BIL ETF — SPDR Bloomberg 1-3 Month T-Bill ETF

SPDR Bloomberg 1-3 Month T-Bill ETF (BIL)

Updated October 12, 2026.

BIL is a low-cost ETF that tracks the Bloomberg 1-3 Month U.S. Treasury Bill Index. its distribution rate is 3.45%, its trailing-12-month yield is 3.66%, its expense ratio is 0.1353%. Total return is 31.2% over the past 19.4 years, 592.7 points behind SPY at 623.9%.

SPDR Bloomberg 1-3 Month T-Bill ETF tracks the Bloomberg 1-3 Month U.S. Treasury Bill Index, holding short-term Treasury securities with minimal credit risk and a current high distribution rate paid monthly. The fund carries an expense ratio of 0.14%. It appeals to conservative income investors seeking stable, liquid exposure to short-term U.S. government debt.

BIL performance versus SPY

Price and return data through 2026-10-12.

Total return is 31.2% over the past 19.4 years, 592.7 points behind SPY at 623.9%. Over the past year its total return — price change plus distributions reinvested — is 3.7%.

BIL key facts

Issuer

State Street

Asset type

ETF

Asset class

Fixed Income

Inception date

05/25/2007

Expense ratio

0.1353%

Distribution rate

3.45%

Distribution frequency

Monthly

Trailing yield

3.66%

Last close

$91.50 (stale; as of 2026-10-12)

AUM

$50,996,648,957

Average volume

7128897.0

Dividend

$0.26318

Ex-dividend date

10/01/2026

Payment date

10/06/2026

Beta

0.06

How Dividend Vision calculates yield and returns

Distribution rate (3.45%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.66%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: State Street or company page; Fact sheet; Prospectus; Index: Bloomberg 1-3 Month U.S. Treasury Bill Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BIL risks and drawbacks

BIL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window.

Who may consider BIL — and who may not

BIL may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Compare BIL

BIL vs similar funds:

• BIL vs SGOV
• BIL vs JPST
• BIL vs SHY
• BIL vs USFR
• BIL vs BOXX vs SGOV
• BIL vs SGOV vs SHY vs USFR

Frequently asked questions

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