(BIL) Bloomberg 1-3 Month T-Bill - NYSE
ETF Category: Ultrashort Bond | Exchange: NYSE (USA) | Market Cap: 46.843m USD | Total Return: 3.9% in 12m
Avg Turnover: 896M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) seeks to track the performance of the Bloomberg 1-3 Month U.S. Treasury Bill Index. The fund allocates at least 80% of its assets to U.S. Treasury obligations with remaining maturities between one and three months. This strategy focuses on high liquidity and minimal credit risk by holding debt backed by the full faith and credit of the U.S. government.
As an ultrashort bond ETF, BIL functions as a cash management tool, offering a yield profile closely tied to current federal funds rates. The underlying business model relies on the spread between short-term government interest rates and the funds expense ratio. Treasury bills are issued at a discount to par value and do not pay periodic interest, with returns generated by the appreciation toward face value at maturity. Investors can use ValueRay to further analyze how these short-term instruments fit into a broader portfolio strategy.
- Federal Reserve interest rate policy dictates underlying Treasury yield levels
- Short-term Treasury bill supply impacts net asset value stability
- Investor demand for cash equivalents shifts during periods of market volatility
- Expense ratio competitiveness influences net investor returns relative to peer funds
As of June 13, 2026, the stock is trading at USD 91.51 with a total of 18,192,103 shares traded.
Over the past week, the price has changed by +0.07%,
over one month by +0.32%,
over three months by +0.91% and
over the past year by +3.90%.
Bloomberg 1-3 Month T-Bill has no consensus analysts rating.