VBIL ETF — Vanguard 0-3 Month Treasury Bill ETF

Vanguard 0-3 Month Treasury Bill ETF (VBIL)

Updated October 12, 2026.

VBIL is a low-cost ETF. its distribution rate is 3.46%, its trailing-12-month yield is 3.51%, its expense ratio is 0.06%. Dividend Vision Distribution Safety Score™ is 87/100 (Safe). Total return is 6.7% over the past 1.7 years, 24.4 points behind SPY at 31.1%.

Vanguard's ETF tracks an index of U.S. Treasury bills with maturities of three months or less, holding at least 80% of assets in these short-term government securities. The fund offers a current distribution rate in the moderate range, paid monthly, with a very low expense ratio of 0.06%. This fund appeals to income investors seeking stability and liquidity through exposure to short-duration Treasury debt.

VBIL performance versus SPY

Price and return data through 2026-10-12.

Total return is 6.7% over the past 1.7 years, 24.4 points behind SPY at 31.1%. Over the past year its total return — price change plus distributions reinvested — is 3.7%.

VBIL key facts

Distribution Safety Score™

87 · Safe

Safety-Adjusted Yield

3.01%

Issuer

Vanguard

Asset type

ETF

Asset class

Fixed Income

Inception date

02/10/2025

Expense ratio

0.06%

Distribution rate

3.46%

Distribution frequency

Monthly

Trailing yield

3.51%

Last close

$75.60 (stale; as of 2026-10-12)

AUM

$13,462,579,000

Average volume

2174877.0

Dividend

$0.218

Ex-dividend date

10/01/2026

Payment date

10/05/2026

Beta

-0.001

How Dividend Vision calculates yield and returns

Distribution rate (3.46%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.51%) 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: Vanguard or company page; 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.

VBIL risks and drawbacks

VBIL'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 VBIL — and who may not

VBIL may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, 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 VBIL

VBIL vs similar funds:

• VBIL vs SGOV
• VBIL vs USFR

Frequently asked questions

More securities from Vanguard.