BIL
(1-3 Month T-Bill Barclays Capital SPDR) is an exchange-traded fund
(ETF) managed by State Street Global Advisors. The ETF seeks to track
the performance of the Barclays 1-3 Month U.S. Treasury Bill Index,
which is a benchmark that tracks the performance of short-term U.S.
Treasury bills with maturities between 1 and 3 months.
As a
fixed income ETF, BIL invests primarily in short-term U.S. Treasury
bills, which are considered to be among the safest and most liquid
securities in the world. The ETF aims to provide investors with a
low-risk investment option that can provide a stable source of income
and preserve capital.
As of September 2021, the BIL ETF had
total net assets of around $14 billion and was invested in a
diversified portfolio of U.S. Treasury bills with maturities between 1
and 3 months. The fund's holdings are typically rolled over on a
regular basis, with new bills being purchased as old ones mature.
In terms of performance, BIL has delivered consistent returns over
the long term, with a relatively low level of volatility. The ETF's
focus on short-term U.S. Treasury bills means that it is relatively
insensitive to changes in interest rates, which can make it a suitable
option for investors who are seeking a low-risk, low-volatility
investment option.
Investors should keep in mind that like all
investments, BIL carries risks, including the risk that interest rates
may rise, which can result in a decline in the value of the ETF's
holdings. Additionally, the ETF charges a relatively low expense ratio
of 0.10%, which is lower than the average expense ratio for fixed
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