Key Highlights

  • TBIL (ASX:TBIL) holds short-dated US Treasury bills with maturities of one to three months.
  • Cash makes up 99.97% of the fund, with treasury bills forming the holdings.
  • The annual yield is 3.59%, and management fees are 0.22%.
  • Fund size is $108.48 million, with 2,278,891 units on issue.

VanEck 1-3 Month US Treasury Bond ETF (ASX:TBIL) traded at $47.69 during the trading session on 30 October 2026, up 0.18%, with 1,648 units changing hands. TBIL is a short-duration exposure to US government paper. It holds treasury bills rather than long-dated bonds, so its price moves are small compared with longer-dated bond funds, and the fund was admitted to the ASX on 18 May 2023.

Fund Details

Fund size is $108.48 million, with 2,278,891 units on issue. The ISIN is AU0000275091 and management fees and costs are 0.22% a year. The benchmark is the Bloomberg US Treasury Bill 1-3 Month TR AUD index, and the fund is in the Bonds - Global category.

Bond Exposure and Holdings

Cash accounts for 99.97% of the fund, with a 0.03% bond position. The holdings are a list of 20 United States Treasury bill issues, with the largest at 10.29% and the next largest at 8.41%. The top ten make up 73.72% of the portfolio, and the remaining 26.28% is spread across the other issues.

Exposure is 100% United States, reflecting the fund's sole focus on US government paper.

Income Profile

The annual yield is 3.59%, which reflects the short-term interest rates earned on the treasury bills held in the portfolio. The next interim distribution has an ex-date of 2 November 2026, a record date of 3 November 2026 and a payment date of 17 November 2026.

Session Trading

TBIL moved between $47.64 and $47.81 during the session, with average daily volume of about 3,867 units. The bid-offer range was $47.64 to $47.72.

How the Portfolio Is Built

TBIL holds treasury bills directly in its portfolio and rolls them as they mature. Because the bills are short-dated, the fund's price changes little from day to day, and its income tracks short-term US rates over time.

The passive approach means the holdings change only when the reference index changes, keeping turnover and costs contained.

What the Exposure Means

TBIL offers a short-dated US government exposure, with cash-like holdings and a 3.59% annual yield. It is a different proposition from longer-dated bond funds, because its value is anchored by the short maturities of the treasury bills it holds.