Hamilton ETFs Launches Hamilton U.S. Bond Yield Maximizer ETF, Canada?s First Covered Call Bond ETF

BY Business Wire | CORPORATE | 09/14/23 05:00 PM EDT

TORONTO--(BUSINESS WIRE)-- Hamilton Capital Partners Inc. ("Hamilton ETFs") is pleased to announce the launch of the Hamilton U.S. Bond Yield Maximizer ETF ("HBND"). HBND seeks 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 its holdings, mitigate risk and reduce volatility, HBND will employ an actively managed covered call overlay.

HBND has closed the offering of its initial Class E units. Units of the ETF will begin trading on Friday, September 15, 2023 on the Toronto Stock Exchange (?TSX?) under the ticker symbol ?HBND?.

?We are thrilled to launch Canada?s first covered call bond ETF1, HBND. The latest addition to our popular yield maximizer ETF line-up2, HBND targets an initial yield of 10%3. Combining the strength and security of U.S. government bonds with the higher income potential and tax-efficiency of covered calls, HBND, we believe, is aptly designed for investors looking for higher yield from the fixed income segment of their portfolios,? said Pat Sommerville, Senior Partner and Head of Business Development at Hamilton ETFs.

For more information on HBND, and the rest of Hamilton ETFs? innovative suite of ETFs, please visit www.hamiltonetfs.com.

About Hamilton Capital Partners Inc. (Hamilton ETFs)

With over $2.8 billion in assets under management, Hamilton ETFs is one of Canada?s fastest growing ETF providers, offering a suite of innovative exchanged traded fund (ETFs) designed to maximize income and growth from trusted sectors in Canada and across the globe. The firm is also an active commentator on the global financial services sector and Canadian banks; and the firm?s most recent Insights can be found at www.hamiltonetfs.com/insights-commentary.

Commissions, management fees and expenses all may be associated with an investment in exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Hamilton ETFs undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.

1 Based on the universe of ETFs that trade on the Toronto Stock Exchange, as of September 14, 2023.
2 Other ETFs in Hamilton ETFs? yield maximizer line-up include HMAX, the Hamilton Canadian Financials Yield Maximizer ETF and UMAX, the Hamilton Utilities Yield Maximizer ETF both listed on the TSX.
3 An estimate of the annualized yield an investor would receive if the monthly distribution remained unchanged for the next 12 months, stated as a percentage of the net asset value per unit on September 14, 2023.

Source: Hamilton Capital Partners Inc.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.