Key stats
About HAMILTON ENHANCED CANADIAN BANK ETF
Expense ratio
2.09%
Home page
Inception date
Oct 14, 2020
The fund strives to achieve 1.25x the performance of its target index by adopting a strategic use of leverage, with a ceiling of 125% of its NAV. The fund utilizes borrowing and derivatives to effectively mirror the equity stakes in six prominent Canadian banks, balancing them equally within its investment portfolio. The criteria for selecting banks into the index focus on financial health, stipulating minimum requirements for market cap and daily trading volumes, prioritizing the banks' stability and the likelihood of strong returns. Additionally, the fund may invest in a range of securities or other investment funds to secure direct or indirect exposure to the index's constituents, keeping total leverage from borrowing cash, derivatives, and short selling under 25% of its NAV. The fund undergoes a semi-annual review to align with the index's results accurately.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.