US-listed · NYSE Arca · FIF-eligible (above NZ$50K)
iSharesSGOViShares 0-3 Month Treasury Bond ETF
Tracks the ICE 0-3 Month US Treasury Securities Index — ultra-short-duration US Treasury bills. Cash-equivalent yield exposure.
Updated Reviewed quarterly
About this fund
What is SGOV?
SGOV is the US-listed ticker for iShares 0-3 Month Treasury Bond ETF, issued by iShares. Tracks the ICE 0-3 Month US Treasury Securities Index — ultra-short-duration US Treasury bills. Cash-equivalent yield exposure. TER is 0.09% per year, with a trailing 12-month distribution yield of approximately 3.7%. Distributions are paid monthly.
Next typical distribution: October.SGOV typically pays every month. Most recent verified distribution: US$0.2958 per unit, ex-date 2026-07-01. Issuer sets the exact date — verify on the distribution calendar before relying on a payment date.
Platform availability
Where to buy SGOV from New Zealand
Based on each platform's advertised market coverage and fee schedule. Verify with the platform before transacting — instrument coverage can change.
| Platform | Per-trade fee | FX | Min | Notes |
|---|---|---|---|---|
 SharesiesSharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 HatchHatch | US$3 per trade (≤300 shares) | 0.5% | NZ$0 (US$1 to invest) | NZ investors who want US-only ETFs (SPY, VOO, QQQ, SCHD, JEPI) |
 StakeStake | US$0 trades | 0.70% | NZ$0 | Frequent US-share traders who hate per-trade fees |
 Interactive BrokersInteractive Brokers | From US$0.35 / trade (Tiered) or US$1 flat (Fixed) | ~0.002% (US$2 min) | US$0 | Larger portfolios, frequent traders, multi-market investors |
 Tiger BrokersTiger Brokers | US$2 flat per US trade (to 200 shares) | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Invest DirectInvest Direct | From NZ$29.90 per trade | Undisclosed margin on conversion | NZ$0 | US trading must be switched on by request, and covers a curated list of US securities — check this ticker is on it. |
 ASB SecuritiesASB Securities | NZ$30 per NZX trade | Bank rates (~1%) | NZ$0 (ASB customer) | Existing ASB customers wanting one login for banking + brokerage |
Showing 7 platforms that list this ETF. Full platform comparison: all 11 NZ brokers → · Full coverage matrix: availability matrix →
NZ tax treatment
How is SGOV taxed for NZ investors?
SGOV is US-domiciled. NZ investors apply Foreign Investment Fund rules once total overseas-share cost basis crosses the de-minimis threshold. Below it, only dividends are taxable.
The FIF de-minimis threshold is NZ$50,000(source) of overseas-share cost basis. Below it, FIF rules do not apply and only dividends are taxable.
Most NZ retail investors use Fair Dividend Rate (FDR): deemed income = 5% × opening market value × your marginal rate. Comparative Value (CV) can be lower in flat or down years.
US dividends carry 15%(source) withholding under the NZ–US tax treaty (file W-8BEN; default rate without it is 30%(source)). The withheld amount can be claimed as a foreign tax credit on your IR3.
FDR vs CV method → · PIE vs FIF comparison →
🧮 Model your own after-tax outcome
Mechanical NZ-tax calculator comparing PIE @ PIR vs FIF @ FDR vs FIF @ CV on your principal, assumed return, time horizon, PIR, and marginal rate. → Open the after-tax calculator
General information only — not personalised tax advice. Confirm your treatment with a registered NZ tax adviser before transacting.
Add up to 4 more tickers to compare TER · yield · distribution · NZ tax structure.
Similar ETFs
ETFs with similar focus to SGOV
Same asset class, issuer cousins, and exchange peers — ranked by closest match. Click any row to compare side-by-side in the multi-compare tool.
