- Actively-managed portfolio of global financial services companies
- 2.7% outperformance vs. KBW Financial Sector Dividend Yield Index (CAD) since inception
- Dividend yield of 4.65% (quarterly distributions)
- Outperformance vs. Canadian Banks with lower drawdowns
- Consensus portfolio-weighted EPS growth of 16.3% (2018E); 12.5% (2019E)
- Global diversification with exposure to ~15 countries and 10 sub-sectors
- Managed by portfolio management team with over 60 years’ experience
- Scroll down for HFY Manager Commentary
- Attractive yield, with positive rate sensitivity
- Favourable valuations, positive growth trends in consensus EPS and dividends
- Diversification by position, geography and sub-sector
- Lower concentration risk/correlations
|Performance||1 Mo||3 Mo||6 Mo||YTD||1 Yr||SI1|
|Global Financials Yield ETF (HFY)||(0.1%)||(0.8%)||2.9%||2.7%||6.4%||7.9%|
1. Performance is annualized since inception on February 6, 2017, as at May 31, 2018.
2. KBW Nasdaq Financial Sector Dividend Yield Index (KDXTR) translated to CAD; S&P/TSX Diversified Banks Index (STDBNK, “Canadian Banks”).
HFY Manager Commentary
Notes from Texas: Lone Star Shines Brighter (June 21, 2018)
Notes from Spain: Improving Backdrop for the Banking Sector (May 28, 2018)
HFY: U.S. Banks: Wells Fargo and “Invisible” Bank Taxes (Feb 6, 2018)
HFY: Modestly Raising European Bank Exposure (Jan 24, 2018)
HFY: Notes from the Field: Everything’s Peachy in Atlanta (June 13, 2017)
HFY: Are REITs Set to Underperform the Financials? (Jan 16, 2017)
HFY Historical NAV
The chart of Historical NAV does not represent performance of HFY. The chart shows the daily movements of the NAV and has been adjusted to reflect historical distributions.
Top 10 Holdings3
|1||AB||AllianceBernstein Holding LP||Asset Mgmt||United States||3.1%|
|2||HDB||HDFC Bank Ltd||Banks||India||2.9%|
|3||ARCC||Ares Capital Corp||Other||United States||2.9%|
|4||DBS||DBS Group Holdings||Banks||Singapore||2.6%|
|5||PACW||PacWest Bancorp (CA)||Banks||United States||2.5%|
|6||ZURN||Zurich Insurance Group||Insurance||Switzerland||2.5%|
|7||UMPQ||Umpqua Holdings Corp (OR)||Banks||United States||2.5%|
|8||FNB||FNB Corp (PA)||Banks||United States||2.5%|
|10||CSGN||Credit Suisse Group||Banks||Switzerland||2.3%|
3. As at May 31, 2018, as a percent of net asset value.
|Ex-Dividend Date||Record Date||Payment Date||Payment Amount||Type||Distribution Frequency|
The estimated annualized yield is 4.45%.*
* Calculated using the June 18, 2018 net asset value per unit.
The investment objective of Hamilton Capital Global Financials Yield ETF (“HFY”) is to seek long-term returns from an actively managed portfolio consisting of regular dividend and distribution income with modest long-term capital growth by investing in global financial services companies, including but not limited to, commercial and investment banks, insurance companies, brokerages, asset managers, exchanges, real estate investment trusts and other investment companies. The ETF invests primarily in equity and equity related securities of financial companies located anywhere around the globe.
HFY will seek to achieve its investment objective through the selection of financial services companies located around the globe that, in the Portfolio Adviser’s view, have good long-term prospects of increasing dividends and distribution payments. To determine those companies that fit this criteria, the Portfolio Adviser will apply specialized analysis and expertise, reviewing a company’s individual attributes such as its own yield, valuation and growths prospects, as well as its macro environment, including, but not limited to, GDP growth, inflation and interest rate trends, fiscal and monetary policies, and regulatory trends.
At any time, it is anticipated that the ETF’s portfolio will be made up of between approximately 50 and 80 issuers. Such investments will be diversified by country and by sub-sector. HFY will primarily invest in equity securities listed on major global exchanges, including ADRs, and may also, from time to time, invest in preferred securities. The Portfolio Adviser may, at its discretion, hedge some or all of the ETF’s non-Canadian dollar currency exposure.
2018-03-20 Hamilton Capital Announces March 2018 Distributions (CNW)
2017-12-19 Hamilton Capital Announces December 2017 Distributions (CNW)
2017-09-20 Hamilton Capital Announces September 2017 Distributions (CNW)
2017-06-21 Hamilton Capital Announces HBG, HFY June 2017 Distributions (CNW)
2017-03-22 Hamilton Capital Announces HBG, HFY March 2017 Distributions (CNW)
2016-12-13 Howard J. Atkinson Joins Board of Hamilton Capital (CNW)
2016-01-14 Hamilton Capital products among a crowded field of ETF hopefuls (Globe and Mail)
To view the filings of the Hamilton Capital Global Financials Yield ETF (HFY) on SEDAR, please click here.
Quarterly Summary of Investment Portfolio
2018-03-31 2018Q1 Summary of Investment Portfolio
Independent Review Committee
2018-03-01 2017 Annual Report to Securityholders
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 firstname.lastname@example.org, 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.