Hamilton Capital Global Bank ETF (HBG/HBG.U)

  • Actively-managed portfolio of global banks in ~15 countries
  • 20.3% outperformance vs. Global Banks Index (CAD) with lower drawdowns since inception
  • Annualized return of ~17% (since inception)
  • Consensus portfolio-weighted EPS growth of 19.2% (2018E); 17.5% (2019E)
  • Dividend yield of 1.42% (quarterly distributions)
  • Only 10 down months vs. 12 for Cdn banks, 13 for U.S. banks
  • Managed by portfolio management team with over 60 years’ experience
  • Scroll down for HBG Manager Commentary
Targeted Attributes
  • Similar portfolio beta to the North American banks
  • Favourable valuation and positive growth trends in consensus EPS growth and dividends
  • Lower concentrations/correlations
  • Diversified by position and geography
Performance 1 Mo 3 Mo 6 Mo YTD 1 Yr SI1
Hamilton Capital Global Bank ETF 1.7% 0.4% (0.8%) 3.9% 8.6% 17.0%

1. Performance is annualized since inception on January 22, 2016, as at July 31, 2018.
2. KBW Global Banks Index (GBKXN) translated to CAD.

HBG Manager Commentary

HBG: Up ~4% YTD Despite Sea of Red Globally; U.S. Bank Portfolio Outgrows U.S. Bank Peers for the 9th Consecutive Quarter (July 31, 2018)

Notes from Texas: Lone Star Shines Brighter (June 21, 2018)

HBG: U.S. Banks: Will Mid-Cap Bank M&A Accelerate Post-Dodd-Frank Rollback (3 Deals in 3 Weeks)? (May 28, 2018)

Notes from Spain: Improving Backdrop for the Banking Sector (May 28, 2018)

HBG‘s U.S. Bank Portfolio Posts 39% EPS Growth Y/Y; Outgrowing U.S. Bank Peers for the 8th Consecutive Quarter (May 15, 2018)

HBG: U.S./Canadian Banks: Using CWB to Highlight Benefits of U.S. Mid-Cap Exposure (Mar 6, 2018)

+ More commentary
HBG Historical NAV

The chart of Historical NAV does not represent performance of HBG. The chart shows the daily movements of the NAV and has been adjusted to reflect historical distributions.

Geographic Exposures3

Top 10 Holdings3
# Ticker Name Country Weight
1 HDB HDFC Bank Ltd India 3.0%
2 SIVB SVB Financial Group (CA) United States 2.9%
3 CABK CaixaBank Spain 2.8%
4 IBKC Iberiabank Corp (LA) United States 2.7%
5 FNB F.N.B. Corporation (PA) United States 2.7%
6 CSGN Credit Suisse Group Switzerland 2.7%
7 STL Sterling Bancorp (NY) United States 2.7%
8 BSMX Banco Santander Mexico Mexico 2.6%
9 WAL Western Alliance Bancorp (AZ) United States 2.5%
10 IBN ICICI Bank Ltd India 2.4%

3. As at July 31, 2018, as a percent of net asset value.

Disclaimer: A prospectus containing important information relating to these securities has been filed with the securities commissions or similar authorities in certain jurisdictions of Canada. Copies of the prospectus may be obtained from etf@hamilton-capital.com, www.hamilton-capital.com or on the SEDAR website (www.sedar.com).

Commissions, trailing commissions, management fees and expenses all may be associated with an investment in exchange traded products managed by Hamilton Capital Partners Inc. (the “Hamilton Products”). The Hamilton Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Hamilton Products. Please read the prospectus before investing.

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Products offered by Hamilton Capital Partners Inc. have a minimum subscription amount of $150,000, unless you meet the definition of an "accredited investor" under National Instrument 45-106 Prospectus and Registration Exemptions.

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The Subscriber must be (and will be at the time the Subscription is executed) an accredited investor under National Instrument 45-106 Prospectus and Registration Exemptions ("NI 45-106")

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