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CASH

Horizons High Interest Savings ETF

Price
$50.17
$0.01
0.01%
NAV
$50.1440
$0.0058
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH

QQCC

Horizons NASDAQ-100 Covered Call ETF

Price
$9.85
$0.07
0.72%
NAV
$9.7762
$-0.0039
-0.04%

Active

Covered Call

Fact Sheet
Learn more about QQCC

HRAA

Horizons ReSolve Adaptive Asset Allocation ETF

Price
$11.15
$-0.02
-0.18%
NAV
$11.2056
$-0.0234
-0.21%

Active

Corporate Class – Alternative

Fact Sheet
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HEWB

Horizons Equal Weight Canada Banks Index ETF

Get the Total Return of Canadian Banks

Horizons Equal Weight Canada Banks Index ETF (HEWB) provides equal-weight exposure to Canada’s six largest banks, commonly referred to as the “Big Six”. These include: Royal Bank of Canada (RBC); Toronto-Dominion Bank (TD); Bank of Nova Scotia (Scotiabank); Bank of Montreal (BMO); Canadian Imperial Bank of Commerce (CIBC) and National Bank of Canada (National Bank).

Key Features

• The Total Return Index Advantage: HEWB is part of Horizons Total Return Index family of ETFs (Horizons TRI ETFs). HEWB uses a total return swap contract to replicate the performance of the Index. This structure typically reduces tracking error associated with replicating an index and increases tax efficiency
• Tax Efficiency: HEWB is not expected to make taxable distributions, making it advantageous for taxable accounts
• Automatic reinvestment: The reinvestment of index constituent distributions are reflected in HEWB’s Net Asset Value (NAV) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or even monthly

Investment Objective

HEWB seeks to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Banks Index (Total Return), net of expenses. The Solactive Equal Weight Canada Banks Index (Total Return) is an equal weight index of equity securities of diversified Canadian banks.

Fund Details

Ticker
HEWB
Inception Date
January 22, 2019
Net Assets ?
$136,092,368
As at  November 18, 2022
Consolidated Prior Day Volume ?
1,874
For  November 25, 2022
Average Daily Trading Volume Over a 12 Month Period ?
24,953
As at  November 25, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
SOLCBEW
Management Fee
0.25%
(Plus applicable sales taxes. Annual management fee reduced from 0.30% to 0.25%, effective November 2, 2021)
Management Expense Ratio ?
0.27%
As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
Counterparty Exposure ?
6.87%
As at October 31, 2022
LEI ?
549300KW6DULSXUXF698
NAV / Unit
$30.3768
Price
$30.38
Premium Discount
$0.00
Premium Discount Percentage
0.01%
Outstanding Shares
4,559,615
Index 12-Month Trailing Yield ?
4.58
Current Index Yield ?
4.66

The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.

The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.

Annualized Performance (%) *

1mo 3mo 6mo YTD 1 yr 3 yr 5 yr 10 yr SIR**
Horizons Equal Weight Canada Banks Index ETF 3.73 -1.07 -5.52 -8.68 -5.76 9.78 -- -- 9.97
Solactive Equal Weight Canada Banks Index 3.76 -1.00 -5.39 -8.47 -5.49 10.14 -- -- 10.29

**Fund performance since inception on January 22, 2019, as at October 31, 2022

Calendar Year Performance (%) *

2014 2015 2016 2017 2018 2019 2020 2021

Horizons Equal Weight Canada Banks Index ETF

-- -- -- -- -- -- 4.09 39.61
Solactive Equal Weight Canada Banks Index -- -- -- -- -- -- 4.43 40.06

The Inception Date shown is the inception date of the predecessor ETF of the same name which was structured as a trust. On November 27, 2019, after receiving unitholder approval, the predecessor ETF merged into a class of shares of a corporate fund structure. In accordance with exemptive relief, the data of the ETF presented here includes the historical data of the predecessor ETF in order to provide full disclosure of the ETF’s data.

Distributions

Distribution data is not currently available.

