State Street® SPDR® Bloomberg 3-12 Month T-Bill ETF

What this fund is

State Street® SPDR® Bloomberg 3-12 Month T-Bill ETF is an exchange-traded fund (ETF) from SPDR, traded under the ticker BILS (ISIN US78468R5239). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms it is about very short-term, cash-like instruments, aimed at protecting your money and earning a little interest rather than growing it, spread across its target market. It passively tracks the Bloomberg 3-12 Month U.S.

Treasury Bill Index index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include TREASURY BILL 10/26 0.00000, TREASURY BILL 12/26 0.00000 and TREASURY BILL 10/26 0.00000. Spread across roughly 24 holdings (the ten largest ≈ 54.6%), no one position makes or breaks the fund. Funds like this are often used as the steadier, lower-swing part of a portfolio — the ballast that cushions the ups and downs of shares. Its ongoing charge (TER) is 0.1354% a year — about €14 a year on a €10,000 holding, taken automatically from the fund.

It holds the underlying investments directly (physical replication); it is domiciled in the United States and trades in USD. Its price has swung about 1.1% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2020. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from SPDR.)