Hamilton U.S. T-Bill
YIELD MAXIMIZER™
ETF
Coming Soon: A Higher Yielding Cash Alternative
HIGHLIGHTS
Initial NAV: $16 (USD) per unit
Initial distribution: $0.105 (USD) per unit*Initial distribution per unit. Distributions are subject to change.; monthly distributions
Exposure to U.S. treasuries (80% short-term T-Bills; 20% long-term)
Portfolio duration of ~3 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, 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
USD Unhedged fixed income stream from short-term U.S. T-Bills
Also available for purchase in CAD 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.
Attractive Monthly Income
What Makes HBIL Different?
- Overview
- Distributions
- Documents
█ Long-Term 20.0%
| name | weight |
| iShares 0-3 Month Treasury Bond ETF (SGOV) | 80.00% |
| iShares 20+ Year Treasury Bond ETF (TLT) | 20.00% |
Please note that the indicative holdings may change prior to the listing date.
| Ticker | HBIL.U (USD unhedged) |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 407873108 |
| Anticipated Inception Date | September 16, 2024 |
| Investment Style | Fixed Income, Covered Call |
| Distributions | Monthly |
| Currency Hedging | None |
| Management Fee | 0.35% |
| Risk Rating | Low |
| Auditor | KPMG LLP |
| Legal Entity Identifier | 254900C4Y33NVRR2SS95 |
| Ex-Dividend Date | Pay Date | Frequency | Amount |
|---|---|---|---|
| 2024-09-30 | 2024-10-08 | Monthly | $0.105 (estimated) |
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
ETF Facts
HBIL.U ETF Facts (2024-08-16) English Français
Prospectus
HBIL.U Prospectus (2024-08-16) English Français
Proxy Voting
Proxy Voting Report (2023-07 to 2024-06) Download