HBNK
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 October 31, 2023
Fund Details
Ticker
HBNK
Inception Date
July 05, 2023
Net Assets ?
$444,632,486
As at December 01, 2023
Consolidated Prior Day Volume ?
121 726
For December 01, 2023
Average Daily Trading Volume Over a 12 Month Period ?
74,455
As at December 01, 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
Distribution Metrics
Most Recent Distributions Per Unit
$0.08500
Distribution Frequency
Monthly
Record Date
November 30, 2023
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 |
|---|---|---|---|---|---|---|
| 2023 | 11/29/2023 | 11/30/2023 | 12/07/2023 | 0.085 | — | Monthly |
| 2023 | 10/30/2023 | 10/31/2023 | 11/07/2023 | 0.085 | — | Monthly |
| 2023 | 09/28/2023 | 09/29/2023 | 10/06/2023 | 0.087 | — | Monthly |
| 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 |
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 October 31, 2023
Product Facts
Fund Details
Ticker
HBNK
Inception Date
July 05, 2023
Net Assets ?
$444,632,486
As at December 01, 2023
Consolidated Prior Day Volume ?
121 726
ForDecember 01, 2023
Average Daily Trading Volume Over a 12 Month Period ?
74,455
As at December 01, 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
Distribution Metrics
As at December 01, 2023
Most Recent Distributions Per Unit
0.085
Distribution Frequency
Monthly
Record Date
November 30, 2023
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 |
|---|---|---|---|---|---|---|
| 2023 | 11/29/2023 | 11/30/2023 | 12/07/2023 | 0.085 | Monthly | |
| 2023 | 10/30/2023 | 10/31/2023 | 11/07/2023 | 0.085 | Monthly | |
| 2023 | 09/28/2023 | 09/29/2023 | 10/06/2023 | 0.087 | Monthly | |
| 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
