Not registered. Not advice. DecodeETF is an information service. We are not registered as an adviser, dealer, or investment fund manager with the Ontario Securities Commission or any Canadian provincial regulator. Nothing on this site is a recommendation, solicitation, or offer to buy or sell any security. Past performance is not indicative of future results, and all investing carries risk including the loss of principal. Speak with a registered financial professional before making investment decisions.
Global X
View fund on Global XAn enhanced Canadian equity fund with modest borrowed exposure (about 1.25x). Fee 0.35% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
1.25x leveraged exposure to Solactive Equal Weight Canada Banks Index. The fund uses a modest amount of borrowed money to increase its exposure, which amplified both gains and losses and added borrowing costs. It tracks the Solactive Equal Weight Canada Banks Index.
Top holding: The Toronto-Dominion Bank 17.6% (tilted) · Top sector: Financials 100.0% (single-sector) · Top region: Canada 100.0% (single-country)
Financials 100.0%
Canada 100.0%
Look-through via underlying funds.
The management fee was 0.35% a year, or about $35 for every $10,000 held. Daily-reset leverage adds borrowing and derivative costs that are reflected in the fund's returns rather than in this fee. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
Mostly eligible Canadian dividends
The full distribution tax character, plus what you keep after tax in a TFSA, RRSP, or non-registered account, is on the Real Yield report card.
See the full tax breakdown →For information only, not tax advice. Tax treatment depends on your account type and personal circumstances; consult a qualified tax professional.
How durable the fund is, and what moved its price.
| Assets | $13M· net assets |
| Listed | 2023· 3 years of history |
| Leverage / overlay | Modest leverage (borrowing) |
What moved the price
| Ticker | BNKL.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Equity |
| Structure | Leveraged |
| Theme | Global Financials |
| Geography | Canada |
| Index tracked | Solactive Equal Weight Canada Banks Index |
| Provider | Global X |
| Mgmt fee | 0.35% |
Compare BNKL.TO→Backtest it→Rate your portfolio→Real Yield report card→
Prices as of last close · tax character year 2025.
What Premium adds