Key stats
About TD CDN BK DIVID INDEX ETF CAD UNITS
Home page
Inception date
Apr 20, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
TD Asset Management, Inc.
The fund is passively managed to provide exposure to the largest banks in Canada. To be considered, securities should either be major or regional banks, as classified by FactSet RBICS. The top six securities with the highest free-float market capitalization are selected. Using a rules-based methodology, banks are ranked and weighted based on dividend growth over the previous 12-month period. Hence, more weight is allocated to securities with higher dividend growth. The index is rebalanced on a quarterly basis.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.62%
Finance99.62%
Bonds, Cash & Other0.38%
Cash0.38%
Stock breakdown by region
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
Frequently Asked Questions
TBNK top holdings are National Bank of Canada and Royal Bank of Canada, occupying 29.18% and 22.57% of the portfolio correspondingly.
TBNK last dividends amounted to 0.10 CAD. The month before, the issuer paid 0.10 CAD in dividends,
TBNK assets under management is 44.81 M CAD. It's risen 14.17% over the last month.
TBNK fund flows account for 23.25 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, TBNK pays dividends to its holders with the dividend yield of 3.74%. The last dividend (Jun 5, 2025) amounted to 0.10 CAD. The dividends are paid monthly.
TBNK shares are issued by The Toronto-Dominion Bank under the brand TD. The ETF was launched on Apr 20, 2023, and its management style is Passive.
TBNK expense ratio is 0.28% meaning you'd have to pay 0.28% of your investment to help manage the fund.
TBNK follows the Solactive Canadian Bank Dividend Index - CAD - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TBNK invests in stocks.
TBNK price has risen by 8.91% over the last month, and its yearly performance shows a 23.22% increase. See more dynamics on TBNK price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 8.43% over the last month, showed a 7.39% increase in three-month performance and has increased by 29.10% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 8.43% over the last month, showed a 7.39% increase in three-month performance and has increased by 29.10% in a year.
TBNK trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.