The US Treasury 6 Month Bill ETF
US Treasuries made ETF Easy
The investment objective of the US Treasury 6 Month Bill ETF (the “UST 6 Month Bill Fund”) is to seek investment results that correspond (before fees and expenses) generally to the price and yield performance of the ICE BofA US 6-Month Treasury Bill Index (G0O2).
Yield of the 6 month US Treasury Bill
XBIL Potential benefits:
XBIL aims to provide exposure to the current US 6 Month US Treasury Bill, with the ease and efficiency of an ETF.
XBIL aims to make at least monthly dividend payments, more frequent than those of the underlying security.
Minimize transaction costs and the operational burden required to continually roll to the new US Treasury Security as it is issued - and enjoy the potential tax efficiencies of an ETF.
General Profile
Tickerxbil
ExchangeNASDAQ
Expense Ratio0.15%
Inception Date3/7/2023
# of Holdings5
CUSIP74933W460
Market Data
Net Assets526.50M
Shares Outstanding10,510,000
NAV$50.10
Closing Price$50.10
30 Day Sec Yield4.83%*
Premium / Discount0.01%
Median 30-day Spread0.02%
* Yield as of 01-23-2024
xbil Market Price Performance
Fund Documents
- Fact Sheet
- Prospectus
- SAI
- Investment Case
- Distribution Schedule
- XBIL 19a-1 Notice
- Premium Discount
- Annual Report
- Semi-Annual Report
- Q3 Holdings
Quarter-end
Month-end
Quarter-end
Month-end
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Market price is the price at which shares in the ETF can be bought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.
Top Holdings
| Name | Symbol | Par Value | Market Value | Weightings (%) |
|---|---|---|---|---|
| UNITED STATES TREAS BILLS 07/05/2024 | 912796Y52 | 3,804,000.00 | $3,717,092.26 | 0.35% |
| UNITED STATES TREAS BILLS 07/11/2024 | 912797GB7 | 5,632,000.00 | $5,498,835.02 | 0.52% |
| UNITED STATES TREAS BILLS 06/27/2024 | 912796Y45 | 528,817,000.00 | $517,314,066.85 | 49.13% |
| UNITED STATES TREAS BILLS 07/25/2024 | 912797JT5 | 540,000,000.00 | $526,309,050.60 | 49.98% |
| Cash & Other | Cash&Other | 526,483,662.96 | $526,483,662.96 | 50.00% |
Holdings are subject to change without notice.
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Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 1-800-617-0004 or visit our website at www.ustreasuryetf.com/etf/xbil. Read the prospectus or summary prospectus carefully before investing. As with all ETFs, Shares may be bought and sold in the secondary market at market prices. Interest rate risk is the risk of losses attributable to changes in interest rates. In general, if prevailing interest rates rise, the values of debt instruments tend to fall, and if interest rates fall, the values of debt instruments tend to rise. Fund Risks: The UST 6 Month Bill Fund may be susceptible to an increased risk of loss, including losses due to adverse events that affect the UST 6 Month Bill Fund’s investments more than the market as a whole, to the extent that the UST 6 Month Bill Fund’s investments are concentrated in a particular issue, issuer or issuers, country, market segment, or asset class. While U.S. Treasury obligations are backed by the “full faith and credit” of the U.S. Government, such securities are nonetheless subject to credit risk (i.e., the risk that the U.S. Government may be, or be perceived to be, unable or unwilling to honor its financial obligations, such as making payments). ICE BofA US 6-Month Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month that issue is sold and rolled into a newly selected issue. The issue selected at each month-end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, twelve months from the rebalancing date. To qualify for selection, an issue must have settled on or before the month-end rebalancing date. Average Yield to Maturity is the discount rate that equates the present value of a bond’s cash flows with its market price (including accrued interest). The Fund Average Yield to Maturity is the weighted average of the fund’s individual bond holding yields based on Net Asset Value (‘NAV’). The measure does not include fees and expenses. For callable bonds, this yield is the yield-to-worst. Effective Duration measures the sensitivity of the price of a bond with or without embedded options to changes in interest rates, taking into account the likelihood of the bond being called, put and/or sunk prior to its final maturity date while incorporating after-tax impacts on the bond. Premium/Discount is the amount the fund’s closing price is trading above or below the reported NAV, expressed as a percentage of the NAV. When the fund’s closing price is greater than the fund’s NAV, it is said to be trading at a “premium” and the percentage is expressed as a positive number. When the fund’s closing price is less than the fund’s NAV, it is said to be trading at a “discount” and the percentage is expressed as a negative number. Median 30 day spread is calculated by identifying the national best bid and national best offer (“NBBO”) for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth. Weighted average maturity is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date. Duration is a measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates. SEC Yieldis a standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. This yield reflects the interest earned after deducting the fund’s expenses for the 30-day period as of the previous quarter end by the average investor in the fund. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days. Investments involve risk. Principal loss is possible. Distributed by Quasar Distributors, LLC
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Regarding the concepts mentioned in the article you provided, let's break them down:
US Treasury 6 Month Bill ETF (UST 6 Month Bill Fund)
The US Treasury 6 Month Bill ETF, also known as the UST 6 Month Bill Fund, is an exchange-traded fund (ETF) that aims to provide investment results corresponding to the price and yield performance of the ICE BofA US 6-Month Treasury Bill Index (G0O2). The fund seeks to offer exposure to the current US 6 Month Treasury Bill with the ease and efficiency of an ETF. It aims to make at least monthly dividend payments, which are more frequent than those of the underlying security. The UST 6 Month Bill Fund aims to minimize transaction costs and the operational burden required to continually roll to the new US Treasury Security as it is issued, while also enjoying the potential tax efficiencies of an ETF.
ICE BofA US 6-Month Treasury Bill Index (G0O2)
The ICE BofA US 6-Month Treasury Bill Index (G0O2) is an index that tracks the performance of US 6-month Treasury bills. The index is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month, that issue is sold and rolled into a newly selected issue. The selected issue at each month-end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, twelve months from the rebalancing date. To qualify for selection, an issue must have settled on or before the month-end rebalancing date.
Yield of the 6-month US Treasury Bill (XBIL)
The yield of the 6-month US Treasury Bill, represented by the ticker symbol XBIL, is currently 4.83% as of January 23, 2024.
Expense Ratio and Inception Date
The UST 6 Month Bill Fund has an expense ratio of 0.15% and was launched on March 7, 2023.
Market Data
As of the provided information, the UST 6 Month Bill Fund has net assets of $526.50 million, with 10,510,000 shares outstanding. The net asset value (NAV) is $50.10, and the closing price is $50.10. The 30-day SEC yield is 4.83%, and the premium/discount is 0.01%. The median 30-day spread is 0.02%.
Top Holdings
The top holdings of the UST 6 Month Bill Fund include various United States Treasury Bills with different maturity dates. The weightings and market values of these holdings are subject to change. As of the provided information, the top holdings include:
- UNITED STATES TREAS BILLS 07/05/2024
- UNITED STATES TREAS BILLS 07/11/2024
- UNITED STATES TREAS BILLS 06/27/2024
- UNITED STATES TREAS BILLS 07/25/2024
- Cash & Other Please note that the information provided is based on the search results and snippets available. For more detailed and up-to-date information, it is recommended to refer to official sources or consult with a financial professional.
