Hamilton U.S. T-Bill
YIELD MAXIMIZER™
ETF
Coming Soon: A Higher Yielding Cash Alternative
HIGHLIGHTS
Initial NAV: $16 per unit
Initial distribution: $0.105 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
CAD-Hedged fixed income stream from short-term U.S. T-Bills
Also available for purchase in USD-Unhedged (HBIL.U)
INVESTMENT OBJECTIVE
The investment objective of HBIL 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 will employ a covered call option writing program.
HBIL 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 |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 407873207 |
| Anticipated Launch Date | September 16, 2024 |
| Investment Style | Fixed Income, Covered Call |
| Distributions | Monthly |
| Currency Hedging | 100% hedged |
| 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 Press Releases
ETF Facts
HBIL ETF Facts (2024-08-16) English Français
Prospectus
HBIL Prospectus (2024-08-16) English Français
Proxy Voting
Proxy Voting Report (2023-07 to 2024-06) Download