TBIL US Treasury 3 Month Bill ETF
What is TBIL?
TBIL is a passively managed, single-bond fund that invests in the most recently issued, “on-the-run,” 3-month US Treasury Bill. The fund is designed for those specifically required to track the 3-month tenor on the yield curve.
TBIL Factset Analytics Insight
TBIL is part of the first single-bond ETFs suite. The targeted holding makes this ETF very different from other ETFs holding a basket of 3-month Treasury Bills. This is a tool used in portfolio management. The fund tracks an index that holds just the “on-the-run” 3-month US Treasury Bill, which is the most recently issued and most liquid 3-month Treasury Bill. To qualify for selection, an issue must have settled on or before the rebalancing date. At the beginning of the month, the underlying index purchases a single issue which will be held for a full month. At each month-end rebalancing, the underlying issue is sold and rolled into a newly selected issue, given that there has been a new public sale or auction by the US Government for 3-month Treasury Bills. This roll transition occurs on one day, each month. The fund pays transaction costs when it buys and sells securities. These costs are not reflected in the annual fund operating expenses and should be expected. In addition, the fund will experience very high turnover. This may result in higher taxes, as compared to other ETFs, if the shares are held in a taxable account.
TBIL Summary Data
TBIL Portfolio Data
TBIL Index Data
TBIL Portfolio Management
TBIL Tax Exposures
TBIL Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TBIL. TBIL is rated a N/A out of 5.
TBIL Sector/Industry Breakdown
TBIL Top 10 Holdings
TBIL Performance Statistics
TBIL Top 5 Countries
TBIL Top 5 Currencies
TBIL Avg Life Maturity Distribution
TBIL OAS Breakdown
TBIL Holdings Statistics
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.