GBIL provides exposure to a basket of Treasury securities --- bills, notes, and floating rate notes with less than one year remaining in maturity. Investors looking for yield might want to go somewhere else, the ultra-short term Treasury space generally does not provide much yield. The central thesis of GBIL is liquidity. The extraordinary liquidity in the US Treasury market will benefit the funds primary liquidity. GBILs portfolio makes it a viable cash management tool with the safety guaranteed by the full faith and credit of the US government. Note: GBIL is not a money market fund and does not attempt to maintain a stable net asset value.