Warren Buffett highlighted in the company's AGM that he sees accumulating cash and cash equivalents as a more favorable option than investing in additional stocks. Warren Buffett prefers building cash reserves over investing in stocks due to market conditions. TBIL has extremely low volatility risk and duration risk, it is a great cash diversifier for any portfolio to mitigate downside risk.
The US Treasury 3 Month Bill ETF is a fixed income exchange-traded fund. TBIL fund composition includes only AAA rated T-Bills with 30-day SEC yield of 5.11%. TBIL has slightly edged out similar funds (SGOV, BIL) since the Federal Reserve raised interest rates.