal
Selection criteria
Market cap

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of September 30, 2024
Exposure type
Bonds, Cash & Other
ETF
Bonds, Cash & Other100.00%
ETF100.03%
Miscellaneous−0.00%
Cash−0.03%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows