Question 1

What is CBNK?

Accepted Answer

CBNK (Mulvihill Canadian Bank Enhanced Y ETF) is a Canadian-listed ETF trading on the TSX. It tracks the Morningstar CAD O/N Cash GR CAD.

Question 2

What is the CBNK ETF price today?

Accepted Answer

CBNK last traded at $15.67 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the CBNK MER (management expense ratio)?

Accepted Answer

CBNK has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, CBNK is considered a low-cost ETF.

Question 4

What are CBNK annualised returns?

Accepted Answer

CBNK historical returns: YTD: +237.29%, 1-year: +59.20%, 3-year annualised: +46.97%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.77, which measures risk-adjusted return.

Question 5

Does CBNK pay dividends or distributions?

Accepted Answer

Yes, CBNK distributes income to unitholders. The current distribution yield is approximately 7.37%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does CBNK invest in?

Accepted Answer

CBNK's top holdings include Bank of Nova Scotia (BNS, 17.0%), Toronto Dominion Bank (TD, 15.4%), Canadian Imperial Bank Of Commerce (CM, 14.9%), Royal Bank of Canada (RY, 15.7%), Bank of Montreal (BMO, 15.1%) — and 2 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar CAD O/N Cash GR CAD.

Question 7

What sectors does CBNK invest in?

Accepted Answer

CBNK's largest sector exposures are Financial Services (100.0%), Energy (0.0%), Utilities (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is CBNK? (Assets under management)

Accepted Answer

CBNK has approximately $192M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was CBNK launched?

Accepted Answer

CBNK was launched on February 14, 2022, giving it a 4-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy CBNK in Canada?

Accepted Answer

CBNK trades on the TSX under the ticker CBNK. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is CBNK?

Accepted Answer

CBNK has a 1-year volatility of 22.96% and a beta of 0.00 (less volatile than the broad market). Its 3-year Sharpe ratio of 1.77 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-21	$15.41	$15.71	$15.41	$15.67	$15.67	5,304
2026-10-20	$15.24	$15.36	$15.20	$15.36	$15.36	5,442
2026-10-19	$15.34	$15.34	$15.24	$15.28	$15.28	8,656
2026-10-16	$15.44	$15.50	$15.36	$15.41	$15.41	15,707
2026-10-15	$15.23	$15.32	$14.95	$15.32	$15.32	26,412
2026-10-14	$15.23	$15.23	$15.07	$15.13	$15.13	5,825
2026-10-13	$14.99	$15.26	$14.99	$15.24	$15.24	8,923
2026-10-09	$14.79	$14.98	$14.79	$14.98	$14.98	8,300
2026-10-08	$14.75	$14.80	$14.70	$14.72	$14.72	10,582
2026-10-07	$15.24	$15.24	$14.80	$14.80	$14.80	49,107

#	Ticker	Name	Weight
1	BNS	Bank of Nova Scotia	16.95%
2	TD	Toronto Dominion Bank	15.43%
3	CM	Canadian Imperial Bank Of Commerce	14.92%
4	RY	Royal Bank of Canada	15.67%
5	BMO	Bank of Montreal	15.09%
6	NA	National Bank of Canada	15.03%
7	PIC-A	Premium Income Corporation	7.54%

Sector	Weight
Financial Services	100.00%
Energy	0.00%
Utilities	0.00%
Healthcare	0.00%
Technology	0.00%
Industrials	0.00%
Real Estate	0.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Consumer Defensive	0.00%
Communication Services	0.00%

Ticker	Name	Price	1D
ORBU		$10.85	+17.30%
MSTU		$37.66	+14.99%
HND	BetaPro Natural Gas 2x Daily Bear	$25.10	+10.62%
SPCP		$19.34	+10.58%
PLTU		$39.23	+9.52%
SXHI	Ninepoint SpaceX HighShares ETF	$7.10	+9.40%
SPXE	Harvest SpaceX Enhanced High Income Shares ETF	$10.46	+8.06%
COIU		$22.66	+8.01%

Mulvihill Canadian Bank Enhanced Y ETF (CBNK : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — CBNK