Key stats
About GLOBAL X EQUAL WEIGHT CDN BKS INDEX CL 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 provides exposure to an equal-weighted index that 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 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 utilizes a covered call option strategy and engages in securities lending to generate additional returns. Additionally, the fund will maintain a leverage ratio of approximately 125% through cash borrowing.
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
Finance
Stocks99.98%
Finance99.98%
Bonds, Cash & Other0.02%
Cash0.02%
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
HBNK top holdings are Canadian Imperial Bank of Commerce and National Bank of Canada, occupying 17.73% and 17.06% of the portfolio correspondingly.
HBNK last dividends amounted to 0.09 CAD. The month before, the issuer paid 0.09 CAD in dividends, which shows a 0.57% increase.
HBNK assets under management is 975.14 M CAD. It's risen 10.42% over the last month.
HBNK fund flows account for 23.42 M 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, HBNK pays dividends to its holders with the dividend yield of 4.07%. The last dividend (May 7, 2025) amounted to 0.09 CAD. The dividends are paid monthly.
HBNK 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.
HBNK expense ratio is 0.00% meaning you'd have to pay 0.00% of your investment to help manage the fund.
HBNK 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.
HBNK invests in stocks.
HBNK price has risen by 10.05% over the last month, and its yearly performance shows a 20.06% increase. See more dynamics on HBNK price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 10.68% over the last month, showed a 3.95% increase in three-month performance and has increased by 23.37% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 10.68% over the last month, showed a 3.95% increase in three-month performance and has increased by 23.37% in a year.
HBNK trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.