SPDR® Bloomberg Barclays 3-12 Month T-Bill ETF BILS

Important Risk Disclosure

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$100.07

as of Jan 14 2021

Base Currency

USD

Assets Under Management

$10.01 M

as of Jan 14 2021

Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.1357%

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Key Features

Key Features

  • The SPDR Bloomberg Barclays 3-12 Month T-Bill ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays 3-12 Month U.S. Treasury Bill Index (the “Index”)
  • Seeks to provide exposure to all publicly issued U.S. Treasury Bills that have remaining maturities between 3 and 12 months
  • Short duration fixed income is less exposed to fluctuations in interest rates than longer duration securities
  • Rebalanced on the last business day of the month


About this Benchmark

About this Benchmark

The Bloomberg Barclays 3-12 Month U.S. Treasury Bill  Index (the “Index”) is designed to measure the performance of public obligations of the U.S. Treasury that have a remaining maturity of greater than or equal to 3 months and less than 12 months. The Index includes all publicly issued U.S. Treasury Bills that have a remaining maturity of less than 12 months and at least 3 months, and are rated investment-grade. In addition, the securities must be denominated in U.S. dollars and must have a fixed rate. The Index is market capitalization weighted, with securities held in the Federal Reserve System Open Market Account deducted from the total amount outstanding. The Index is market capitalization weighted.


Fund Information as of Jan 14 2021

Fund Information as of Jan 14 2021
Benchmark Inception Date Options Available Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

Base Currency Investment Manager Distributor
Bloomberg Barclays 3-12 Month U.S. Treasury Bill Index Sep 23 2020 Yes 0.1357% USD SSGA Funds Management, Inc. State Street Global Advisors Funds Distributors, LLC
Benchmark Bloomberg Barclays 3-12 Month U.S. Treasury Bill Index
Inception Date Sep 23 2020
Options Available Yes
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.1357%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency
Monthly
Distribution Frequency Monthly

Listing Information as of Jan 14 2021

Listing Information as of Jan 14 2021
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Sep 24 2020 USD BILS 78468R523 US78468R5239
Exchange NYSE ARCA EXCHANGE
Listing Date Sep 24 2020
Trading Currency USD
Ticker BILS
CUSIP 78468R523
ISIN US78468R5239

Fund Characteristics as of Jan 15 2021

Fund Characteristics as of Jan 15 2021
Number of Holdings Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

Average Price Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

21 0.00% 0.41 $99.90 0.08% 0.00% 0.41 years
Number of Holdings 21
Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

0.00%
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

0.41
Average Price $99.90
Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

0.08%
Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

0.00%
Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

0.41 years
Option Adjusted Spread Real Adjusted Duration

Real Adjusted Duration

A measure of the percentage price change of an inflation linked security associated with a change in real interest rates.

Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

Subject to AMT
-1.47 0.41 years 0.08% -
Option Adjusted Spread -1.47
Real Adjusted Duration

Real Adjusted Duration

A measure of the percentage price change of an inflation linked security associated with a change in real interest rates.

0.41 years
Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

0.08%
Subject to AMT -

Index Characteristics as of Jan 15 2021

Index Characteristics as of Jan 15 2021
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Convexity Current Yield
20 0.00% 0.39 $99.97 0.08% 0.00% 0.00%
Number of Holdings 20
Average Coupon 0.00%
Average Maturity in Years 0.39
Average Price $99.97
Average Yield To Worst 0.08%
Convexity 0.00%
Current Yield 0.00%
Option Adjusted Duration Option Adjusted Spread Real Adjusted Duration Yield to Maturity
0.39 years -1.46 0.40 years 0.08%
Option Adjusted Duration 0.39 years
Option Adjusted Spread -1.46
Real Adjusted Duration 0.40 years
Yield to Maturity 0.08%

Yields as of Jan 14 2021

Yields as of Jan 14 2021
30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

Fund Dividend Yield

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

Tax Equivalent Yield

Taxable Equivalent Yield

Return that is required on a taxable investment to make it equal to the return on a tax-exempt investment. Tax equivalent yield is based on the Fund's 30 Day SEC Yield and the highest marginal federal income tax rate.

-0.04% - 0.00% -
30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

-0.04%
30 Day SEC Yield (Unsubsidized)

30 Day SEC Yield (Unsubsidized)

An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price that does not account for expense ratio waivers.

-
Fund Dividend Yield

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

0.00%
Tax Equivalent Yield

Taxable Equivalent Yield

Return that is required on a taxable investment to make it equal to the return on a tax-exempt investment. Tax equivalent yield is based on the Fund's 30 Day SEC Yield and the highest marginal federal income tax rate.

-

Fund Market Price as of Jan 14 2021

Fund Market Price as of Jan 14 2021
Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

Closing Price

Closing Price

Market Price of last reported trade on the exchange.

Day High Day Low Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

30-Day Median Bid/Ask Spread

The median bid-ask spread is calculated by identifying 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 posted on each business day.

