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About Hilton BDC Corporate Bond ETF
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Inception date
Jun 10, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Hilton Capital Management LLC
Distributor
Foreside Fund Services LLC
HBDC is the first ETF focusing on debt issued by US registered business development companies (BDCs). A BDC is a unique vehicle designed to invest in small and medium-sized US businesses to encourage the flow of capital to private enterprises. Debt securities of such companies tend to yield above-average returns compared to Baa-rated corporate bonds, potentially providing more attractive income while generally maintaining investment-grade credit ratings. BDCs also have a track record of timely repayment, underscoring their stability and reliability. The underlying index focuses on fixed-coupon bonds issued by BDCs listed in the annual Business Development Company Report published by the SEC. Eligible bonds must meet minimum liquidity and size requirements. Securities are weighted in the portfolio based on market value. To avoid over-concentration, the index imposes a 10% cap per issuer and rebalances quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HBDC assets under management is 4.34 M USD. It's risen 594.25% over the last month.
HBDC fund flows account for 4.36 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, HBDC doesn't pay dividends to its holders.
HBDC shares are issued by Toroso Investments Topco LLC under the brand Hilton. The ETF was launched on Jun 10, 2025, and its management style is Passive.
HBDC expense ratio is 0.39% meaning you'd have to pay 0.39% of your investment to help manage the fund.
HBDC follows the Solactive Hilton Capital BDC Corporate Bond TR Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HBDC trades at a premium (0.27%) meaning the ETF is trading at a higher price than the calculated NAV.