Description

The Global X Canadian High Dividend Index Corporate Class ETF (HXH) invests in approximately 40 Canadian-domiciled companies and real estate investment trusts (REITs) listed on the TSX, chosen for their projected high dividend yields. This strategy aims to offer investors substantial income potential. To mitigate company-specific and sector-related risks, HXH maintains a diversified portfolio by capping individual stock and industry group allocations. Its holdings are spread across key sectors such as energy, financial services, and other diversified industries. This exchange-traded fund is designed for investors seeking total return exposure to Canadian equities with robust dividend characteristics, who are comfortable with market volatility but do not require consistent income distributions. HXH's primary objective is to mirror, before fees, the performance of the Solactive Canadian High Dividend Yield Index (Total Return), an index specifically constructed to track Canadian equity securities recognized for their high dividend yields.