AUS-BIL invests in very short 3-month T-Bills issued in Australia. T-Bills are a very safe form of interest-bearing cash similar to bonds and issued by the government.
BIL in other markets
Individual asset behavior on normal rebalancing timeframes
Tickers are sorted by financial market and fund provider. While index funds are convenient option for holding invested cash, investors can also choose to purchase T-Bills directly from the government.