Overview
One thing only: the current 3-month Treasury bill, rolled at every auction — the T-bill rate in a single ticker.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| UST | 3-Month T-Bill (on-the-run) | ~99% |
| CASH | Cash & equivalents | ~1% |
Fund Details
Investment Thesis
TBIL solved cash for the ETF era with radical simplicity: hold the on-the-run 3-month bill, roll it forever, pay out monthly. No ladder, no credit paper, no duration surprises — the fund IS the T-bill rate, currently tracking the 4.07% front end. Its $7B in two years says how many investors just wanted exactly that.
Who It's For
Anyone parking cash who wants the pure bill rate with zero decisions — the simplest safe yield in the market. Competes with SGOV/BIL on decimals; the single-bill purity is the differentiator.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | -- | -- |
| 2021 | -- | -- |
| 2022 | $49.21 | -- |
| 2023 | $49.60 | +0.8% |
| 2024 | $49.85 | +0.5% |
| 2025 | $50.00 | +0.3% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | -- |
| 2020 | -- |
| 2021 | -- |
| 2022 | 2.20% |
| 2023 | 5.00% |
| 2024 | 5.10% |
| 2025 | 4.30% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | -- | -- |
| 2021 | -- | -- |
| 2022 | $0.5B | -- |
| 2023 | $2.5B | +400.0% |
| 2024 | $4.5B | +80.0% |
| 2025 | $6B | +33.3% |
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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