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  5. HBND: Hello 5i team, I currently have a balanced position in HBND in my TFSA for income (Using TFSA as an income source in general). [Hamilton U.S. Bond YIELD MAXIMIZER TM ETF]

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Q: Hello 5i team,
I currently have a balanced position in HBND in my TFSA for income (Using TFSA as an income source in general). Before HBND I used to have HYI as an asset class that used to track US high yield bonds, but was shut down last year. I have a few questions.

1)Is HBND an approximate substitute for HYI for this asset class?
2)Also HBND is not even a year old but do you have an idea of the NAV of the ETF?

HBND pays a decent amount monthly but I am not sure of the sustainability of the payout.


Thank You,
Andrew
Asked by Andrew on March 11, 2025
5i Research Answer:
HYI invested in N. American corporate bonds. HBND invests in US treasuries and writes covered...
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