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BIL seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays 1-3 Month U.S. Treasury Bill Index.
“Both GBIL and BIL are purely cash-parking plays given their ultra-short term maturities, Bajaj said. The two strategies hold U.S. Treasury bonds with maturities of a year or less, with those in BIL maturing from one to three months,” according to Bloomberg.
For more information on the fixed-income markets, visit our bond ETFs category.