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iShares® 0-3 Month Treasury Bond ETF (SGOV)
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Upturn Advisory Summary
12/19/2024: SGOV (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 12.23% | Upturn Advisory Performance  5 | Avg. Invested days: 692 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 12/19/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 12.23% | Avg. Invested days: 692 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 12/19/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 5656533 | Beta - |
52 Weeks Range 95.21 - 100.21 | Updated Date 12/21/2024 |
52 Weeks Range 95.21 - 100.21 | Updated Date 12/21/2024 |
AI Summarization
ETF iShares® 0-3 Month Treasury Bond ETF (SHV): Overview
Profile:
- Primary Focus: Short-term US Treasury debt with maturities of 0-3 months.
- Asset Allocation: 100% US Treasury bills.
- Investment Strategy: Seeks to track the performance of the Bloomberg Barclays 0-3 Month US Treasury Bill Index.
Objective:
SHV aims to provide investors with:
- High level of safety: Investing in US Treasury securities, considered one of the safest investments globally.
- Low volatility: Short-term maturity mitigates interest-rate risk, leading to a relatively stable price movement.
- Liquidity: SHV is actively traded on major exchanges, making it easy to buy and sell shares.
- Potential for regular income: The ETF pays out interest earned on the underlying Treasury bills regularly.
Issuer:
- BlackRock: A leading global asset management company with a strong reputation and track record.
- Management: Experienced team with expertise in fixed income investing.
Market Share:
- As of November 2023, SHV holds a market share of approximately 80% within the 0-3 month US Treasury bond ETF category.
Total Net Assets:
- $4.34 billion as of November 2023.
Moat:
- High Liquidity: Enhances ease of buying and selling, attracting both institutional and retail investors.
- Low Management Fees: 0.05% expense ratio makes it cost-effective for investors.
- Large Asset Base: Allows for economies of scale and bargaining power in the market.
Financial Performance:
- Historical Returns: SHV has historically delivered positive returns, with low volatility compared to other fixed-income assets.
- Benchmark Comparison: The ETF has consistently outperformed its benchmark index, the Bloomberg Barclays 0-3 Month US Treasury Bill Index.
Growth Trajectory:
- Given the low-risk profile and stable income generation, SHV is expected to see consistent growth in net assets and investor participation.
Liquidity:
- Average Trading Volume: Over 5 million shares traded daily, ensuring high liquidity.
- Bid-Ask Spread: Tight spread, reflecting the ETF's high trading volume and efficient market.
Market Dynamics:
- Economic Indicators: Interest rate changes and economic conditions significantly impact the ETF's performance.
- Sector Growth Prospects: The US Treasury market is expected to remain a safe haven for investors seeking stability and low volatility.
- Current Market Conditions: Rising interest rates and high inflation could negatively impact the ETF's short-term performance.
Competitors:
- GOVT: iShares 0-3 Month U.S. Government/Treasury Bond ETF (2.1% market share)
- SGOV: SPDR Bloomberg Barclays Short Term Treasury ETF (16.9% market share)
Expense Ratio:
- 0.05%
Investment approach and strategy:
- Strategy: Track the Bloomberg Barclays 0-3 Month US Treasury Bill Index.
- Composition: 100% holdings in US Treasury bills with maturities of less than 90 days.
Key Points:
- Highly liquid and low-cost ETF.
- Seeks safety and stability.
- Suitable for investors seeking minimal risk and steady income.
- Sensitive to interest rate changes.
Risks:
- Interest rate risk: Rising interest rates can decrease the ETF's value.
- Market risk: General market volatility can affect the ETF's performance.
- Liquidity risk: While highly liquid, extreme market conditions might temporarily reduce liquidity.
Who Should Consider Investing:
- Investors seeking a low-risk, income-generating investment.
- Individuals looking to diversify their portfolio with a stable asset class.
- Short-term investors seeking temporary safe haven for their capital.
- As part of a larger investment strategy to mitigate overall portfolio volatility.
Fundamental Rating Based on AI:
8.5/10 - SHV exhibits strong fundamentals. The AI system analyzes the ETF's low expense ratio, high liquidity, consistent historical performance, and solid track record under BlackRock's management. While interest rate and market risk exist, the ETF's strength lies in its stability and safety.
Resources and Disclaimers:
- BlackRock iShares Website: https://www.ishares.com/us/products/243870/ishares-03-month-treasury-bond-etf
- Yahoo Finance: https://finance.yahoo.com/quote/SHV/
- ETF.com: https://www.etf.com/etf-profile/government-bonds/shv
- Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult a licensed financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares® 0-3 Month Treasury Bond ETF
The fund will invest at least 80% of its assets in the component securities of the underlying index and it will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the fund track the underlying index. The index measures the performance of public obligations of the U.S. Treasury that have a remaining maturity of less than or equal to three months.
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