Is SGOV an ETF or mutual fund

**Answer in one line:** SGOV is an exchange-traded fund (ETF), not a traditional open-end mutual fund. 📈 --- ### Why it’s classified as an ETF 1. Ticker & structure • Its full name—**“iShares 0-3 Month Treasury Bond ETF”**—and the “ETF” label confirm it’s designed to trade on an exchange just like a stock. 2. Daily trading & intraday pricing • Unlike mutual funds, which price just once at the market close, SGOV can be bought or sold throughout the trading day at real-time market prices—ideal for tactical cash management. 3. Expense & transparency • SGOV charges a low expense ratio (0.09%) and discloses its holdings daily, typical of ETFs. 4. Creation/redemption mechanism • Authorized participants can create or redeem large baskets of SGOV shares in exchange for the underlying Treasury bills, keeping its market price tightly aligned with net asset value (NAV)—a hallmark of the ETF structure. --- ### Practical takeaway for you ⚖️ • With your upcoming January withdrawal, SGOV’s intra-day liquidity and near-zero duration risk make it a handy “parking lot” for cash—you can exit at any moment without waiting for end-of-day NAV strikes (as you would with most money-market mutual funds). • If you ever do prefer a mutual-fund wrapper (e.g., for automatic sweep features), consider Vanguard’s Treasury Money Market Fund (VUSXX) as a peer, but remember it settles once per day and may require higher minimums. --- **Next step ➡️** Would you like a quick comparison of SGOV versus a top Treasury money-market fund (VUSXX) so you can see which better matches your liquidity and yield needs? 💬