Key stats
About SPDR Bloomberg 1-3 Month T-Bill ETF
Expense ratio
0.14%
Home page
Inception date
May 25, 2007
ISIN
US78468R6633
BIL`s take on ultra-short-term Treasurys is entirely valid even if it doesn`t conform to our view of the space. The fund invests in Treasury bills with three months or less to maturity, in contrast with our benchmark that covers Treasurys with 1-12 months remaining to maturity. As such, BIL takes on less interest rate risk and offers lower yields. Safety has a price: In a low-interest rate environment, costs for this cashlike vehicle may exceed the yield. Retail investors should carefully consider all options available in this space.
Classification
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government99.17%
Mutual fund0.83%