$100.08 - - - 0 0.01% 0.02%
Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given security.

$100.08
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

-
Day High -
Day Low -
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

0
Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

0.01%
30-Day Median Bid/Ask Spread

The median bid-ask spread is calculated by identifying 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 posted on each business day.

0.02%

Premium Discount to NAV Graph and Summary

The line graph and table below show historical information about the differences between the daily closing price for shares of the fund (as determined by the fund’s listing exchange) and the fund’s net asset value over certain periods. The vertical axis of the line graph shows the premium/discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium/discount occurred. The table shows the number of trading days in which the fund traded at a premium or at a discount to NAV.

x axis: Dates
y axis: Premium or Discount (bps)

Number of Days Summary

Calendar Year 2020
Days Traded at Premium
Number of days the ETF closing price was above the NAV.
66
Days Traded at Discount
Number of days the ETF closing price was below the NAV.
3
Days Traded at Premium
Number of days the ETF closing price was above the NAV.
Calendar Year 2020 66
Days Traded at Discount
Number of days the ETF closing price was below the NAV.
Calendar Year 2020 3
Fund Data

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.


Fund Net Cash Amount as of Jan 14 2021

Fund Net Cash Amount as of Jan 14 2021
Net Cash Amount
$6,383.11
Net Cash Amount $6,383.11

Fund Net Asset Value as of Jan 14 2021

Fund Net Asset Value as of Jan 14 2021
NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

Shares Outstanding Assets Under Management
$100.07 100,000.00 $10.01 M
NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$100.07
Shares Outstanding 100,000.00
Assets Under Management $10.01 M
Most Recent NAV / NAV History

Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of Jan 15 2021
Index Top Holdingsas of Jan 15 2021

Fund Top Holdings as of Jan 15 2021

Name Market Value ISIN Weight
TREASURY BILL 0 04/22/2021 1,137,454.26 US9127962Q14 11.37%
TREASURY BILL 0 06/17/2021 749,521.37 US9127963H06 7.49%
TREASURY BILL 0 05/20/2021 723,598.06 US9127962Y48 7.23%
TREASURY BILL 0 04/08/2021 714,679.56 US9127964X47 7.14%
TREASURY BILL 0 04/15/2021 714,660.40 US9127964Y20 7.14%
TREASURY BILL 0 04/29/2021 714,634.31 US9127964Z94 7.14%
TREASURY BILL 0 05/06/2021 449,791.39 US9127965A35 4.49%
TREASURY BILL 0 05/13/2021 449,783.03 US912796A254 4.49%
TREASURY BILL 0 05/27/2021 449,762.51 US912796A338 4.49%
TREASURY BILL 0 06/03/2021 449,758.60 US912796A411 4.49%
Download All Holdings: Daily

Index Top Holdings as of Jan 15 2021

Name ISIN Weight
TREASURY BILL 0 04/22/2021 US9127962Q14 11.38%
TREASURY BILL 0 06/17/2021 US9127963H06 7.50%
TREASURY BILL 0 05/20/2021 US9127962Y48 7.23%
TREASURY BILL 0 04/08/2021 US9127964X47 7.14%
TREASURY BILL 0 04/15/2021 US9127964Y20 7.14%
TREASURY BILL 0 04/29/2021 US9127964Z94 7.14%
TREASURY BILL 0 05/06/2021 US9127965A35 4.50%
TREASURY BILL 0 05/13/2021 US912796A254 4.50%
TREASURY BILL 0 05/27/2021 US912796A338 4.50%
TREASURY BILL 0 06/03/2021 US912796A411 4.50%

Sector Allocation

Sector Allocation
Fund Sector Breakdownas of Jan 15 2021
Index Sector Breakdownas of Jan 15 2021

Fund Sector Breakdown as of Jan 15 2021

Sector Weight
Treasury 99.93%
Cash 0.07%

Index Sector Breakdown as of Jan 15 2021

Sector Weight
Treasury 100.00%

Quality Breakdown

Quality Breakdown
Fund Quality Breakdownas of Jan 15 2021
Index Quality Breakdownas of Jan 15 2021

Fund Quality Breakdown as of Jan 15 2021

Name Weight
Aaa 100.00%

Index Quality Breakdown as of Jan 15 2021

Name Weight
Aaa 100.00%

Maturity Ladder

Maturity Ladder
Fund Maturity Ladderas of Jan 15 2021
Index Maturity Ladderas of Jan 15 2021

Fund Maturity Ladder as of Jan 15 2021

Name Weight
0 - 1 Year 100.00%

Index Maturity Ladder as of Jan 15 2021

Name Weight
0 - 1 Year 100.00%

Purchase Information

Purchase Information

Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions may apply.


Fund Footnotes

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

Unless otherwise noted all information contained herein is that of the SPDR® Bloomberg Barclays 3-12 Month T-Bill ETF.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

BLOOMBERG®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS®, a trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing and trading of the SPDR Bloomberg Barclays ETFs.