Hilton BDC Corporate Bond ETF
$24.60+0.02 (+0.10%)
- Expense ratio
- 0.39%
- Fund size
- $84M
- 1Y return
- +2.1%
- Yield · Last 12 months
- 4.97%
- Volume · 30D
- 0M sh
- NAV per share
- $24.55
- 52W range
The ETF.net HBDC Grade
Score 72 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 97Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 33Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 85Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 50Category rank
Our read on HBDC
APrivate credit's lenders have to borrow too. HBDC owns the senior unsecured bonds that business development companies issue, a first-mover take on BDC debt instead of BDC stock, wrapped in a rules-based index.
The Fund seeks to track, before fees and expenses, the Solactive Hilton Capital BDC Corporate Bond TR Index.
Why people hold it
- At 0.39% it undercuts the typical alternatives fund (cohort median near 1.01%) and peers like QAI at 0.75% and FTLS at 0.95%.
- First fund built only around BDC bonds, and it sits above the equity: senior unsecured debt from issuers required by law to keep 150% asset coverage.hiltoncapitalmanagement.comhiltonetfs.com
- Plumbing is plain: a Solactive index rebalanced quarterly with credit and liquidity screens, and the fund seeks to pay monthly.hiltonetfs.com
Worth knowing
- Non-diversified by design. The BDC bond universe is small, so one issuer's credit trouble carries more weight here than in a broad corporate bond fund.hiltonetfs.com
- Thinly traded, so spreads can run wider than in mainstream bond ETFs.
- Launched in 2025, meaning the record is short and has not yet spanned a full credit cycle.
HBDC Holdings
- Bonds
- —
- 12%
- Ares Capital Corp 2.875% 06/15/2028
HBDC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HBDC |
|---|---|
| Year to date | +1.0% |
| 1 month | −0.5% |
| 3 months | +0.8% |
| 1 year | +2.1% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HBDC |
|---|---|---|
| 2026 YTD | +1.0% | |
| 2025 | +2.7% |
HBDC in the news
ETF.net Research hasn’t filed on HBDC yet — coverage lands here as it’s written.
HBDC Dividends
- 4.97%
- $1.22
- $0.10 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Aug 29, 2026 | $0.10 |
| Jul 30, 2026 | Jul 31, 2026 | $0.11 |
| Jun 29, 2026 | Jun 30, 2026 | $0.10 |
| May 28, 2026 | May 29, 2026 | $0.11 |
| Apr 29, 2026 | Apr 30, 2026 | $0.11 |
| Mar 30, 2026 | Mar 31, 2026 | $0.11 |
| Feb 26, 2026 | Feb 27, 2026 | $0.10 |
| Jan 29, 2026 | Jan 30, 2026 | $0.08 |
| Dec 30, 2025 | Dec 31, 2025 | $0.13 |
| Nov 26, 2025 | Nov 28, 2025 | $0.08 |
| Oct 30, 2025 | Oct 31, 2025 | $0.11 |
| Sep 29, 2025 | Sep 30, 2025 | $0.08 |
HBDC Risk
- 2.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.07
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −3.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HBDC Cost
- The middle half of Alternative Strategies funds
- Median 1.00%
1 of the 29 Alternative Strategies funds charge less.