SPDR Bloomberg 1-3 Month T-Bill ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$91.78
- Net Assets:$0 Million
- NAV:$91.42
- Premium0.39%
- Peer Rank:8 of 62
- Investment Rating:C+
- Performance:C-
- RiskB
We rate SPDR Bloomberg 1-3 Month T-Bill at C+. Positive factors that influence this rating include a low expense structure and long term portfolio management tenure. The fund invests approximately 100% of its assets in bonds and may be considered for investors seeking a Government Bond strategy.
Downside risk has been below average. BIL has a draw down risk of -0.51%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 0.7%. This fund has had very little volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As BIL is an exchange traded fund, it has no front end or back end load.
The SPDR Bloomberg 1-3 Month T-Bill is managed by Todd N. Bean at SSgA Funds Management Inc. This fund is one of 128 SSgA Funds Management Inc exchange-traded funds launched since 1/22/1993 that we track.
Total return ranks below peers over the last three years. The SPDR Bloomberg 1-3 Month T-Bill has returned an annual rate of 0.94% since inception. More recently, the fund has generated a total return of 1.77% in the last five years, 2.36% in the last three years, and 5.16% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 25% of them. It has also outpaced 47% of its competitors on a three year basis and 29% of them over the last year for the period ending 2/29/2024. On a year to date basis, BIL has returned 0.90%.