Hamilton U.S. T-Bill YIELD MAXIMIZER™ ETF
Maximize Income from U.S. Government Bonds
HIGHLIGHTS
Yield of 6.63%*An estimate of the annualized yield an investor would receive if the most recent distribution remained unchanged for the next 12 months, stated as a percentage of the price per unit on December 31, 2025. The yield calculation excludes any additional year end distributions and does not include reinvested distributions. with monthly distributions
Exposure to U.S. treasuries (80% short-term T-Bills; 20% long-term)
Portfolio duration of ~3.5 years
Flexible coverage ratio adjusted to achieve target yield and preserve upside
Active covered call strategy managed by options team with 50+ years of experience, led by Nick Piquard
A GOOD FIT FOR INVESTORS WHO WANT
A higher yielding short-term fixed income alternative with modest duration risk
Tax efficient distributions: covered call premiums are generally taxed as capital gains
Reduced volatility from options strategy
USD Unhedged fixed income stream from short-term U.S. T-Bills
Also available for purchase in CDN$ Hedged (HBIL)
INVESTMENT OBJECTIVE
The investment objective of HBIL.U is to deliver attractive monthly income, while providing exposure primarily, directly or indirectly, to shorter-term U.S. Treasury securities. To supplement income earned on the exchange traded fund holdings, mitigate risk and reduce volatility, HBIL.U will employ a covered call option writing program.
HBIL.U does not use leverage.
Performance
- TICKER HBIL.U
- NAV*USD $15.10
- 1 DAY CHANGE -$0.03
-
YIELD % *
Current annualized yield.
6.63 - ASSETS $39.4M
Total Returns (incl. Dividends)
- ticker 0.0%
- 1 month 0.0%
- 3 months 0.8%
- 6 months 2.3%
- ytd 4.7%
- 1 year 4.7%
- inception* 3.0%
- as of date 1200.0%
Hamilton YIELD MAXIMIZER™ ETFs
- Overview
- Distributions
- Documents
█ Short-Term 80.1%
| ticker | name | weight |
| SGOV | iShares 0-3 Month Treasury Bon | 79.6% |
| TLT | iShares 20+ Year Treasury Bond | 19.8% |
| Cash and Other Assets/Liabilities | 0.7% | |
| Written Call Options | -0.1% |
| Ticker | HBIL.U (USD unhedged) |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 407873108 |
| Inception Date | September 12, 2024 |
| Investment Style | Fixed Income, Covered Call |
| Net Assets | $273.9M CAD* |
| Current Annualized Yield | 6.63%* |
| Distributions | Monthly |
| Maturity | 5.2* |
| Duration | 3.2* |
| Currency Hedging | USD-unhedged |
| Management Fee | 0.35% |
| Risk Rating | Low |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 254900C4Y33NVRR2SS95 |
| Ex-Dividend Date | Pay Date | Frequency | Amount |
|---|---|---|---|
| 2025-12-31 | 2026-01-08 | Monthly | $0.0834 |
| 2025-11-28 | 2025-12-05 | Monthly | $0.0862 |
| 2025-10-31 | 2025-11-07 | Monthly | $0.0910 |
| 2025-09-29 | 2025-10-07 | Monthly | $0.0910 |
| 2025-08-29 | 2025-09-08 | Monthly | $0.0950 |
| 2025-07-31 | 2025-08-08 | Monthly | $0.0950 |
| 2025-06-30 | 2025-07-08 | Monthly | $0.0950 |
| 2025-05-30 | 2025-06-06 | Monthly | $0.0950 |
| 2025-04-30 | 2025-05-07 | Monthly | $0.0950 |
| 2025-03-31 | 2025-04-07 | Monthly | $0.0950 |
| 2025-02-28 | 2025-03-07 | Monthly | $0.0950 |
| 2025-01-31 | 2025-02-07 | Monthly | $0.0950 |
| 2024-12-31 | 2025-01-08 | Monthly | $0.0950 |
| 2024-11-29 | 2024-12-06 | Monthly | $0.0975 |
| 2024-10-31 | 2024-11-07 | Monthly | $0.1000 |
| 2024-09-27 | 2024-10-07 | Monthly | $0.1050 |
You can view public filings for the Hamilton U.S. T-Bill YIELD MAXIMIZER™ ETF on SEDAR+.
Press Releases
View the latest HBIL.U Press Releases
Fact Sheet
HBIL.U Fact Sheet (2025-12-31) English Français
ETF Facts
HBIL.U ETF Facts (2025-08-14) English Français
Prospectus
HBIL.U Prospectus (2025-08-14) English Français
Financial Statements & MRFP
Annual Report (2024-12-31) English Français
Interim Report (2025-06-30) English Français
Latest Portfolio Summary
Q3 2025 Portfolio Summary (2025-09-30) Download
Proxy Voting
Proxy Voting Report (2024-07 to 2025-06) Download
Independent Review Committee
2024 Annual Report to Securityholders (2025-03-11) Download