Fixed income
TBIL
VanEck 1-3 Month US Treasury Bond ETF · VanEck
A small ladder of very short-dated US government Treasury bills (1-to-3-month maturities).
What the fee costs you
The management fee is 0.22% a year. Here’s what that works out to in dollars:
A 0.22% yearly fee works out to about $22 a year per $10,000 invested.
A rough guide based on the headline fee only. Other costs (such as brokerage or buy/sell spreads) aren’t included.
The basics
- Issuer
- VanEck
- Asset class
- Fixed income
- Number of holdings
- ~17
- Where it invests
- United States.
- Income paid
- Monthly
- Currency hedged
- No — It's unhedged, so its value to an Australian investor swings mainly with the Australian dollar against the US dollar — recent falls in the fund's price reflect currency moves, not losses on the bonds.
Its character
A US Treasury bill fund: it holds the shortest, safest US government debt, so credit risk is minimal and the price is very stable in US-dollar terms. For an Australian holder, though, it is unhedged — so the Australian and US dollar exchange rate drives most of the ups and downs.
What to keep in mind
The bonds themselves are about as safe as it gets and barely move in price, so the real risk here is currency: unhedged US-dollar exposure means the Australian-dollar value can swing noticeably as exchange rates move.
Income
Income is paid monthly, from the interest on the Treasury bills.
Figures last verified 2026-06-23against the issuer’s factsheet and PDS.