US Treasury 12 Month Bill ETF
$49.94−0.01 (−0.03%)
- Expense ratio
- 0.15%
- Fund size
- $318M
- 1Y return
- +3.0%
- Yield · Last 12 months
- 3.61%
- Holdings
- 2
- Volume · 30D
- 0M sh
- NAV per share
- $49.94
- 52W range
The ETF.net OBIL Grade
Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 68Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 38Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 46Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 36Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 45Category rank
Our read on OBIL
BMost cash-parking ETFs blend a ladder of short bills. OBIL points at one spot on the curve instead: the 12-month Treasury bill. A precision instrument from F/m's benchmark lineup, and it pays monthly.
The fund seeks investment results that correspond to the performance of its stated underlying benchmark.
Why people hold it
- Aims at a single point on the Treasury curve, the 12-month bill, rather than a blended basket of maturities. Rare precision in a category built on averages.
- Has tracked its stated benchmark closely, which is the whole job for a fund like this.
- Distributes monthly, so income arrives on a steady cadence rather than in quarterly lumps.
- Live since 2022 and has gathered a few hundred million dollars, real staying power for a niche single-maturity idea.
Worth knowing
- At 0.15%, it costs more than the T-bill cohort's typical fund and well more than the cheapest rivals, XONE at 0.03% and VBIL at 0.06%.
- Trades thinly next to cohort giants like BIL, which can mean wider spreads on the way in and out.
- A 12-month bill carries more rate sensitivity than the 0-3 month peers (VBIL, CLIP) it sits beside in this category.
OBIL Holdings
- Bonds
- 2
- 100%
- United States Treasury Bill 09/02/2027
OBIL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | OBIL |
|---|---|
| Year to date | +1.9% |
| 1 month | −0.0% |
| 3 months | +0.7% |
| 1 year | +3.0% |
| 3 years | +4.3% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | OBIL |
|---|---|---|
| 2026 YTD | +1.9% | |
| 2025 | +4.2% | |
| 2024 | +4.9% | |
| 2023 | +4.7% | |
| 2022 | +0.5% |
OBIL in the news
ETF.net Research hasn’t filed on OBIL yet — coverage lands here as it’s written.
OBIL Dividends
- 3.61%
- $1.81
- $0.16 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 28, 2026 | $0.16 |
| Jul 28, 2026 | Jul 29, 2026 | $0.16 |
| Jun 29, 2026 | Jun 30, 2026 | $0.15 |
| May 28, 2026 | May 29, 2026 | $0.15 |
| Apr 28, 2026 | Apr 29, 2026 | $0.15 |
| Mar 30, 2026 | Mar 31, 2026 | $0.14 |
| Feb 26, 2026 | Feb 27, 2026 | $0.15 |
| Jan 29, 2026 | Jan 30, 2026 | $0.15 |
| Dec 30, 2025 | Dec 31, 2025 | $0.15 |
| Dec 2, 2025 | Dec 3, 2025 | $0.15 |
| Nov 3, 2025 | Nov 4, 2025 | $0.15 |
| Oct 1, 2025 | Oct 2, 2025 | $0.15 |
OBIL Risk
- 0.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.36
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
OBIL Cost
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
20 of the 77 Cash & Ultra-Short Income funds charge less.