ZBI ETF Analysis: Dividends, Returns TSX:ZBI — TradingView

Analysis

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The fund invests in securities issued by Canadian banks and are denominated in CAD. The index has three buckets of assets: bonds, limited recourse capital notes (LRCNs), and preferred shares. The bond bucket includes non-viability contingent capital(NVCC) bonds, the LRCN bucket includes institutional preferred shares, and the preferred shares bucket holds listed preferreds. Eligible issuers include Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce CIBC, Canadian Imperial Bank, Laurentian Bank of Canada, National Bank of Canada, Royal Bank of Canada, Toronto-Dominion Bank, Manulife Bank of Canada, HSBC Bank Canada, Concentra Bank, and Canadian Western Bank. During the monthly reconstitution and rebalance, no bucket can hold on its own more than 60% of the index.