HorizonsEnhEqlWghtCanadianBnksCovCallETF (BKCL.TO)
18.36
+0.03
(+0.16%)
CAD |
TSX |
May 03, 16:00
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 2.59% | 0.06% | 81.87M | 23786.03 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 13.54% | 20.34% | -- | Upgrade |
Basic Info
| Investment Strategy | |
| BKCL seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of an index of equal-weighted equity securities of diversified Canadian banks (currently, the Solactive Equal Weight Canada Banks Index); and (b) high monthly distributions of dividend and call option income. To generate income, BKCL will be exposed to a dynamic covered call option writing program. BKCL will also employ leverage (not to exceed the limits on use of leverage described under “Investment Strategies”) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Large Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | -- |
| Broad Category | Equity |
| Category Name | Financial Services Equity |
| Category Index | -- |
| Global Category Name | Financials Sector Equity |
| YCharts Categorization | Financials Equity |
| YCharts Benchmark | S&P 1500 Financials (Sector) Total Return (^SP15FINSTR) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Horizons ETFs Management (Canada) Inc |
| Prospectus Benchmark Index | |
| Solactive Equal Weight Can Banks TR CAD | 125.0% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Not Disclosed | 0.82 yrs |
Performance Versus Category
As of May 03, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of May 03, 2024.
Basic Info
| Investment Strategy | |
| BKCL seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of an index of equal-weighted equity securities of diversified Canadian banks (currently, the Solactive Equal Weight Canada Banks Index); and (b) high monthly distributions of dividend and call option income. To generate income, BKCL will be exposed to a dynamic covered call option writing program. BKCL will also employ leverage (not to exceed the limits on use of leverage described under “Investment Strategies”) through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | Large Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | -- |
| Broad Category | Equity |
| Category Name | Financial Services Equity |
| Category Index | -- |
| Global Category Name | Financials Sector Equity |
| YCharts Categorization | Financials Equity |
| YCharts Benchmark | S&P 1500 Financials (Sector) Total Return (^SP15FINSTR) |
| Prospectus Objective | -- |
| Fund Owner Firm Name | Horizons ETFs Management (Canada) Inc |
| Prospectus Benchmark Index | |
| Solactive Equal Weight Can Banks TR CAD | 125.0% |
| Broad Asset Class Benchmark Index | |
| ^SPTSX60TR | 100.0% |
| Manager Tenure | |
| Not Disclosed | 0.82 yrs |