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Global X Equal Weight Canadian Banks Index Corporate Class ETF

HEWB

Reasons to Consider HEWB

Broad Exposure to Canadian Banking

HEWB offers investors exposure to Canada’s six largest banks, commonly referred to as the “Big Six” including Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD), Bank of Nova Scotia (Scotiabank); Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC) and National Bank of Canada (National Bank).

Equal Weight Approach

By allocating an equal weight to each security, HEWB allows investors to diversify their exposure within the banking sector, mitigating concentration risk associated with individual bank performance.

Tax Efficiency

Part of the Global X Total Return Index family of ETFs, HEWB’s usage of a total return swap contract to replicate index performance typically increases tax efficiency. Further, HEWB is not expected to make taxable distributions, making it potentially advantageous for taxable accounts.

Investment Objective

HEWB seeks to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada Banks Index (Total Return), net of expenses. The Solactive Equal Weight Canada Banks Index (Total Return) is an equal weight index of equity securities of diversified Canadian banks.

NAV

$32.40

$0.1451

0.45%

Volume

3,300

Price

$32.58

$0.15

0.46%

Last Close

$32.43

Prices delayed by 15 minutes.

Last Trade: July 12, 2024
Equity
Sector
Canadian
Corporate Class
Equity Essentials

Risk Rating:

Medium

Product Details

Fund Details

Ticker

HEWB

CUSIP

37964Q108

Inception Date

January 22, 2019

Net Assets

$141,689,711 As at July 11, 2024

Consolidated Prior Day Volume

11,678

Average Daily Trading Volume Over a 12 Month Period

21,215

Exchange

Toronto Stock Exchange

Investment Manager

Global X Investments Canada Inc.

Eligibility

All Registered and Non-Registered Investment Accounts

Bloomberg Index Ticker

SOLCBEW

Management Fee

0.25% (Plus applicable sales tax)

Management Expense Ratio

0.28% As at December 31, 2023

Trading Expense Ratio

0.00% As at December 31, 2023

Counterparty Exposure

19.76% As at May 31, 2024

Currency

CAD

Currency Hedging

N/A

LEI

549300KW6DULSXUXF698

Price and NAV

As at July 11, 2024

NAV / Unit

$32.40

Closing Price

$32.38

Premium Discount

$-0.02

Premium Discount Percentage

-0.05%

Outstanding Shares

4,373,735

The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.

The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.

Annualized Performance (%)

dates

1 mo 3 mo 6 mo YTD 1 yr 3 yr 5 yr 10 yr SIR*
Global X Equal Weight Canadian Banks Index Corporate Class ETF -3.43 -4.82 0.65 0.65 8.80 3.22 8.88 - 8.62
Solactive Equal Weight Canada Banks Index -3.41 -4.75 0.78 0.78 9.11 3.51 9.22 - 8.99

*Fund performance since inception on January 22, 2019, as at June 30, 2024

Calendar Year Performance (%)

dates

2016 2017 2018 2019 2020 2021 2022 2023
Global X Equal Weight Canadian Banks Index Corporate Class ETF - - - - 4.09 39.61 -10.35 10.89
Solactive Equal Weight Canada Banks Index - - - - 4.43 40.06 -10.10 11.20

Top Holdings

As at June 30, 2024

Security Name

Weight

Royal Bank of Canada

18.71%

National Bank of Canada

17.16%

Canadian Imperial Bank of Commerce

16.73%

Bank of Nova Scotia

15.92%

Toronto-Dominion Bank

15.90%

Bank of Montreal

15.57%

Holdings are subject to change.

Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

Global X Investments Canada Inc. ("Global X") is a wholly owned subsidiary of Mirae Asset Global Investments Co., Ltd. ("Mirae Asset"), the Korea-based asset management entity of Mirae Asset Financial Group. Global X is a corporation existing under the laws of Canada and is the manager, investment manager and trustee of the Global X Funds.

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