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

NAV
$99.50
as of Jan 26 2023
Base Currency
USD
Assets Under Management
$796.00 M
as of Jan 26 2023
Gross Expense Ratio
0.135%

Key Features


  • The SPDR Bloomberg  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  3-12 Month U.S. Treasury Bill Index (the "Index")
  • Seeks to provide exposure to 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


The Bloomberg  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.


Fund Information as of Jan 27 2023

Benchmark Bloomberg 3-12 Month U.S. Treasury Bill Index
Inception Date Sep 23 2020
Options Available Yes
Gross Expense Ratio
0.135%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Jan 27 2023

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Sep 24 2020 USD BILS 78468R523 US78468R5239

Fund Characteristics as of Jan 26 2023

Number of Holdings 27
Average Coupon
0.00%
Average Maturity in Years
0.37
Average Price $97.70
Average Yield To Worst
4.67%
Option Adjusted Duration
0.37 years
Option Adjusted Spread -6.49
Yield to Maturity
4.67%

Index Characteristics as of Jan 26 2023

Number of Holdings 25
Average Coupon 0.00%
Average Maturity in Years 0.35
Average Price $98.39
Average Yield To Worst 4.66%
Option Adjusted Duration 0.35 years
Option Adjusted Spread -5.83
Yield to Maturity 4.66%

Yields as of Jan 25 2023

30 Day SEC Yield
4.33%
30 Day SEC Yield (Unsubsidized)
-
Fund Distribution Yield
1.61%

Fund Market Price as of Jan 26 2023

Bid/Ask
$99.55
Closing Price
$99.54
Day High $99.55
Day Low $99.54
Exchange Volume (Shares)
2,127
Premium/Discount
0.05%
30-Day Median Bid/Ask Spread
0.01%

Premium Discount to NAV Graph and Summary

Number of Days Summary

Calendar Year 2022
Days Traded at Premium
251
Days Traded at Discount
0

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 26 2023

Net Cash Amount $4,750,025.72

Fund Net Asset Value as of Jan 26 2023

NAV
$99.50
Shares Outstanding 8.00 M
Assets Under Management $796.00 M

Fund Performance

  • Fund Inception Date: Sep 23 2020

as of Dec 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Sep 23 2020
Fund Before Tax
NAV Dec 31 2022 0.39% 0.78% 0.85% 0.85% - - - 0.34%
Market Value Dec 31 2022 0.41% 0.81% 0.90% 0.90% - - - 0.36%
Bloomberg 3-12 Month U.S. Treasury Bill Index Dec 31 2022 0.39% 0.83% 0.99% 0.99% - - - 0.47%
Fund After Tax
Return after Taxes on Distributions Dec 31 2022 0.13% 0.32% 0.19% 0.19% - - - 0.05%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 0.23% 0.46% 0.50% 0.50% - - - 0.14%
Bloomberg 3-12 Month U.S. Treasury Bill Index Dec 31 2022 0.39% 0.83% 0.99% 0.99% - - - 0.47%

as of Dec 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Sep 23 2020
Fund Before Tax
NAV Dec 31 2022 0.39% 0.78% 0.85% 0.85% - - - 0.34%
Market Value Dec 31 2022 0.41% 0.81% 0.90% 0.90% - - - 0.36%
Bloomberg 3-12 Month U.S. Treasury Bill Index Dec 31 2022 0.39% 0.83% 0.99% 0.99% - - - 0.47%
Fund After Tax
Return after Taxes on Distributions Dec 31 2022 0.13% 0.32% 0.19% 0.19% - - - 0.05%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 0.23% 0.46% 0.50% 0.50% - - - 0.14%
Bloomberg 3-12 Month U.S. Treasury Bill Index Dec 31 2022 0.39% 0.83% 0.99% 0.99% - - - 0.47%

Past performance is not a reliable indicator of future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to invest directly in an index.

Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0.135%


Top Holdings

as of Jan 26 2023
as of Jan 26 2023

Fund Top Holdings as of Jan 26 2023

Name Market Value ISIN Weight
TREASURY BILL 0 04/20/2023 58,410,893.36 US912796V482 7.25%
TREASURY BILL 0 05/18/2023 58,196,835.82 US912796W472 7.22%
TREASURY BILL 0 06/15/2023 57,996,759.88 US912796X538 7.20%
TREASURY BILL 0 04/13/2023 33,300,111.09 US912796YU75 4.13%
TREASURY BILL 0 04/27/2023 33,237,152.25 US912796YV58 4.12%
TREASURY BILL 0 05/04/2023 33,212,313.65 US912796YW32 4.12%
TREASURY BILL 0 05/11/2023 33,178,276.91 US912796ZE25 4.12%
TREASURY BILL 0 05/25/2023 33,112,997.13 US912796ZF99 4.11%
TREASURY BILL 0 06/01/2023 33,090,234.45 US912796ZG72 4.11%
TREASURY BILL 0 06/08/2023 33,057,253.16 US912796ZP71 4.10%
Download All Holdings: Daily

Index Top Holdings as of Jan 26 2023

Name ISIN Weight
TREASURY BILL 0 04/20/2023 US912796V482 7.29%
TREASURY BILL 0 05/18/2023 US912796W472 7.26%
TREASURY BILL 0 06/15/2023 US912796X538 7.24%
TREASURY BILL 0 04/13/2023 US912796YU75 4.16%
TREASURY BILL 0 04/27/2023 US912796YV58 4.15%
TREASURY BILL 0 05/04/2023 US912796YW32 4.15%
TREASURY BILL 0 05/11/2023 US912796ZE25 4.14%
TREASURY BILL 0 05/25/2023 US912796ZF99 4.13%
TREASURY BILL 0 06/01/2023 US912796ZG72 4.13%
TREASURY BILL 0 06/08/2023 US912796ZP71 4.13%

Sector Allocation

as of Jan 26 2023
as of Jan 26 2023

Fund Sector Breakdown as of Jan 26 2023

Sector Weight
Treasury 99.40%
Cash 0.60%

Index Sector Breakdown as of Jan 26 2023

Sector Weight
Treasury 100.00%

Quality Breakdown

as of Jan 26 2023
as of Jan 26 2023

Fund Quality Breakdown as of Jan 26 2023

Name Weight
AAA 100.00%

Index Quality Breakdown as of Jan 26 2023

Name Weight
AAA 100.00%

Maturity Ladder

as of Jan 26 2023
as of Jan 26 2023

Fund Maturity Ladder as of Jan 26 2023

Name Weight
0 - 1 Year 100.00%

Index Maturity Ladder as of Jan 26 2023

Name Weight
0 - 1 Year 100.00%

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.


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 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®" and Bloomberg 3-12 Month U.S. Treasury Bill Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the index (collectively, "Bloomberg") and have been licensed for use for certain purposes by State Street Global Advisors. Bloomberg is not affiliated with State Street Global Advisors, and Bloomberg does not approve, endorse, review, or recommend SPDR Bloomberg 3-12 Month T-Bill ETF. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to SPDR Bloomberg 3-12 Month T-Bill ETF.

Prior to 10/31/2021, the SPDR Bloomberg 3-12 Month T-Bill ETF was known as the SPDR Bloomberg Barclays 3-12 Month T-Bill ETF.

Prior to 8/24/2021, the Bloomberg 3-12 Month U.S. Treasury Bill Index was known as the Bloomberg Barclays 3-12 Month U.S. Treasury Bill Index.