HEWB
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 ?
$132,499,370
As at March 17, 2023
Consolidated Prior Day Volume ?
24,367
For March 17, 2023
Average Daily Trading Volume Over a 12 Month Period ?
29,351
As at March 17, 2023
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 ?
11.52%
As at February 28, 2023
LEI ?
549300KW6DULSXUXF698
Index Investment Metrics
As at February 28, 2023
Index 12-Month Trailing Yield ?
4.45
Current Index Yield ?
4.60
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 | -1.07 | 1.28 | 8.47 | 7.96 | -8.58 | 13.75 | -- | -- | 10.69 | Solactive Equal Weight Canada Banks Index | -1.04 | 1.35 | 8.63 | 8.01 | -8.32 | 14.10 | -- | -- | 11.08 |
**Fund performance since inception on January 22, 2019, as at February 28, 2023
Calendar Year Performance (%) *
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons Equal Weight Canada Banks Index ETF |
-- | -- | -- | -- | -- | 4.09 | 39.61 | -10.35 | Solactive Equal Weight Canada Banks Index | -- | -- | -- | -- | -- | 4.43 | 40.06 | -10.10 |
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.
Education
Regulatory and Legal
Financial Reports
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 ?
$132,499,370
As at March 17, 2023
Consolidated Prior Day Volume ?
24,367
For March 17, 2023
Average Daily Trading Volume Over a 12 Month Period ?
29,351
As at March 17, 2023
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 ?
11.52%
As at February 28, 2023
LEI ?
549300KW6DULSXUXF698
Index Investment Metrics
As at February 28, 2023
Index 12-Month Trailing Yield ?
4.45
Current Index Yield ?
4.6
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 | -1.07 | 1.28 | 8.47 | 7.96 | -8.58 | 13.75 | -- | -- | 10.69 | Solactive Equal Weight Canada Banks Index | -1.04 | 1.35 | 8.63 | 8.01 | -8.32 | 14.10 | -- | -- | 11.08 |
**Fund performance since inception on January 22, 2019, as at February 28, 2023
Calendar Year Performance (%)
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Horizons Equal Weight Canada Banks Index ETF | -- | -- | -- | -- | -- | 4.09 | 39.61 | -10.35 | Solactive Equal Weight Canada Banks Index | -- | -- | -- | -- | -- | 4.43 | 40.06 | -10.10 |
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
Documents