Index Holdings

As at October 31, 2022
Security Name Weight
National Bank of Canada 17.34%
Toronto-Dominion Bank 16.94%
Royal Bank of Canada 16.90%
Bank of Montreal 16.85%
Canadian Imperial Bank of Commerce 16.60%
Bank of Nova Scotia 15.37%
At a Glance

Get the Total Return of Canadian Banks

Horizons Equal Weight Canada Banks Index ETF (HEWB) provides equal-weight exposure to Canada’s six largest banks, commonly referred to as the “Big Six”. These include: Royal Bank of Canada (RBC); Toronto-Dominion Bank (TD); Bank of Nova Scotia (Scotiabank); Bank of Montreal (BMO); Canadian Imperial Bank of Commerce (CIBC) and National Bank of Canada (National Bank).

Key Features

• The Total Return Index Advantage: HEWB is part of Horizons Total Return Index family of ETFs (Horizons TRI ETFs). HEWB uses a total return swap contract to replicate the performance of the Index. This structure typically reduces tracking error associated with replicating an index and increases tax efficiency
• Tax Efficiency: HEWB is not expected to make taxable distributions, making it advantageous for taxable accounts
• Automatic reinvestment: The reinvestment of index constituent distributions are reflected in HEWB’s Net Asset Value (NAV) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or even monthly

Product Facts

Investment Objective

HEWB seeks to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Banks Index (Total Return), net of expenses. The Solactive Equal Weight Canada Banks Index (Total Return) is an equal weight index of equity securities of diversified Canadian banks.

Fund Details

Ticker
HEWB
Inception Date
January 22, 2019
Net Assets ?
$136,092,368
As at November 18, 2022
Consolidated Prior Day Volume ?
1,874
For November 25, 2022
Average Daily Trading Volume Over a 12 Month Period ?
24,953
As at November 25, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
SOLCBEW
Management Fee
0.25%
(Plus applicable sales taxes. Annual management fee reduced from 0.30% to 0.25%, effective November 2, 2021)
Management Expense Ratio ?
0.27%
 As at June 30, 2022
Currency
CAD
Currency Hedging
N/A
Counterparty Exposure ?
6.87%
As at October 31, 2022
LEI ?
549300KW6DULSXUXF698
NAV / Unit
$30.3768
Price
$30.38
Premium Discount
$0.00
Premium Discount Percentage
0.01%
Outstanding Shares
4,559,615
Index 12-Month Trailing Yield ?
4.58
Current Index Yield ?
4.66

The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.

The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.

Performance & Distributions

Annualized Performance (%) *

1mo 3mo 6mo YTD 1 yr 3 yr 5 yr 10 yr SIR**
Horizons Equal Weight Canada Banks Index ETF 3.73 -1.07 -5.52 -8.68 -5.76 9.78 -- -- 9.97
Solactive Equal Weight Canada Banks Index 3.76 -1.00 -5.39 -8.47 -5.49 10.14 -- -- 10.29

**Fund performance since inception on January 22, 2019, as at October 31, 2022

Calendar Year Performance (%)

2014 2015 2016 2017 2018 2019 2020 2021
Horizons Equal Weight Canada Banks Index ETF -- -- -- -- -- -- 4.09 39.61
Solactive Equal Weight Canada Banks Index -- -- -- -- -- -- 4.43 40.06

The Inception Date shown is the inception date of the predecessor ETF of the same name which was structured as a trust. On November 27, 2019, after receiving unitholder approval, the predecessor ETF merged into a class of shares of a corporate fund structure. In accordance with exemptive relief, the data of the ETF presented here includes the historical data of the predecessor ETF in order to provide full disclosure of the ETF’s data.

Distributions

Distribution data is not currently available.

Holdings

Index Holdings

As at October 31, 2022
Security Name Weight
National Bank of Canada 17.34%
Toronto-Dominion Bank 16.94%
Royal Bank of Canada 16.90%
Bank of Montreal 16.85%
Canadian Imperial Bank of Commerce 16.60%
Bank of Nova Scotia 15.37%

Related Posts

At Horizons ETFs, we believe in education as empowerment. We endeavor to equip Canadian investors with the knowledge and tools they need to navigate the investing world. From the ETF basics to more complex topics like how our suite of inverse and leveraged funds work, our comprehensive learning library aims to be accessible for all investors, from beginners to experienced traders!