How Does VanEck 1-3 Month US Treasury Bond ETF (ASX:TBIL) Hold Short-Dated US Treasury Bills?

Sonal Goyal

28 October 2026 12:53 AM AEDT

How Does VanEck 1-3 Month US Treasury Bond ETF (ASX:TBIL) Hold Short-Dated US Treasury Bills?

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Key Highlights

VanEck 1-3 Month US Treasury Bond ETF (ASX:TBIL) uses a passive strategy of investing directly in the securities that comprise its reference index.
The portfolio holds 20 United States Treasury Bills, with the top ten making up 73.72%.
Fund size is $108.66 million, the management fee is 0.22% and an interim distribution has an ex-date of 2 November 2026.

VanEck 1-3 Month US Treasury Bond ETF (ASX:TBIL) is an exchange traded fund that employs a passive management strategy of investing directly in the securities that comprise its reference index, the Bloomberg US Treasury Bill 1-3 M TR AUD index. Admitted to the ASX on 18 May 2023, the fund has a fund size of $108.66 million and a management fee of 0.22%. This article outlines the structure, portfolio and distribution timetable.

Exposure and Investment Approach

Treasury bills are short-dated US government securities, and the index covers bills with one to three months to maturity. The fund is categorised as Bonds - Global, a category that invests in foreign government and corporate debt and typically maintains a predominant currency hedge.

Portfolio Composition

The fund holds 20 positions, all in United States Treasury Bills. The ten largest positions each represent between 6.58% and 10.29% of the portfolio, and together they account for 73.72%.

In terms of asset allocation, cash and cash equivalents make up 99.97% of the portfolio and bonds 0.03%.

Key Features to Understand

Because the portfolio is made up of short-dated bills, the asset allocation is almost entirely cash and cash equivalents (99.97%), with bonds at 0.03%. The fund's ten largest positions are individual Treasury Bill issues, each between 6.58% and 10.29% of the portfolio.

Distribution Details

The fund's most recent recorded distribution was an interim distribution with an ex-date of 2 November 2026, a record date of 3 November 2026 and payment on 17 November 2026, with the amount set out in a dividend timetable published on 26 October 2026.

Fund Details at a Glance

Fund name: VanEck 1-3 Month US Treasury Bond ETF (ASX:TBIL)
Issuer: VanEck
Category: Bonds - Global
Benchmark: Bloomberg US Treasury Bill 1-3 M TR AUD
Admitted to the ASX: 18 May 2023
Fund size: $108.66 million
Management fee: 0.22%
ISIN: AU0000275091

Recent Announcements

Recent announcements include a dividend timetable on 26 October 2026, dividend component details on 8 October, a final distribution notice for the period ending 30 September 2026, dividend reinvestment plan prices on 1 October and issued units outstanding as at 30 September 2026.

Wrapping Up

VanEck 1-3 Month US Treasury Bond ETF holds 20 short-dated US Treasury Bills under a passive strategy, with a 0.22% management fee. Its next interim distribution has an ex-date of 2 November 2026 and a payment date of 17 November 2026.

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