By investing in short-term U.S. Treasury bills, CLIP offers an interest-bearing alternative to cash, with potentially lower credit and rate risk relative to other fixed income options.

U.S. Treasury obligations provide potential tax efficiencies in which interest earned is exempt from state and local taxes.¹

At a 0.07% expense ratio, CLIP provides exposure to a basket of U.S. Treasury bills with shorter maturities and monthly distributions. - all in one trade.