# Vanguard 0-3 Month Treasury Bill ETF (VBIL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vbil for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Core Investment Grade Bond - Strategy: Passive Index · Inception: 2025-02-07 The Vanguard 0-3 Month Treasury Bill ETF (VBIL) aims to replicate the performance of a market-value-weighted Treasury index characterized by a very short dollar-weighted average maturity. This passively managed fund specifically targets the Bloomberg US Treasury Bills 0-3 Months Index. This benchmark consists of U.S. Treasury Bills that mature within three months, deliberately excluding inflation-protected bonds, floating rate securities, and certain other types of debt. Rather than holding every component, VBIL employs a sampling approach, investing in a selection of securities designed to... ## Key Facts | Metric | Value | |---|---| | Price | $75.70 | | Expense Ratio | 0.06% | | Assets Under Management | $12.80B | | NAV | $75.70 | | Holdings Count | 27 | | Distribution Yield (TTM) | 3.50% | | Annual Distribution (TTM) | $2.65 /share | | Distribution Frequency | Monthly | | 52-Week Range | $75.31 – $75.73 | | Beta | -0.01 | ## Latest Distribution - Amount: $0.2177 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-05 ## Frequently Asked Questions ### What does VBIL invest in? The Vanguard 0-3 Month Treasury Bill ETF (VBIL) aims to replicate the performance of a market-value-weighted Treasury index characterized by a very short dollar-weighted average maturity. This passively managed fund specifically targets the Bloomberg US Treasury Bills 0-3 Months Index. This benchmark consists of U.S. Treasury Bills that mature within three months, deliberately excluding inflation-protected bonds, floating rate securities, and certain other types of debt. Rather than holding every component, VBIL employs a sampling approach, investing in a selection of securities designed to mirror the comprehensive index's risk factors and overall profile. Ordinarily, the fund commits at least 80%—and typically all—of its assets to either the index's constituent securities or to other investments that the advisor deems economically equivalent. To ensure accurate index tracking, the fund may also utilize debt instruments not explicitly part of the index, cash, cash equivalents, or various money market instruments like repurchase agreements and money market funds (including those affiliated with the advisor). A primary objective is to maintain a dollar-weighted average maturity consistent with the index, which is typically less than three months under normal market conditions. ### What is the expense ratio of VBIL? Vanguard 0-3 Month Treasury Bill ETF (VBIL) charges an expense ratio of 0.06%. This is the annual fee deducted from fund assets to cover management and operations. ### What is VBIL's dividend yield? VBIL's trailing-twelve-month yield is 3.50%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of VBIL? Effective duration measures VBIL's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VBIL's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of VBIL? VBIL'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 VBIL? Yield to maturity (YTM) is the total return you'd earn from VBIL if every bond in the portfolio is held to maturity at the current price. VBIL'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. ### Does VBIL pay a dividend? Yes, Vanguard 0-3 Month Treasury Bill ETF (VBIL) distributes dividends to shareholders. The trailing-twelve-month yield is 3.50%. Full dividend history is on this page. ### How often does VBIL pay dividends? Vanguard 0-3 Month Treasury Bill ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is VBIL's next ex-dividend date? The most recently announced ex-dividend date for VBIL was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will VBIL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.06% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VBIL charge its expense ratio? The expense ratio is deducted in tiny daily slices from VBIL's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VBIL cost more than a fund like VOO? VBIL is a passive index fund (current expense ratio 0.06%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to VBIL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as VBIL (0.06%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vbil - Distribution history: https://www.dividenddata.com/funds/vbil/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vbil/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vbil/expenses - Peer comparison: https://www.dividenddata.com/funds/vbil/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.