Generic filters
Search in excerpt

An ETF for every investor.

CASH

Horizons High Interest Savings ETF

Price
$50.15
$0.01
0.01%
NAV
$50.1444
$0.0072
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH

QQCC

Horizons NASDAQ-100 Covered Call ETF

Price
$10.63
$-0.09
-0.84%
NAV
$10.6298
$-0.0955
-0.89%

Active

Covered Call

Fact Sheet
Learn more about QQCC

HRAA

Horizons ReSolve Adaptive Asset Allocation ETF

Price
$11.72
$0.11
0.95%
NAV
$11.6391
$-0.1042
-0.89%

Active

Corporate Class – Alternative

Fact Sheet
Learn more about HRAA
Explore All Products
Generic filters
Search in excerpt
Back to All Products

HBNK

Horizons Equal Weight Banks Index ETF

Consistent Dividend Growth

The annualized growth rate of dividends for the big six Canadian banks was 9.58% for the 25-year period from January 31, 1998 to January 31, 2023 (Source: Bloomberg, as at January 31, 2023)

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 and have outperformed the broader S&P/TSX Composite Index for the 10-year period from May 31, 2013 to May 31, 2023 (Source: Bloomberg, as at May 31, 2023)

Canada's Lowest-Cost Big 6 Bank ETF1

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

1Source: Based on all publicly available information as at August 31, 2023

Fund Details

Ticker
HBNK
Inception Date
July 05, 2023
Net Assets ?
$102,120,806
As at  September 20, 2023
Consolidated Prior Day Volume ?
26 552
For  September 20, 2023
Average Daily Trading Volume Over a 12 Month Period ?
74,338
As at  September 20, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
Annual management fee rebated by 9 bps (0.09%) to an effective management fee of 0.00bps, or 0.00% until July 31, 2024
(Plus applicable sales tax)
Management Expense Ratio ?
0.00% until July 31, 2024
(The effective management expense ratio of HBNK is expected to be 0.00% for the duration of the HBNK Rebate period)
Currency
CAD
Currency Hedging
N/A
LEI ?
5493000KCGREB7NEAH27
Most Recent Distributions Per Unit
$0.08700
Annualized Distribution Yield ?
5.34 %

As at  September 20, 2023

Distribution Frequency
Monthly
Record Date
August 31, 2023
NAV / Unit
$19.5442
Price
$19.55
Premium Discount
$0.01
Premium Discount Percentage
0.03%
Outstanding Shares
5,225,110

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 (%) *

Calendar year performance data is not currently available.

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2023 08/30/2023 08/31/2023 09/08/2023 0.087 Monthly
2023 07/28/2023 07/31/2023 08/08/2023 0.087 Monthly

Top Holdings

As at July 05, 2023
Security Name Weight
TORONTO-DOMINION BANK 16.89%
ROYAL BANK OF CANADA 16.23%
NATIONAL BANK OF CANADA 16.69%
CAN IMPERIAL BK OF COMMERCE 16.63%
BANK OF NOVA SCOTIA 16.76%
BANK OF MONTREAL 16.78%
At a Glance

Key Features

Consistent Dividend Growth

The annualized growth rate of dividends for the big six Canadian banks was 9.58% for the 25-year period from January 31, 1998 to January 31, 2023 (Source: Bloomberg, as at January 31, 2023)

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 and have outperformed the broader S&P/TSX Composite Index for the 10-year period from May 31, 2013 to May 31, 2023 (Source: Bloomberg, as at May 31, 2023)

Canada's Lowest-Cost Big 6 Bank ETF1

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

1Source: Based on all publicly available information as at August 31, 2023

Product Facts

Fund Details

Ticker
HBNK
Inception Date
July 05, 2023
Net Assets ?
$102,120,806
As at  September 20, 2023
Consolidated Prior Day Volume ?
26 552
ForSeptember 20, 2023
Average Daily Trading Volume Over a 12 Month Period ?
74,338
As at  September 20, 2023
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Management Fee
Annual management fee rebated by 9 bps (0.09%) to an effective management fee of 0.00bps, or 0.00% until July 31, 2024
(Plus applicable sales tax)
Management Expense Ratio ?
0.00% until July 31, 2024
 (The effective management expense ratio of HBNK is expected to be 0.00% for the duration of the HBNK Rebate period)
Currency
CAD
Currency Hedging
N/A
LEI ?
5493000KCGREB7NEAH27
Most Recent Distributions Per Unit
0.087
Annualized Distribution Yield ?
5.34 %

As at  September 20, 2023

Distribution Frequency
Monthly
Record Date
August 31, 2023
NAV / Unit
$19.5442
Price
$19.55
Premium Discount
$0.01
Premium Discount Percentage
0.03%
Outstanding Shares
5,225,110

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 (%)

Calendar year performance data is not currently available.

Distributions

Year Ex-Dividend Date Record Date Payment Date Payment Amount Reinvested Non-Cash Distributions Distribution Period
2023 08/30/2023 08/31/2023 09/08/2023 0.087 Monthly
2023 07/28/2023 07/31/2023 08/08/2023 0.087 Monthly
Holdings

Top Holdings

As at July 05, 2023
Security Name Weight
TORONTO-DOMINION BANK 16.89%
ROYAL BANK OF CANADA 16.23%
NATIONAL BANK OF CANADA 16.69%
CAN IMPERIAL BK OF COMMERCE 16.63%
BANK OF NOVA SCOTIA 16.76%
BANK OF MONTREAL 16.78%

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!