Finding a quality digital camera with strong video recording capabilities isn’t exactly as easy as one might think, especially if you’re looking for something loaded with the latest technology at a reasonable price.

Budget-minded videographers in the market for a 4K capable camcorder that’d also like to snap the occasional photograph may want to have a look at Canon’s latest, the XC10.

The first thing you’ll likely notice about the camera is its unique design capped off by the adjustable, swiveling handgrip. There’s also a 3-inch tilting touchscreen display to help with framing but if you prefer a viewfinder, Canon will also sell you an optional accessory that turns the display into an EVF.

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A digital camcorder first and foremost, the Canon XC10 can record 4K video (3,840 x 2,160 at 30 frames per second) and capture modest 12-megapixel stills using its 1-inch sensor (with a dynamic range of 12 stops) and mechanical shutter. It can also grab 1080p clips at 60 frames per second or 720p at 120 frames per second if high-resolution isn’t necessarily required for a particular project or job.

Perhaps the one glaring knock on the XC10 is the fact that it’s a fixed-lens system meaning you won’t be able to swap out lenses. What you do get is a 10x zoom lens that translates to a range of 27.3mm – 273mm for video and 24.1mm – 241mm for images with a maximum aperture of f/2.8-5.6.

The camera also lacks an XLR mic input although there are stereo mics built in and you can use the hot shoe up top to add an external mic.

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As you can see, this isn’t exactly a professional-grade 4K camcorder but it’s certainly no slouch, especially given its $2,500 price point. Expect to see it hit retail in June.