Brookmont Catastrophic Bond ETF
Brookmont Catastrophic Bond ETF (AMEX: ILS) is an exchange-traded fund listed on NYSE Arca, trading at $20.06 (about ₹1,923 a unit) as of 25 Sep 2026, 4:00 PM ET. It has an expense ratio of 2.65%. Indian residents can buy ILS through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$20.04
Today's high
$20.09
52 week low
$19.64
52 week high
$20.53
ILS opened at $20.05, closed previously at $20.03, and has traded between $19.64 and $20.53 over the past 52 weeks.
About
ILS is the first US-listed exchange-traded fund (ETF) to focus on catastrophe bonds. It offers investors exposure to a unique asset class, often uncorrelated with traditional markets, through an actively managed and globally diversified portfolio of these bonds. Catastrophe bonds, frequently called Cat bonds, are financial instruments designed to shift the monetary burden of natural disasters from insurance companies to capital market investors. This arrangement provides insurers with crucial additional protection, while offering investors the potential for attractive high-yield returns. The fund exclusively invests in high-yield rated Cat bonds, whose payouts are linked to specific natural disaster "trigger events." These bonds can be issued by a variety of entities, including domestic and international insurers, reinsurers, governments, and special purpose vehicles (SPVs). The fund operates with broad investment flexibility, placing no restrictions on the maturity of its securities, the specific types of natural catastrophes it covers, the geographic regions involved, or the economic or physical loss thresholds for its investments. Investment selection is based on a comprehensive assessment of both qualitative and quantitative factors, such as the nature of the peril, geographical exposure, payout triggers, the issuing entity, and the anticipated risk-adjusted return.
Key statistics
Expense ratio
2.65%
Assets (AUM)
$110.4M
Holdings
—
NAV
$20.44
Avg. volume
—
1-year price change
+0.20%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
These 10 are 33.5% of the fund.
How to buy ILS from India
Indian residents can buy ILS units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search ILS and buy
Find the fund by its ticker, ILS, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in ILS from India
Trading and taxes when buying ILS from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the ILS price today?
Brookmont Catastrophic Bond ETF (ILS) last traded at $20.06 on NYSE Arca, as of 25 Sep 2026, 4:00 PM ET. That is ₹1,923 a unit at the 26 Sep 2026 USD/INR rate.
When does ILS trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is ILS, and what does it cost to hold?
Brookmont Catastrophic Bond ETF manages about $110.4M. Its expense ratio is 2.65% a year, deducted inside the fund. It launched in 2025.
What are ILS's largest holdings?
The top three are TREASURY BILL (12.9%), UNITED STATES TREASURY NOTE 09/28 4.625 (4.6%) and 3264 RE L VRN 02/09/32 (2.5%). ILS's 10 largest positions make up 33.5% of the fund.
Does ILS pay dividends?
Yes. ILS is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on ILS taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of ILS?
Yes. You can buy ILS by amount rather than by whole unit, and there is no minimum trade size.
How has ILS performed?
ILS' price is up 0.2% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.