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% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of September 2026.
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