Hamilton U.S. Bond YIELD MAXIMIZER (TM) ETF Trust Unit E (TSX: HBND)

Canada flag Canada · Delayed Price · Currency is CAD
15.24
+0.06 (0.40%)
Jun 14, 2024, 3:08 PM EDT
-4.81%
Assets 110.72M
Expense Ratio n/a
PE Ratio n/a
Dividend (ttm) 1.04
Dividend Yield 6.85%
Ex-Dividend Date May 31, 2024
Payout Frequency Monthly
Payout Ratio n/a
1-Year Return n/a
Volume 5,734
Open 15.20
Previous Close 15.18
Day's Range n/a
52-Week Low 14.53
52-Week High 16.58
Beta 1.08
Holdings 9
Inception Date Sep 14, 2023

About HBND

The fund-of-funds is the first Canadian bond ETF to employ a covered call option writing strategy while investing in US Treasurys of various maturities. The portfolio adviser reviews and invests in US Treasury bond ETFs by considering AUM, liquidity, availability and liquidity of options, distribution yield, and management expense ratio. To mitigate downside risk and generate income, the fund actively manages a covered call strategy that is expected to write at or slightly out-of-the-money call options on up to 100% of the funds portfolio value. The strategy aims to generate attractive option premiums that increase cash flow for distribution and reinvestment, downside protection, and lower overall volatility of returns. The adviser reviews the portfolio on an ongoing basis and has full discretion to make buy, sell, and hold decisions at any time, including increasing or decreasing the percentage of options written. The fund will hedge 100% of its non-Canadian dollar currency exposure.

Asset Class Fixed Income
Category Investment Grade
Stock Exchange Toronto Stock Exchange
Ticker Symbol HBND
Provider Hamilton

Dividend History

Ex-Dividend Amount Pay Date
May 31, 2024 0.130 CAD Jun 7, 2024
Apr 29, 2024 0.130 CAD May 7, 2024
Mar 27, 2024 0.130 CAD Apr 5, 2024
Feb 28, 2024 0.130 CAD Mar 7, 2024
Jan 30, 2024 0.131 CAD Feb 9, 2024
Dec 28, 2023 0.1315 CAD Jan 8, 2024
Full Dividend History