Overview
Treasury bills and notes inside one year — Goldman's institutional cash-management sleeve in ETF form, around 39 holdings.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| UST | T-Bill Dec 2026 | 6.2% |
| UST | T-Bill Nov 2026 | 5.9% |
| UST | T-Bill Oct 2026 | 5.7% |
| UST | T-Bill Jan 2027 | 5.4% |
| UST | T-Bill Feb 2027 | 5.1% |
| UST | T-Bill Mar 2027 | 4.8% |
| UST | Treasury Note 4.25% 2027 | 4.4% |
| UST | T-Bill Apr 2027 | 4.2% |
| UST | Treasury Note 4.0% 2026 | 3.9% |
| UST | T-Bill May 2027 | 3.6% |
Fund Details
Investment Thesis
GBIL spreads the front year of the curve across bills and short notes rather than owning a single maturity — a slightly longer cash profile than TBIL that picks up extra yield when the curve's first twelve months slope upward. Goldman runs it as institutional treasury management for the masses; nine years on it does exactly what it says, monthly.
Who It's For
Cash managers who want the whole 0-1 year Treasury strip rather than one bill, in a fund built for corporate-treasury discipline. Interchangeable with SGOV/TBIL at the margins.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $83.95 | -- |
| 2017 | $84.20 | +0.3% |
| 2018 | $85.29 | +1.3% |
| 2019 | $87.00 | +2.0% |
| 2020 | $87.87 | +1.0% |
| 2021 | $87.78 | -0.1% |
| 2022 | $88.48 | +0.8% |
| 2023 | $92.29 | +4.3% |
| 2024 | $96.44 | +4.5% |
| 2025 | $100.30 | +4.0% |
| Year | Yield |
|---|---|
| 2016 | 0.50% |
| 2017 | 0.90% |
| 2018 | 1.90% |
| 2019 | 2.20% |
| 2020 | 0.60% |
| 2021 | 0.10% |
| 2022 | 1.80% |
| 2023 | 4.60% |
| 2024 | 4.80% |
| 2025 | 4.10% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.2B | -- |
| 2017 | $0.5B | +150.0% |
| 2018 | $1.5B | +200.0% |
| 2019 | $2B | +33.3% |
| 2020 | $2.5B | +25.0% |
| 2021 | $2B | -20.0% |
| 2022 | $4B | +100.0% |
| 2023 | $5.5B | +37.5% |
| 2024 | $6.5B | +18.2% |
| 2025 | $7B | +7.7% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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