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HBNK

Horizons Equal Weight Banks Index ETF

Price
$21.58
$-0.10
-0.46%
NAV
$21.5751
$-0.1043
-0.48%

Benchmark

Sector Equity

Fact Sheet
Learn more about HBNK

SPAY

Horizons Short-Term U.S. Treasury Premium Yield ETF

Price
$27.09
$-0.02
-0.07%
NAV
$27.0814
$-0.0031
-0.01%

Active

Fixed Income

Fact Sheet
Learn more about SPAY

CASH

Horizons High Interest Savings ETF

Price
$50.09
$0.02
0.03%
NAV
$50.0675
$0.0066
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH
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BNKL

Horizons Enhanced Equal Weight Banks Index ETF

Magnified Outcomes

Through the application of light leverage, BNKL seeks to provide 125% exposure to the Underlying Index, resulting in potentially larger gains or losses relative to the Underlying Index.

Canadian Big Six Bank Exposure

As one of Canada’s largest economic sectors, the Canadian Big Six Banks have traditionally offered a stable bastion within the broader Canadian equity landscape.

Light Leverage, Big Opportunities

Investment Objective: BNKL seeks to replicate, to the extent reasonably possible and net of expenses, 1.25 times (125%) the performance of an index of equal-weighted equity securities of diversified Canadian banks (currently, the Solactive Equal Weight Canada Banks Index).

BNKL will use leverage in order to seek to achieve its investment objective. Leverage will be created through the use of cash borrowings or as otherwise permitted under applicable securities legislation.

Fund Details

Ticker
BNKL
Inception Date
July 05, 2023
Net Assets ?
$11,364,093
As at  April 11, 2024
Consolidated Prior Day Volume ?
5 784
For  April 11, 2024
Average Daily Trading Volume Over a 12 Month Period ?
5,426
As at  April 11, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.35%
(Plus applicable sales tax)
Management Expense Ratio ?
N/A (New ETF)
Currency
CAD
Currency Hedging
N/A
LEI ?
5493000KC5QU3F20FO14
Most Recent Distributions Per Unit
$0.09500
Distribution Frequency
Monthly
Record Date
March 28, 2024
NAV / Unit
$21.6455
Price
$21.94
Premium Discount
$0.29
Premium Discount Percentage
1.34%
Outstanding Shares
525,009

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 (%) *

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Calendar Year Performance (%) *

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2024 03/27/2024 03/28/2024 04/05/2024 0.095 Monthly
2024 02/28/2024 02/29/2024 03/07/2024 0.095 Monthly
2024 01/30/2024 01/31/2024 02/07/2024 0.095 Monthly
2023 12/28/2023 12/29/2023 01/08/2024 0.095 Monthly
2023 11/29/2023 11/30/2023 12/07/2023 0.095 Monthly
2023 10/30/2023 10/31/2023 11/07/2023 0.095 Monthly
2023 09/28/2023 09/29/2023 10/06/2023 0.101 Monthly
2023 08/30/2023 08/31/2023 09/08/2023 0.101 Monthly
2023 07/28/2023 07/31/2023 08/08/2023 0.101 Monthly

Top Holdings

As at April 11, 2024
Security Name Weight
Horizons Equal Weight Banks Index ETF 125.63%
CASH 0.16%

Horizons Enhanced Equal Weight Banks Index ETF (BNKL) may invest in one or more other investment funds, including investment funds managed by Horizons ETFs Management (Canada) Inc. (“HEMI”). In doing so, HEMI is required to ensure that no duplicate fees are payable by BNKL and passed on to the investor, where BNKL and the investment fund it holds provide the same service.

Click here for holdings of the Horizons Equal Weight Banks Index ETF (HBNK) Holdings

At a Glance

Key Features

Magnified Outcomes

Through the application of light leverage, BNKL seeks to provide 125% exposure to the Underlying Index, resulting in potentially larger gains or losses relative to the Underlying Index.

Canadian Big Six Bank Exposure

As one of Canada’s largest economic sectors, the Canadian Big Six Banks have traditionally offered a stable bastion within the broader Canadian equity landscape.

Light Leverage, Big Opportunities

Investment Objective: BNKL seeks to replicate, to the extent reasonably possible and net of expenses, 1.25 times (125%) the performance of an index of equal-weighted equity securities of diversified Canadian banks (currently, the Solactive Equal Weight Canada Banks Index).

BNKL will use leverage in order to seek to achieve its investment objective. Leverage will be created through the use of cash borrowings or as otherwise permitted under applicable securities legislation.

Product Facts

Fund Details

Ticker
BNKL
Inception Date
July 05, 2023
Net Assets ?
$11,364,093
As at  April 11, 2024
Consolidated Prior Day Volume ?
5 784
ForApril 11, 2024
Average Daily Trading Volume Over a 12 Month Period ?
5,426
As at  April 11, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
0.35%
(Plus applicable sales tax)
Management Expense Ratio ?
N/A (New ETF)
Currency
CAD
Currency Hedging
N/A
LEI ?
5493000KC5QU3F20FO14
Most Recent Distributions Per Unit
0.095
Distribution Frequency
Monthly
Record Date
March 28, 2024
NAV / Unit
$21.6455
Price
$21.94
Premium Discount
$0.29
Premium Discount Percentage
1.34%
Outstanding Shares
525,009

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 (%)

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Calendar Year Performance (%)

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2024 03/27/2024 03/28/2024 04/05/2024 0.095 Monthly
2024 02/28/2024 02/29/2024 03/07/2024 0.095 Monthly
2024 01/30/2024 01/31/2024 02/07/2024 0.095 Monthly
2023 12/28/2023 12/29/2023 01/08/2024 0.095 Monthly
2023 11/29/2023 11/30/2023 12/07/2023 0.095 Monthly
2023 10/30/2023 10/31/2023 11/07/2023 0.095 Monthly
2023 09/28/2023 09/29/2023 10/06/2023 0.101 Monthly
2023 08/30/2023 08/31/2023 09/08/2023 0.101 Monthly
2023 07/28/2023 07/31/2023 08/08/2023 0.101 Monthly
Holdings

Top Holdings

As at April 11, 2024
Security Name Weight
Horizons Equal Weight Banks Index ETF 125.63%
CASH 0.16%

Horizons Enhanced Equal Weight Banks Index ETF (BNKL) may invest in one or more other investment funds, including investment funds managed by Horizons ETFs Management (Canada) Inc. (“HEMI”). In doing so, HEMI is required to ensure that no duplicate fees are payable by BNKL and passed on to the investor, where BNKL and the investment fund it holds provide the same service.

Click here for holdings of the Horizons Equal Weight Banks Index ETF (HBNK) Holdings