TBIL: Real Return On Capital In Uncertain Times

2026-06-12 13:50:17 ET

The F/m US Treasury 3 Month Bill Fund ETF ( TBIL ) is an excellent cash substitute. As its name suggests, it only invests in US Treasury 3-Month Bills. This means it has extremely low-interest rate risk, or in fixed income parlance, duration. Currently, 3-month T-Bills pay an annualized interest rate of about 3.8% right now, which is likely higher than your bank deposit. Of course, don't forget to subtract the annual expense ratio of 0.15%. So net, let's say that's about 3.65%, which is a bit higher than core CPI inflation. So this works well as a preservation of wealth, a positive real interest rate, better than cash in the bank or under your mattress....

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