Key Highlights

  • SGOV had net Assets of $116.78 billion as of 23 October 2026, and the fund's expense ratio is 0.09%.
  • The fund holds 24 listed positions and tracks the ICE 0-3 Month US Treasury Securities index (USD).
  • The most recent distribution was $0.300547 per share, paid on 6 October 2026.

The iShares 0-3 Month Treasury Bond ETF (NYSE:SGOV) is a Treasury bill fund aimed at Liquidity and Capital preservation. On 23 October 2026 the fund had a NAV of $100.66 and a closing price of $100.66, and net assets stood at $116.78 billion. The NAV moved by +$0.03 (+0.03%) on the day.

The fund seeks to track an index of U.S. Treasury bills with maturities of zero to three months, to preserve capital and manage liquidity with minimal Interest Rate risk. It is listed on NYSE, has traded since 26 May 2020 and pays distributions monthly. This article sets out its structure, portfolio, costs and risk characteristics.

Fund Snapshot

iShares 0-3 Month Treasury Bond ETF reported a NAV of $100.66 and a closing price of $100.66 on 23 October 2026, a premium/discount of zero. There were 1,160,150,000 shares outstanding, and the 30-day median bid/ask spread was 0.01%. Daily Volume was 19,126,051 shares, compared with a 30-day average of 22,506,363.

Index and Objective

The fund tracks the ICE 0-3 Month US Treasury Securities Index (USD) and is passively managed against it. Its stated aim is to track an index of U.S. Treasury bills with maturities of zero to three months, to preserve capital and manage liquidity with minimal interest rate risk. The holdings table lists 24 Treasury bill positions. The fund may use exchange-traded Index Futures to offset cash and receivables while tracking its benchmark.

Largest Positions

The ten largest positions in the portfolio were Treasury bill due 8 December 2026 (8.53%), Treasury bill due 15 December 2026 (8.19%), Treasury bill due 17 November 2026 (7.63%), Treasury bill due 22 December 2026 (6.88%), Treasury bill due 27 October 2026 (6.83%), Treasury bill due 24 November 2026 (6.80%), Treasury bill due 10 November 2026 (6.00%), Treasury bill due 29 October 2026 (5.22%), Treasury bill due 21 January 2027 (5.07%), Treasury bill due 19 November 2026 (4.43%). Together they represent 65.58% of the fund.

Very Short Maturities

SGOV holds U.S. Treasury bills with maturities of zero to three months, and the fund reports an effective duration and weighted average Maturity of just 0.11 years. The three-year Standard Deviation of 0.22% and Equity Beta of 0.00 describe a portfolio with very little price movement. The fund's largest positions are bills maturing on 8 and 15 December 2026, at 8.53% and 8.19% of assets.

Costs and Distributions

The total expense ratio stated in the prospectus is 0.09%. The fund's most recent distribution had a record and ex-date of 1 October 2026, was payable on 6 October 2026 and totalled $0.300547 per share, all from income. The prior distribution was $0.307098 per share, with a date of 1 September 2026.

Duration and Credit Characteristics

The fund reported an effective duration of 0.11 years and a weighted average maturity of 0.11 years, a weighted average coupon of 0.00, an option-adjusted spread of 2.23 basis points and Convexity of 0.00. Its equity beta was 0.00 and its three-year standard deviation 0.22% as of 30 September 2026. The fund notes that its return fluctuates with market conditions and that it is not insured or guaranteed by the FDIC.

Morningstar Ratings

Morningstar gave the fund an overall rating of 3 stars, rated against 227 Ultrashort Bond funds as of 30 September 2026.

Summary of the Fund

iShares 0-3 Month Treasury Bond ETF (SGOV) reported 24 listed positions, $116.78 billion in net assets and a 0.09% expense ratio as of 23 October 2026.