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HEWB $20.58
Change $0.18 +0.88%
Volume 134
Last Close $20.40
Prices delayed by 15 minutes. Last trade: Feb 18, 2019 11:45 PM
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HEWB
January 22, 2019
27,734,106 (as at 2019-02-15)
134 (for 2019-02-15)
Toronto Stock Exchange
Horizons ETFs Management (Canada) Inc.
All Registered and Non-Registered Investment Accounts
Solactive Equal Weight Canada Banks Index
SOLCBEW
0.45% (plus applicable sales tax)
CAD
1.44% (as at 2019-01-31)
549300KW6DULSXUXF698
Found In
Benchmark
Total Return Index
The Horizons Equal Weight Canada Banks Index ETF (“HEWB”) seeks to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Banks Index (Total Return) (the “Index”), net of expenses. The Index is an equal-weight index of equity securities of diversified Canadian banks.
Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.
as at January 31, 2019
Nav/Unit: $20.53750
Price: $20.58
Premium Discount: $0.04
Premium Discount Percentage: 0.21%
Outstanding Shares: 1,350,411
as at February 15, 2019
• The TRI advantage: HEWB is part of Horizons ETFs’ Total Return Index (“TRI”) family of ETFs. HEWB uses a total return swap contract to replicate the performance of the Index. This structure typically reduces the cost1 and tracking error associated with replicating an index and increases tax efficiency • Tax-efficient access: HEWB is not expected to make taxable distributions • 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
1Compared to other Canadian physically replicated ETFs in the “Canadian Equity” Morningstar category. HEWB shares the eighth-lowest management fee among a total of 46 ETFs, as at January 16, 2019.
Horizons ETFs is a Member of Mirae Asset Global Investments. Commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Horizons ETFs Management (Canada) Inc. (the "Horizons Exchange Traded Products"). The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing. The Horizons Exchange Traded Products include our BetaPro Products which consist of our 2x Daily Bull and 2x Daily Bear ETFs ("2x Daily ETFs"), Inverse ETFs ("Inverse ETFs") and our VIX ETF (defined below). The 2x Daily ETFs and certain other BetaPro Products use leveraged investment techniques that can magnify gains and losses and may result in greater volatility of returns. These BetaPro Products are subject to leverage risk and may be subject to aggressive investment risk and price volatility risk, which, where applicable, are described in their respective prospectuses. Each 2x Daily ETF seeks a return, before fees and expenses, that is either 200% or -200% of the performance of a specified underlying index, commodity or benchmark (the "Target") for a single day. Each Inverse ETF seeks a return that is -100% of the performance of a Target. Due to the compounding of daily returns, a 2x Daily ETF's or Inverse ETF's returns over periods other than one day will likely differ in amount and, for the 2x Daily ETFs, possibly direction from the performance of their respective Target(s) for the same period. The BetaPro Product whose Target is the S&P 500 VIX Short-Term Futures Index™ (the "VIX ETF"), which is a (1x) VIX ETF, as described in the prospectus, is a speculative investment tool that is not a conventional investment. The VIX ETF’s Target is highly volatile. As a result, the VIX ETF is not generally viewed as stand-alone long-term investment. Historically, the VIX ETF’s Target has tended to revert to a historical mean. As a result, the performance of the VIX ETFs' Target is expected to be negative over the longer term and neither the VIX ETF nor its Target is expected to have positive long term performance. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies. *The indicated rates of return are the historical annual compounded total returns including changes in per unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The rates of return shown in the table are not intended to reflect future values of the ETF or returns on investment in the ETF. Only the returns for periods of one year or greater are annualized returns.