The $2.87 billion BIL has 10 holdings and an option-adjusted duration of just 0.13 years. Duration measures a bond’s sensitivity to changes in interest rates. BIL has a 30-day SEC yield of 1.18% and a yield to maturity of 1.47%.
“Last week’s haul marks the largest inflow for this fund since August 2015, when China’s shock devaluation of the yuan fueled a simultaneous selloff in stocks as well as longer-dated Treasuries,” according to Bloomberg. Increased appetite for short-term U.S. debt comes at just the right time: ahead of record issuance of three- and six-month bills by the Treasury this week.
BIL charges 0.136% per year, or $13.60 on a $10,000 investment.
For more information on Fixed-Income ETFs, visit our Fixed-Income category.