Hamilton U.S. T-Bill YIELD MAXIMIZER™ ETF
A High Yield Cash Alternative
HIGHLIGHTS
Last Distribution of $0.095*Last distribution per unit. Distributions are subject to change. For a complete list of historical distributions, please see the Distributions tab below.; monthly distributions
Exposure to U.S. treasuries (80% short-term T-Bills; 20% long-term)
Portfolio duration of ~3.5 years
Active covered call strategy managed by options team with 40+ years of experience, led by Nick Piquard
A GOOD FIT FOR INVESTORS WHO WANT
A higher yielding alternative to cash, HISAs, GICs, money market funds and T-Bills with modest duration risk
Tax efficient distributions: covered call premiums are generally taxed as capital gains
Reduced volatility from options strategy
CDN$ Hedged fixed income stream from short-term U.S. T-Bills
Also available for purchase in US$ 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.
Performance
- TICKER HBIL
- NAV $15.28
- 1 DAY CHANGE +$0.03
-
LAST DISTRIBUTION *
Last distribution per unit. Distributions are subject to change. For a complete list of historical distributions, please see the Distributions tab below.
$0.095 - ASSETS $170.3M
Attractive Monthly Income
What Makes HBIL Different?
- Overview
- Distributions
- Documents
█ Short-Term 79.8%
| ticker | name | weight |
| SGOV | iShares 0-3 Month Treasury Bond ETF | 80.7% |
| TLT | iShares 20+ Year Treasury Bond ETF | 20.4% |
| Ticker | HBIL |
| Exchange | Toronto Stock Exchange (TSX) |
| CUSIP | 407873207 |
| Inception Date | September 13, 2024 |
| Investment Style | Fixed Income, Covered Call |
| Net Assets | $210.1M CAD* |
| Distributions | Monthly |
| Maturity | 5.4* |
| Duration | 3.4* |
| 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 |
|---|---|---|---|
| 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 Press Releases
Fact Sheet
HBIL Fact Sheet (2025-03-31) English Français
ETF Facts
HBIL ETF Facts (2024-08-16) English Français
Prospectus
HBIL Prospectus (2024-08-16) English Français
Financial Statements & MRFP
Annual Report (2024-12-31) English Français
Latest Portfolio Summary
Q3 2024 Portfolio Summary (2024-09-30) Download
Independent Review Committee
2024 Annual Report to Securityholders (2025-03-11) Download