By investing in short-term U.S. Treasury bills, CLIP offers an interest-bearing alternative to cash, with potentially lower credit and rate risk relative to other fixed income options.
U.S. Treasury obligations provide potential tax efficiencies in which interest earned is exempt from state and local taxes.1
At a 0.07% expense ratio, CLIP provides exposure to a basket of U.S. Treasury bills with shorter maturities and monthly distributions. - all in one trade.
1Interest from T-Bill is subject to federal tax and any distributions from the Fund may be taxable as ordinary income or capital gains
Key Information |
Trading Details |
Distributions |
Taxes |
NAV | Daily Change | |||
Market Price | Daily Change |
Fund NAV | Market Price | Index | |
---|---|---|---|
Options Details |
Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
---|---|---|---|---|---|
Exposure |
ETF Characteristics |
ETF Risk Stats |
Macaulay Duration | 0.1 Years | |
Modified Duration | 0.09 | |
Yield to Maturity | 3.89% | |
Issuer Type Breakdown | ||
Government | 100.00% | |
Corporate | 0.00% | |
Other | 0.00% |
NAV | $100.32 | Daily Change | $0.01 | 0.01% |
Market Price | $100.33 | Daily Change | $0.00 | 0.00% |
Net Assets (%) | Security Type | Name | SEDOL | Market Value ($) | Par Value ($) |
---|---|---|---|---|---|
9.65 | Treasury Bill | B 05/01/25 | BSZ7PH3 | 143,410,164.40 | 143,510,000.00 |
8.59 | Treasury Bill | B 06/12/25 | BSLSTR8 | 127,667,270.86 | 128,390,000.00 |
8.15 | Treasury Bill | B 05/15/25 | BSQLDW5 | 121,117,576.25 | 121,400,000.00 |
7.19 | Treasury Bill | B 05/29/25 | BTG00Q2 | 106,883,543.42 | 107,309,000.00 |
6.69 | Treasury Bill | B 05/22/25 | BTPH097 | 99,441,699.47 | 99,755,000.00 |
6.44 | Treasury Bill | B 05/08/25 | BT03ML6 | 95,775,269.19 | 95,920,000.00 |
6.29 | Treasury Bill | B 06/20/25 | BRBYPQ0 | 93,543,356.52 | 94,160,000.00 |
5.76 | Treasury Bill | B 06/05/25 | BN7T6L3 | 85,606,456.27 | 86,020,000.00 |
4.81 | Treasury Bill | B 05/06/25 | BPCXKH8 | 71,498,659.03 | 71,590,000.00 |
4.01 | Treasury Bill | B 05/13/25 | BR1FKK2 | 59,654,573.79 | 59,780,000.00 |
As of recent month & quarter-end (Mar 31 2025) | Fund NAV | Market Price | Index |
---|---|---|---|
1 Year | 4.99% | 5.00% | 5.04% |
Since Inception | 5.17% | 5.20% | 5.23% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
1The distribution as a percentage an investor would have received if they had held the fund over the last twelve months, assuming the most recent NAV. The Trailing 12-Month Distribution (%) is calculated by summing any income, capital gains and return of capital distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the same period. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the "19a Notice" here. These do not imply rates for any future distributions.