BIL ISSUER
The SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) is managed by SSGA Funds Management, Inc. (SSGA FM). BIL seeks to track the performance of the Bloomberg 1-3 Month U.S. Treasury Bill Index. Utilizing a sampling strategy, the fund may not purchase all the securities in the index but aims to maintain a portfolio with similar risk and return characteristics. Under normal market conditions, BIL invests primarily in U.S. Treasury Bills with remaining maturities of 1 to 3 months. The fund may also invest in debt securities not included in the index, cash, cash equivalents, and money market instruments. The Index is market capitalization weighted and sponsored by Bloomberg Index Services Limited, an entity separate from the fund and its adviser.
BIL DIVIDEND
While the iShares Bloomberg Barclays 1-3 Year Treasury Bond ETF (BIL) primarily focuses on providing exposure to short-term U.S. Treasury bonds, it also offers investors some income through its dividend distribution. BIL typically distributes dividends on a monthly basis, reflecting the interest payments received from its underlying bonds. As a low-risk fixed-income ETF, BIL's dividend eligibility and distribution are determined by the U.S. Treasury's debt obligations, making it a stable option for income-seeking investors looking to preserve capital.
BIL TRACKING
The BIL ETF, managed by State Street Global Advisors, strives to replicate the performance of the Bloomberg 1-3 Month U.S. Treasury Bill Index. Instead of buying all the securities in the Index, the fund employs a sampling strategy. This approach allows the ETF to invest in a subset of securities within the Index that mirror its risk and return characteristics. Generally, BIL holds at least 80% of its total assets in securities from the Index, with some potential allocation to cash, cash equivalents, and money market instruments. The Index itself comprises publicly issued U.S. Treasury Bills with a remaining maturity of 1 to 3 months and a fixed rate, providing investors with a liquid and secure short-term investment option.
BIL CORRELATION
The correlation aspect of the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is generally characterized by a strong association with short-term U.S. Treasury bill yields. Given that BIL seeks to track the Bloomberg 1-3 Month U.S. Treasury Bill Index, its correlation with short-term U.S. government debt instruments is expected to be highly positive. Investors often utilize BIL as a safe-haven asset in times of market uncertainty, as it tends to exhibit low volatility and a strong inverse correlation with riskier assets.
BIL SECTOR
The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is primarily involved in the short-term U.S. Treasury bill sector. This ETF seeks to track the Bloomberg 1-3 Month U.S. Treasury Bill Index, which consists of short-duration, highly liquid U.S. government securities. BIL provides investors with a safe and stable option, with holdings primarily composed of short-term, investment-grade Treasury bills, making it an attractive choice for those looking for low-risk, cash-equivalent investments.
BIL EXPOSURE
The exposure characteristic of the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) is centered around short-term U.S. Treasury Bills. This ETF offers investors a safe and highly liquid option for parking their funds in short-term government debt securities. With holdings primarily consisting of U.S. Treasury Bills with maturities between one and three months, BIL provides exposure to the stability and security of U.S. government debt, making it an attractive choice for capital preservation in uncertain market conditions.For a comprehensive analysis of BIL's exposure and insights into its portfolio composition, as well as correlations and overlaps with other ETFs, investors can turn to our tool ETF Insider. Our web app offers in-depth data visualization and helps users discover the intricacies of various U.S. ETFs, aiding in informed investment decisions.
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