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OBIL ETF — Holdings & Analysis

The US Treasury 12 Month Bill ETF (OBIL) is a fixed-income ETF managed by F/m, with $0.30 billion in assets under management. Launched in November 2022, OBIL distinguishes itself by investing primarily in U.S.

Treasury bills with a maturity of 12 months. With an expense ratio of 0.15%, OBIL offers targeted exposure to short-term government debt, potentially appealing to investors seeking stability and capital preservation in their fixed-income allocation. Past performance does not guarantee future results.

US Treasury 12 Month Bill ETF (OBIL) ETF — Price, Holdings & Analysis

The US Treasury 12 Month Bill ETF (OBIL) is a fixed-income ETF managed by F/m, with $0.30 billion in assets under management. Launched in November 2022, OBIL distinguishes itself by investing primarily in U.S. Treasury bills with a maturity of 12 months. With an expense ratio of 0.15%, OBIL offers targeted exposure to short-term government debt, potentially appealing to investors seeking stability and capital preservation in their fixed-income allocation. Past performance does not guarantee future results.

ETF Overview

Under normal market conditions, the Adviser seeks to achieve the fund’s investment objective by investing at least 80% of the UST 12 Month Bill Fund’s net assets (plus any borrowings for investment purposes) in the component securities of the index. The underlying index is comprised of a single issue purchased at the beginning of the month and held for a full month.
OBIL, the US Treasury 12 Month Bill ETF, aims to mirror the performance of an index comprised of a single issue purchased at the beginning of each month and held for a full month. The fund invests at least 80% of its net assets in the component securities of the index, providing focused exposure to U.S. Treasury bills. This strategy is designed for investors seeking a liquid and transparent way to invest in short-term U.S. government debt. With its entire portfolio currently allocated to cash and other holdings, OBIL offers a pure play on the very short end of the yield curve. The ETF's targeted approach may appeal to those looking to manage interest rate risk or seeking a safe haven asset within their broader investment portfolio. OBIL's strategy differentiates it from broader fixed-income ETFs that may include a mix of maturities and credit qualities.

Risk Metrics

OBIL's risk profile is largely defined by its focus on U.S. Treasury bills, which are generally considered low-risk assets due to the backing of the U.S. government. However, the fund is not entirely without risk. Its concentration in a single sector, cash and equivalents, means that its performance is highly correlated with short-term interest rate movements. While OBIL's beta of 0.08 indicates low volatility relative to the broader market, investors should be aware of the potential impact of rising interest rates on the value of short-term debt instruments. The ETF's expense ratio of 0.15% will also create a small drag on performance over time. Past performance does not guarantee future results.

Expense Ratio

0.15%

How Is the Fund Allocated?

SectorWeight
Cash & Others100.0%
CountryWeight
Other100.0%

Dividend Yield

0.00%

Risk Metrics

  • Beta: 0.08

Questions & Answers

What is OBIL and what does it track?

OBIL, or the US Treasury 12 Month Bill ETF, is a fixed-income ETF that seeks to track the performance of an index comprised of U.S. Treasury bills with a maturity of approximately 12 months.

The fund invests at least 80% of its net assets in these component securities, providing investors with targeted exposure to short-term government debt.

What is the expense ratio for OBIL?

The expense ratio for OBIL is 0.15%. This means that for every $10,000 invested in the fund, investors will pay $15 in annual fees to cover the fund's operating expenses.

While expense ratios can vary across different fixed-income ETFs, OBIL's expense ratio is relatively competitive. It is important to consider the expense ratio as part of the overall cost of investing in an ETF, as it can impact long-term returns.

What are the top holdings in OBIL?

As of 2026-03-15, OBIL's portfolio is primarily allocated to cash and other holdings, representing 100% of its assets. This reflects the fund's strategy of investing in short-term U.S. Treasury bills.

While the specific Treasury bill holdings may change over time as the fund rolls its investments, the fund's focus remains on U.S.

Is OBIL a good long-term investment?

Whether OBIL is a suitable long-term investment depends on an investor's individual financial goals and risk tolerance. OBIL offers exposure to short-term U.S. Treasury bills, which are generally considered low-risk assets.

However, the fund's returns may be limited compared to other asset classes with higher growth potential.

How does OBIL compare to similar ETFs?

OBIL differentiates itself through its focused strategy of investing exclusively in U.S. Treasury bills with a 12-month maturity.

While other fixed-income ETFs may hold a mix of government and corporate bonds with varying maturities, OBIL provides a pure play on the short end of the U.S. Treasury yield curve.

Does OBIL pay dividends?

As of 2026-03-15, OBIL's dividend yield is 0.00%. While the fund invests in interest-bearing U.S. Treasury bills, the income generated may be reinvested or used to cover the fund's operating expenses.

Investors seeking current income from their fixed-income investments may want to consider other ETFs with a higher dividend yield. However, OBIL's primary objective is capital preservation and stability, rather than income generation.