TBLL Profile
The US Treasury 3 Month Bill ETF (TBIL), issued by US Benchmark Series, is an exchange-traded fund designed to track the ICE BofA US Treasury Bill 3 Month index. Launched on August 9, 2022, TBIL focuses on providing investors with exposure to US Treasury obligations characterized by a maximum remaining maturity of 12 months or less. The fund's passive management approach entails investing at least 80% of its total assets in the most recently issued, on-the-run, 3-month US Treasury Bill, ensuring alignment with the benchmark index.
TBIL's investment strategy is tailored for investors seeking to closely follow the 3-month segment of the US Treasury yield curve. The ETF's portfolio consists exclusively of US Treasury Bills, which are widely recognized for their high credit quality and low default risk. This targeted exposure aims to provide a stable source of income and capital preservation, appealing to risk-averse investors and institutions managing liquidity requirements.
The ICE BofA US Treasury Bill 3 Month index, underlying TBIL, is meticulously designed to reflect the performance of short-term US Treasury securities, capturing movements in interest rates and investor sentiment towards risk-free assets. The index methodology ensures transparency and reliability in measuring the returns of 3-month Treasury Bills, facilitating precise tracking by TBIL to meet investor expectations of consistency and yield stability.
US Benchmark Series' management of TBIL underscores its commitment to offering straightforward investment solutions that meet the liquidity and safety needs of investors. As part of US Benchmark Series' suite of ETF offerings, TBIL exemplifies the firm's dedication to providing efficient access to short-term US Treasury securities through a cost-effective and transparent investment vehicle. The ETF's listing on major exchanges enhances liquidity and market access, enabling investors to efficiently manage cash positions and mitigate interest rate risks within their portfolios.
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