State Street SPDR Bloomberg 3-12 Month T-Bill ETF

Frequently Asked Questions About BILS

What does BILS invest in?

This State Street SPDR ETF aims to mirror the investment performance, encompassing both price changes and yield, of the Bloomberg 3-12 Month U.S. Treasury Bill Index, before accounting for fees and expenses. The fund primarily invests in publicly issued U.S. Treasury Bills that have between three and twelve months remaining until their maturity date. By concentrating on short-duration fixed income, this offering is typically less sensitive to fluctuations in interest rates when compared to securities with longer durations. The portfolio undergoes rebalancing on the final business day of each month.

What is the expense ratio of BILS?

State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) charges an expense ratio of 0.14%. This is the annual fee deducted from fund assets to cover management and operations.

What is BILS's dividend yield?

BILS's trailing-twelve-month yield is 3.67%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BILS?

Effective duration measures BILS's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BILS's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BILS?

BILS's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of BILS?

Yield to maturity (YTM) is the total return you'd earn from BILS if every bond in the portfolio is held to maturity at the current price. BILS's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.