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State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL (State Street SPDR Bloomberg 1-3 Month T-Bill ETF) is an index US Equity ETF by State. With a 0.14% MER, it provides diversified exposure through 18 holdings. Monthly distribution with a 4.01% yield.
BIL by State is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.14% MER makes it one of the most cost-effective options in its category. It pays a monthly distribution with a 4.01% yield, making it attractive for income-seeking investors.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).