Hilton BDC Corporate Bond ETF
$24.32−0.01 (−0.02%)
- 0.39%
- $93M
- +2.0%
- 5.15%
- 0M sh
- $24.35
- low $23.16high $27.56
The ETF.net HBDC Grade
A
Score 74 out of 100
- 4 of 30
Score 74 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A97 out of 100Rank 2 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 12 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 21 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A86 out of 100Rank 2 of 15Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C49 out of 100Rank 22 of 30
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
- 157
- 12%
- Cash & Other
HBDC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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HBDC$10,201
Returns run to the Oct 12, 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 | +0.4% |
| 1 month | −0.7% |
| 3 months | −0.4% |
| 1 year | +2.0% |
| 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 | +0.4% | |
| 2025 | +2.7% |
HBDC in the news
HBDC Dividends
- 5.15%
- $1.25
- $0.11 per share
- Monthly
Distribution history
HBDC Risk
- 2.6%
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.
- −0.47
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
0.39%
HBDC0.39%
- The middle half of Alternative Strategies funds
- Median 1.00%
1 of the 30 Alternative Strategies funds charge less.
Other funds in Alternative Strategies
- AQAINYLI Hedge Multi-Strategy Tracker ETFExpense ratio 0.75%1 year return +9.8%
- AQALTSEI DBi Multi-Strategy Alternative ETFExpense ratio 0.80%1 year return +12.4%
- AFLSPFranklin Systematic Style Premia ETFExpense ratio 0.65%1 year return +12.8%
- AFTLSFirst Trust Long/Short Equity ETFExpense ratio 0.95%1 year return +15.9%
- BIALTiShares Systematic Alternatives Active ETFExpense ratio 0.99%1 year return —