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% |
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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