Hamilton U.S. Bond
Yield Maximizer ETF

  • Ticker HBND
  • Initial Target Yield 10%+

Canada's 1ˢᵗ Covered Call Bond ETF

Maximize Your Monthly Income with HBND

  •  
    Benefits of HBND
  •  
    Understanding Covered Calls
  •  
    Yield Maximizer ETFs Explained

HIGHLIGHTS

10%+ initial target yield*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 net asset value per unit on September 14, 2023; monthly distributions

Exposure to trusted U.S. treasuries

Unlike bonds, covered call premiums are generally taxed as capital gains

Covered call strategy actively managed by Nick Piquard, with over 25 years of experience specializing in options

Click here to view Nick discuss HBND on BNN Bloomberg

A GOOD FIT FOR INVESTORS WHO WANT

Higher monthly income combined with the strength and security of U.S. government bonds

Tax efficient distributions

CAD-Hedged exposure to long-term U.S. treasuries

Reduced volatility from options strategy

INVESTMENT OBJECTIVE

The investment objective of HBND is to deliver attractive monthly income, while providing exposure primarily to U.S. treasuries through a portfolio of bond exchange traded funds. To supplement distribution income earned on the exchange traded fund holdings, mitigate risk and reduce volatility, HBND will employ a covered call option writing program.

HBND does not use leverage.

Performance

  • TICKER HBND
  • NAV $15.72
  • 1 DAY CHANGE +$0.09
  • YIELD *

    Current annualized yield, as at September 14, 2023

    10%+
  • ASSETS $8.8M

Initial Target Yield1

 

1An estimate of the annualized yield an investor would receive if the distribution remained unchanged for the next 12 months, stated as a percentage of the net asset value per unit on September 14, 2023.

Canada’s 1ˢᵗ Covered Call Bond ETF2

 

2Based on the universe of ETFs that trade on the Toronto Stock Exchange, as of September 14, 2023.

  • Overview
  • Distributions
  • Documents

Treasury Term

As at September 14, 2023

  Long-Term 80.0%
  Medium-Term 10.0%
  Short-Term 10.0%

Holdings

As at September 14, 2023

tickernameweight
TLTiShares 20+ Year Treasury Bond ETF 50.0%
VGLTVanguard Long-Term Treasury ETF30.0%
VGITVanguard Intermediate-Term Treasury ETF10.0%
SCHOSchwab Short-Term U.S. Treasury ETF5.0%
BILSPDR Bloomberg 1-3 Month T-Bill ETF5.0%

Fund Details

 

All Hamilton ETFs are available for purchase on the Toronto Stock Exchange (TSX), and can be used in RRSP, RRIF, DPSP, RDSP, FHSA, RESP and TFSA portfolios. To set up a DRIP, please contact your individual brokerage.
TickerHBND
ExchangeToronto Stock Exchange (TSX)
CUSIP407917103
Inception DateSeptember 14, 2023
Investment StyleFixed Income, Covered Call
Assets$8.8M CAD*
Initial Target Yield10%+*
DistributionsMonthly
Maturity20.7*
Duration13.7*
Currency Hedging100% hedged
Management Fee0.45%
Risk RatingLow to Medium
AuditorKPMG LLP
Legal Entity Identifier254900GVE3JWA7DQOB42

Distributions

HBND distributions will be paid monthly in cash, or if the unitholder has enrolled in the dividend reinvestment plan (DRIP), reinvested in additional units of the ETF. To set up a DRIP, please contact your individual brokerage.
Ex-Dividend DatePaidFrequencyAmount
2023-10-30 (Estimated)2023-11-07 (Estimated)Monthly$0.135 (Estimated)

You can view public filings for the Hamilton U.S. Bond Yield Maximizer ETF on SEDAR+.

Press Releases

View the latest HBND Press Releases

Fact Sheet

HBND Fact Sheet (2023-09-15) English Français

ETF Facts

HBND ETF Facts (2023-09-08) English Français

Prospectus

HBND Prospectus (2023-09-08) English Français

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