US Treasury 12 Month Bill ETF

Frequently Asked Questions About OBIL

What does OBIL invest in?

Under typical market environments, the fund's adviser endeavors to fulfill its investment goal by committing a minimum of 80% of the UST 12 Month Bill Fund's net assets (along with any capital borrowed for investment) to the specific securities that comprise its benchmark index. This underlying index is structured to consist of a single security, which is acquired at the start of each month and then held for the entirety of that month.

What is the expense ratio of OBIL?

US Treasury 12 Month Bill ETF (OBIL) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

What is OBIL's dividend yield?

OBIL's trailing-twelve-month yield is 3.60%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of OBIL?

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

What is the credit quality of OBIL?

OBIL'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 OBIL?

Yield to maturity (YTM) is the total return you'd earn from OBIL if every bond in the portfolio is held to maturity at the current price. OBIL'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.