iShares 0-3 Month Treasury Bond

SGOV, the iShares 0-3 Month Treasury Bond ETF, BlackRock's fund holding US Treasury bills that mature within three months, tracking the ICE 0-3 Month US Treasury Securities Index. Because the bills keep rolling over, what the fund earns follows short-term US interest rates almost at once. BlackRock launched it in May 2020. SGOV here is a Robinhood Stock Token from Robinhood Assets (Jersey) Limited, backed by fund shares held at Alpaca Securities; the income is reinvested into more shares and shows up as a rising multiplier on the token balance.