| Ticker | Name | TER | Yield | Distribution | NZ tax | Compare |
|---|---|---|---|---|---|---|
| NZB | NZ Bonds (NZB) Smartshares · NZX | 0.54% | 3.0% | Quarterly | PIE | SGOV vs NZB |
| NGB | NZ Govt Bonds (NGB) Smartshares · NZX | 0.20% | 3.1% | Quarterly | PIE | SGOV vs NGB |
| SCHZ | SCHZ Schwab · NYSE Arca | 0.03% | — | Monthly | FIF | SGOV vs SCHZ |
| HYG | HYG iShares · NYSE Arca | 0.49% | 6.0% | Monthly | FIF | SGOV vs HYG |
| BND | BND Vanguard · NASDAQ | 0.03% | 4.7% | Monthly | FIF | SGOV vs BND |
Distribution history
Recent distributions — SGOV
| Ex-date | Pay date | Per unit (USD) |
|---|---|---|
| 2026-07-01 | 2026-07-07 | US$0.2958 |
| 2026-06-01 | 2026-06-04 | US$0.2995 |
| 2026-05-01 | 2026-05-06 | US$0.2979 |
| 2026-04-01 | 2026-04-07 | US$0.2927 |
| 2026-03-02 | 2026-03-05 | US$0.2724 |
| 2026-02-02 | 2026-02-05 | US$0.3092 |
| 2025-12-19 | 2025-12-24 | US$0.3230 |
| 2025-12-01 | 2025-12-04 | US$0.3129 |
| 2025-11-03 | 2025-11-06 | US$0.3476 |
| 2025-10-01 | 2025-10-06 | US$0.3466 |
| 2025-09-02 | 2025-09-05 | US$0.3601 |
| 2025-08-01 | 2025-08-06 | US$0.3625 |
| 2025-07-01 | 2025-07-07 | US$0.3472 |
| 2025-06-02 | 2025-06-05 | US$0.3580 |
| 2025-05-01 | 2025-05-06 | US$0.3350 |
| 2025-04-01 | 2025-04-04 | US$0.3460 |
| 2025-03-03 | 2025-03-06 | US$0.3133 |
| 2025-02-03 | 2025-02-06 | US$0.3634 |
iShares typically declares two December distributions and skips a January ex-date.
Source: iShares distribution records, verified 2026-07-05. Amounts are cash distributions per unit before tax — verify against the issuer source before relying on a payment. SGOV typically distributes every month; next typical month: October.
See /calendar/distributions/ for the rolling 12-month forward calendar across all covered ETFs.
FAQ
Common questions about SGOV
What is the SGOV ETF?⌄
SGOV is the iShares 0-3 Month Treasury Bond ETF — it tracks the ICE 0-3 Month US Treasury Securities Index, holding ultra-short-duration US Treasury bills (T-bills) maturing within 0-3 months. TER is 0.09%, distributions paid monthly. Yield ~3.7% (tracks the Federal Reserve target rate closely). Functions as a cash-equivalent ETF.
Why hold SGOV as cash equivalent?⌄
Standard money-market accounts and term deposits in NZ are NZD-denominated. SGOV provides USD-denominated cash-like yield via T-bills — useful for investors holding a USD-cash position who want a yield on it (vs sitting in zero-yield broker cash). The yield resets as Fed rate decisions flow through; principal moves are minimal (T-bills are ~30-90 day duration).
Can NZ residents buy SGOV?⌄
Yes. SGOV is available via Hatch, Stake, Sharesies (US market), and Interactive Brokers. Above NZ$50,000 cost basis FIF rules apply. Note: SGOV's 3.7% yield is relatively close to the FDR rate (5%), so the FIF deemed-income tax is approximately equal to actual yield — different from longer-duration or equity ETFs where FDR diverges from actual return.
SGOV vs BIL vs USFR — alternatives?⌄
BIL (SPDR Bloomberg 1-3 Month T-Bill, 0.14% TER) is the older alternative; USFR (WisdomTree Floating Rate Treasury, 0.15% TER) holds floating-rate Treasuries instead of T-bills. SGOV is the lowest-cost option (0.09% TER). All three deliver effectively identical short-duration Treasury yield exposure.
Where to buy SGOV from New Zealand
The platforms below all support SGOV. Each link opens the platform's site directly — we don't take any payment for placement or for clicks.
Hatch
Sharesies
Interactive Brokers
Stake
Tiger BrokersFees + platform details verified against each provider's published rate card. Always check the current schedule before transacting.Full platform comparison →
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Sources for this SGOV data
The figures on this page come from the documents below. We do not pull live prices; the data is reviewed against issuer fact sheets and exchange listings (last reviewed 2026-09-05). Which figures have been checked against the issuer by machine, rather than by eye, is stated below — an unchecked figure is labelled as such rather than left ambiguous.
- ✓Total expense ratioChecked against BlackRock's own product-screener data on 2026-09-05.
- ✓Distribution yieldChecked against BlackRock's own product-screener data on 2026-09-05 (issuer figure as at 2026-09-03).Measured as trailing 12-month distributions.
Issuer product page
ishares.com/us/products/314116/ishares-0-3-month-treasury-bond-etf
Fact sheet (PDF)
ishares.com/us/literature/fact-sheet/sgov-ishares-0-3-month-treasury-bond-etf-fund-fact-sheet-en-us.pdf
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
Compare
SGOV against the alternatives
1 side-by-side comparison covering fee, yield and NZ tax wrapper. Characteristics, not recommendations.
| Comparison | The other fund | Its TER |
|---|---|---|
| SGOV vs BND | BND | 0.03% |
Related ETFs and resources
SCHZ — Schwab Intermediate Treasury
Higher-duration alternative; more rate-sensitive.
BND — Vanguard Total Bond Market
Broad bond exposure across durations and credits.
HYG — iShares High Yield Corp Bond
Higher-yield credit alternative; very different risk profile.
Best bond ETFs for NZ
Curated comparison of bond options across the duration + credit spectrum.
