BILS Profile
BILS
(SPDR Barclays 3-12 Month T-Bill ETF) is an exchange-traded fund (ETF)
managed by State Street Global Advisors. The ETF seeks to track the
performance of the Barclays 3-12 Month U.S. Treasury Bill Index, which
is a benchmark that tracks the performance of short-term U.S. Treasury
bills with maturities between 3 and 12 months.
As a fixed
income ETF, BILS 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 BILS ETF had total
net assets of around $1 billion and was invested in a diversified
portfolio of U.S. Treasury bills with maturities between 3 and 12
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, BILS 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, BILS 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 0.06%, which is lower than the average expense ratio for
fixed i
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