The investment objective of HCAL is to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a 1.25 times multiple of the performance of an equal-weight Canadian bank index. HCAL will use leverage. The leverage may be created through the use of cash borrowings and shall not exceed the limits on the use of leverage described herein or as otherwise permitted under applicable securities legislation.
The HCAL ETF provides physical exposure, so by buying it you actually own parts of all the underlying holdings. We're working to retrieve all detailed holdings information.