Description

HXH offers access to about 40 TSX-listed Canadian domiciled companies or REITs known for their anticipated high dividend yield, providing investors with the potential for significant income generation. By limiting the weight of individual stocks as well as industry groups and with holdings spanning across the energy, financial services, and diversified sectors, HXH ensures diversification within the portfolio, reducing stock- and sector-specific risks. This ETF is suitable for an investor looking for total return exposure to Canadian-listed equity securities characterized by high dividend yield, who can handle the ups and downs of the stock market, but is not looking for regular distributions. HXH seeks to replicate, to the extent possible, the performance of the Solactive Canadian High Dividend Yield Index (Total Return), net of expenses. The Solactive Canadian High Dividend Yield Index (Total Return) is designed to measure the performance of Canadian-listed equity securities characterized by high dividend yield.