Key stats
About GLOBAL X ENHANCED EQUAL WEIGHT BANK CLASS A UNITS
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Inception date
Jul 5, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Global X Investments Canada, Inc.
The fund aims to provide, net of expenses, 125% exposure to the underlying index, which invests in stocks of Canadian banks. These banks must be primarily listed on the TSX and are classified by FactSet Industries as Major Banks or Regional Banks. To be eligible for inclusion, companies should meet instability and liquidity requirements. The underlying index equally weights its constituents and rebalances semi-annually in March and September. The fund may hold constituent securities of the underlying index or may opt to invest in ETFs. The fund may utilize leverage through the use of cash borrowings.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF124.78%
Cash0.12%
Miscellaneous−24.89%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BNKL last dividends amounted to 0.11 CAD. The month before, the issuer paid 0.11 CAD in dividends, which shows a 4.76% decrease.
BNKL assets under management is 14.69 M CAD. It's risen 18.19% over the last month.
BNKL fund flows account for −815.64 K CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, BNKL pays dividends to its holders with the dividend yield of 4.49%. The last dividend (May 7, 2025) amounted to 0.10 CAD. The dividends are paid monthly.
BNKL shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Jul 5, 2023, and its management style is Passive.
BNKL expense ratio is 3.06% meaning you'd have to pay 3.06% of your investment to help manage the fund.
BNKL follows the Solactive Equal Weight Canada Banks Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BNKL invests in funds.
BNKL price has risen by 13.55% over the last month, and its yearly performance shows a 23.80% increase. See more dynamics on BNKL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 13.34% over the last month, showed a 4.40% increase in three-month performance and has increased by 27.99% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 13.34% over the last month, showed a 4.40% increase in three-month performance and has increased by 27.99% in a year.
BNKL trades at a premium (0.21%) meaning the ETF is trading at a higher price than the calculated NAV.