Hamilton U.S. T-Bill
YIELD MAXIMIZER™
ETF
A High Yield Cash Alternative
HIGHLIGHTS
Last Distribution of $0.10*Last distribution per unit. Distributions are subject to change. For a complete list of historical distributions, please see the Distributions tab below.; monthly distributions
Exposure to U.S. treasuries (80% short-term T-Bills; 20% long-term)
Portfolio duration of ~3.5 years
Active covered call strategy managed by an experienced options team led by Nick Piquard, with 25+ years of experience specializing in options
A GOOD FIT FOR INVESTORS WHO WANT
A higher yielding alternative to cash, HISAs, GICs, money market funds and T-Bills with modest duration risk
Tax efficient distributions: covered call premiums are generally taxed as capital gains
Reduced volatility from options strategy
US$ 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 $15.70
- 1 DAY CHANGE -$0.07
-
LAST DISTRIBUTION *
Last distribution per unit. Distributions are subject to change. For a complete list of historical distributions, please see the Distributions tab below.
$0.10 - ASSETS $22.8M
Attractive Monthly Income
What Makes HBIL Different?
- Overview
- Distributions
- Documents
█ Short-Term 81.7%
| ticker | name | weight |
| SGOV | iShares 0-3 Month Treasury Bond ETF | 82.5% |
| TLT | iShares 20+ Year Treasury Bond ETF | 18.5% |
| Ticker | HBIL.U (USD unhedged) |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 407873108 |
| Inception Date | September 13, 2024 |
| Investment Style | Fixed Income, Covered Call |
| Net Assets | $76.3M CAD* |
| Distributions | Monthly |
| Maturity | 4.9* |
| Duration | 3.1* |
| Currency Hedging | None |
| Management Fee | 0.35% |
| Risk Rating | Low |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 254900C4Y33NVRR2SS95 |
| Ex-Dividend Date | Pay Date | Frequency | Amount |
|---|---|---|---|
| 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 (2024-10-31) English Français
ETF Facts
HBIL.U ETF Facts (2024-08-16) English Français
Prospectus
HBIL.U Prospectus (2024-08-16) English Français
Latest Portfolio Summary
Q3 2024 Portfolio Summary (2024-09-30) Download