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HBNK

Horizons Equal Weight Banks Index ETF

Price
$21.58
$-0.10
-0.46%
NAV
$21.6794
$-0.3283
-1.49%

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
$27.0845
$0.1252
0.46%

Active

Fixed Income

Fact Sheet
Learn more about SPAY

CASH

Horizons High Interest Savings ETF

Price
$50.07
$0.01
0.02%
NAV
$50.0609
$0.0066
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH
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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 October 31, 2023

Fund Details

Ticker
HBNK
Inception Date
July 05, 2023
Net Assets ?
$759,710,351
As at  April 10, 2024
Consolidated Prior Day Volume ?
131 281
For  April 10, 2024
Average Daily Trading Volume Over a 12 Month Period ?
127,301
As at  April 10, 2024
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
$0.08500
Distribution Frequency
Monthly
Record Date
March 28, 2024
NAV / Unit
$21.6794
Price
$21.84
Premium Discount
$0.16
Premium Discount Percentage
0.74%
Outstanding Shares
35,042,933

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 0.085 Monthly
2024 02/28/2024 02/29/2024 03/07/2024 0.085 Monthly
2024 01/30/2024 01/31/2024 02/07/2024 0.085 Monthly
2023 12/28/2023 12/29/2023 01/08/2024 0.085 Monthly
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

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 October 31, 2023

Product Facts

Fund Details

Ticker
HBNK
Inception Date
July 05, 2023
Net Assets ?
$759,710,351
As at  April 10, 2024
Consolidated Prior Day Volume ?
131 281
ForApril 10, 2024
Average Daily Trading Volume Over a 12 Month Period ?
127,301
As at  April 10, 2024
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
0.085
Distribution Frequency
Monthly
Record Date
March 28, 2024
NAV / Unit
$21.6794
Price
$21.84
Premium Discount
$0.16
Premium Discount Percentage
0.74%
Outstanding Shares
35,042,933

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 0.085 Monthly
2024 02/28/2024 02/29/2024 03/07/2024 0.085 Monthly
2024 01/30/2024 01/31/2024 02/07/2024 0.085 Monthly
2023 12/28/2023 12/29/2023 01/08/2024 0.085 Monthly
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

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%