HBDC

About HBDC

The Hilton BDC Corporate Bond ETF is a fixed income exchange-traded fund designed to provide targeted exposure to senior unsecured bonds issued by U.S.-registered Business Development Companies (BDCs). The ETF aims to track the performance of the Solactive Hilton Capital BDC Corporate Bond Total Return Index, which exclusively includes fixed-coupon bonds from BDCs listed in the annual SEC Business Development Company Report. These bonds offer above-average yields relative to Baa-rated corporates while generally maintaining investment-grade credit ratings. BDCs are required by U.S. regulation to uphold a minimum asset coverage of 150%, which helps to manage leverage and enhance bondholder protection. With a strong repayment track record spanning over 25 years of public “baby bond” issuance, BDCs present a history of stability and reliability for fixed income investors. The ETF applies strict eligibility criteria such as a minimum USD 250 million issue size and issuer caps to ensure liquidity and diversification, focusing on delivering institutional-quality access to the private credit market through a transparent, rules-based structure.