CLIP

Global X 1-3 Month T-Bill ETF

$100.26

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Global X 1-3 Month T-Bill ETF (CLIP) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive 1-3 Month US Treasury Bill Index.

Overview

ETF tracking Global X 1-3 Month T-Bill ETF

Category International

Issuer Other

Inception Date 2023-06-21

Market Cap $1.5B

Average Volume N/A

Dividend Yield 3.50%

52-Week Range $100.04 - $100.48

VWAP $100.25

Performance

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Investment Summary

📎 Investment Objective

The Global X 1-3 Month T-Bill ETF (CLIP) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive 1-3 Month US Treasury Bill Index.

🎯 Investment Strategy

The fund invests in a portfolio of U.S. Treasury bills with remaining maturities between 1 and 3 months. By holding short-term Treasuries, the fund aims to provide low-risk exposure to the U.S. government debt market.

✨ Key Features

Invests in a portfolio of U.S. Treasury bills with maturities between 1-3 months
Designed to provide low-risk, cash-like exposure to the U.S. government debt market
Expense ratio of 0.00%, making it one of the lowest cost Treasury bill ETFs available
Suitable for investors seeking a very low-risk, cash management component in their portfolio

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline if interest rates rise
Credit risk: The risk that the U.S. government may default on its debt obligations
Liquidity risk: The fund may have difficulty selling its holdings in volatile or uncertain market conditions
Tracking error risk: The fund may not perfectly track the performance of its underlying index

👤 Best For

This ETF is best suited for conservative, risk-averse investors who are looking for a very low-risk, cash-like investment to hold as part of a diversified portfolio. It may be particularly useful for investors seeking to preserve capital or manage short-term cash needs.