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About US Treasury 3 Month Bill ETF
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Inception date
Aug 9, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
F/m Investments LLC
Distributor
Quasar Distributors LLC
TBIL is part of the first single-bond ETF suite. The targeted holding makes it very different from other ETFs holding 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 T-Bills, which are the most recently issued and most liquid. At the beginning of the month, the 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 T-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. The fund will experience a very high turnover. This may result in higher taxes, as compared to other ETFs, if the shares are held in a taxable account.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government100.00%
Cash0.00%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TBIL last dividends amounted to 0.18 USD. The month before, the issuer paid 0.17 USD in dividends, which shows a 1.27% increase.
TBIL assets under management is 5.83 B USD. It's risen 1.78% over the last month.
TBIL fund flows account for 2.23 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, TBIL pays dividends to its holders with the dividend yield of 4.57%. The last dividend (Jun 3, 2025) amounted to 0.18 USD. The dividends are paid monthly.
TBIL shares are issued by 1251 Capital Group, Inc. under the brand US Benchmark Series. The ETF was launched on Aug 9, 2022, and its management style is Passive.
TBIL expense ratio is 0.15% meaning you'd have to pay 0.15% of your investment to help manage the fund.
TBIL follows the Bloomberg US Treasury Bellwether 3 Month index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TBIL invests in bonds.
and its yearly performance shows a 0.06% increase. See more dynamics on TBIL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.37% over the last month, showed a 1.02% increase in three-month performance and has increased by 4.73% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.37% over the last month, showed a 1.02% increase in three-month performance and has increased by 4.73% in a year.
TBIL trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.