Highlights

  • Exposure focus: Treasury securities maturing within one year.
  • Official net Assets were USD 21,299,287,574 as at 3 November 2026.
  • The listed net annual expense ratio is 0.15%.
  • Its reference measure is ICE Short US Treasury Securities Index.

iShares 0–1 Year Treasury Bond ETF (NYSE:SHV) focuses on Treasury securities with no more than one year remaining to maturity. This creates a short-dated government bond exposure that differs from both a zero-to-three-month bill fund and longer Treasury portfolios. Holdings are replaced over time as the benchmark eligibility of individual securities changes.

Investment approach and market coverage

iShares 0–1 Year Treasury Bond ETF (NYSE:SHV) uses an index-tracking mandate. The stated benchmark is ICE Short US Treasury Securities Index. The benchmark defines the eligible Investment universe, and its membership and weights shape the portfolio. An index objective does not mean the fund and benchmark will match exactly. Expenses, transactions, cash balances and implementation decisions can create differences. The scope of the mandate matters when comparing this exposure with an existing portfolio, because funds with similar names may cover different securities or market segments.

Holdings and underlying exposure

In the official holdings file dated 3 November 2026, selected leading individual bond positions were Treasury Bill maturing 14 January 2027 at 5.00%; Treasury Bill maturing 31 December 2026 at 4.19%; Treasury Bill maturing 23 February 2027 at 3.92%; Treasury Bill maturing 22 December 2026 at 3.59%; Treasury Bill maturing 29 April 2027 at 3.52%. These figures are security-level portfolio weights; separate securities from the same issuer may appear in other rows. Holdings and weights can change.

The holdings file classifies Treasury bills within its cash category. Those bills are included in the Treasury positions discussed here because they are part of the stated government securities mandate. Bank cash and money-market fund positions are separate entries. The Maturity dates show when individual holdings are due to repay, while the fund continues to replace securities to maintain its ongoing maturity exposure.

Fees distributions and share pricing

iShares 0–1 Year Treasury Bond ETF (NYSE:SHV) has a listed gross annual expense ratio of 0.15% and net annual expense ratio of 0.15%. At the net rate, USD 10,000 held at a constant value for a full year would imply approximately USD 15.00 in annual fund expenses. This is an illustrative fee calculation, excluding changes in value, brokerage costs and bid-ask spreads. Expenses are reflected within the product rather than quoted as a promised investment outcome.

The stated distribution frequency is monthly. The schedule describes how often distributions are expected, while payment amounts depend on income and other applicable fund circumstances. A distribution is distinct from Capital appreciation and does not establish a fixed future payment. Shareholders also need to consider their own tax treatment, including any treatment of distributions or gains on sale.

iShares reported net asset value of USD 110.06 per share as at 3 November 2026. NAV measures the underlying net asset value allocated to a share; it is not an exchange closing-price quotation. Shares trade on NYSE, where the transaction price can differ from NAV and where the bid-ask spread adds to the cost of entering or exiting a position.

Short maturity and reinvestment risk

Short-dated Treasury exposure generally has less sensitivity to a given interest-rate change than longer-maturity government debt. However, the fund share price can still move and future income depends on the yields available as holdings mature. Falling short-term rates can reduce the income generated on reinvested proceeds. Exchange-traded shares are securities rather than a bank deposit, and a short maturity mandate does not fix an investor return.

Key Insights

iShares 0–1 Year Treasury Bond ETF (NYSE:SHV) is defined by its benchmark and eligible investment universe. Its holdings explain the actual exposure, while the fee schedule and distribution arrangements explain important ownership mechanics. These features need to be considered together: broad coverage, a particular style or a specified maturity band each changes the risks a Shareholder takes. The investment objective remains a target, and the value of the shares can decline.

Data checked on 5 November 2026. Each numerical observation uses the specific source date stated above.