Wealthy PotSGOV Review (2026)
A 0.09% expense ratio and almost pure T-bill income, which is the most state-tax-efficient way to hold cash
By Wealthy Pot · Last updated September 2026
Who SGOV is for
Taxable investors in high-tax states who will park cash for a while and do not need instant sweep access
Yield, fees & minimum
iShares 0-3 Month Treasury Bond ETF (SGOV) is an exchange-traded fund from iShares (BlackRock) holding treasury securities, with a 0.09% expense ratio and a One share (about $100) minimum. Its 30-day SEC yield (3.65% (30-day SEC yield, 2026-09-17)) moves with short-term rates — confirm the current figure on the official page. State tax: holds only short-dated u.s. treasury bills, so nearly all income is typically exempt from state and local tax. It is not an automatic sweep — you buy and sell it yourself. Because it trades on an exchange, its share price floats rather than holding at $1.00, it can trade slightly above or below net asset value, and a sale settles on the normal trade-settlement cycle instead of being available the same day.
The bottom line
A 0.09% expense ratio and almost pure T-bill income, which is the most state-tax-efficient way to hold cash Main drawback: trades like a stock: the price floats, you must place orders, settlement takes a day, and the monthly distribution makes the price sawtooth.
Compare SGOV with…
See how SGOV stacks up in our money-market fund comparison, or compare FDIC-insured options in our high-yield savings guide.
We summarize the fund's published facts, not user reviews. 7-day yields are variable, change daily, and are re-checked against iShares (BlackRock)'s official page. Money-market funds are not FDIC-insured and, while low-risk, can lose value in extreme conditions. Some outbound links may be affiliate links — that never affects which funds we include or how we rate them. Nothing here is financial advice.