F/m Investments’ US Benchmark Series raises
$4.25 billion since August 2022
F/m Investments LLC (“F/m”) announces The US Treasury 3 Month
Bill ETF (Ticker: TBIL) has crossed the $3 billion threshold
in assets, highlighting investors' demand for innovative ways to
access the short end of the yield curve. TBIL and the nine
additional ETFs that comprise the US Benchmark Series give
investors access to US Treasuries at 10 specific points across the
US Treasury yield curve.
Each ETF in the US Benchmark Series holds the most current (“on
the run[1]”) US Treasury security that corresponds to its tenor.
The 10 ETFs in the Series are:
- The US Treasury 3 Month Bill ETF (TBIL)
- The US Treasury 6 Month Bill ETF (XBIL)
- The US Treasury 12 Month Bill ETF (OBIL)
- The US Treasury 2 Year Note ETF (UTWO)
- The US Treasury 3 Year Note ETF (UTRE)
- The US Treasury 5 Year Note ETF (UFIV)
- The US Treasury 7 Year Note ETF (USVN)
- The US Treasury 10 Year Note ETF (UTEN)
- The US Treasury 20 Year Bond ETF (UTWY)
- The US Treasury 30 Year Bond ETF (UTHY)
The Series has raised more than $4.25 billion in total in the 18
months since launch, confirming investor demand for a better way to
invest in US Treasury securities.
“TBIL’s continued growth highlights investors’ appetite for easy
access to safety and yield at the short end of the curve,” said
Alexander Morris, F/m’s President, and CIO. “In a market inundated
recently by novel asset classes and even cryptocurrencies, the US
Benchmark Series ETFs – both short and longer durations – are
attracting assets from investors seeking duration exposure with the
clarity and precision that these ETFs enable.”
While TBIL remains the most recognized of F/m’s products, it’s
not their most recent innovation. Consistent with F/m’s mission to
provide a set of tools that investors can use to build portfolios
with precision and efficiency, F/m in January launched the US
Credit Series, a suite of ETFs that track the industry’s first
investable index in investment grade credit.
“We launched TBIL and the US Benchmark Series to bring
efficiency and simplicity to US Treasury investing, but our goal
was always larger,” said Pete Baden, senior portfolio manager and
co-creator of the US Benchmark Series. “It’s our mission to build
institutional quality, precise, diversified portfolios with the
ease and efficiency of ETFs.”
As part of F/m’s mission to expand access for investors, they
recently filed a novel exemptive application with the U.S.
Securities and Exchange Commission (the “SEC”) seeking an order
that would permit each of the ETFs in the US Benchmark Series to
offer a mutual fund share class. The exemptive relief requested by
the application is the first of its kind in the ETF industry and,
if granted by the SEC, has the potential to make the US Benchmark
Series accessible to investor segments that today can only access
mutual funds.
[1] This periodic transition to the
most-recently auctioned Treasury bill, note, or bond of a stated
maturity, which is referred to as the “on-the-run” or “OTR”
security of that maturity, occurs on one day. An OTR security is
the most recently issued of a periodically issued security (as
opposed to an off-the-run security, which is a security that has
been issued before the most recent issue and is still
outstanding).
__________________________
About US Treasury 3 Month Bill
ETF
The investment objective of the US Treasury 3 Month Bill ETF is
to seek investment results that correspond (before fees and
expenses) generally to the price and yield performance of the ICE
BofA US 3-Month Treasury Bill Index (G0O1)
About The US Benchmark
Series
The US Benchmark Series allows investors of all sizes to own
each of the “Benchmark” US Treasuries in a single-security ETF.
Each ETF holds the most current (“on the run”) US Treasury security
that corresponds to its stated tenor. For more information, please
visit www.ustreasuryetf.com.
About F/m Investments
F/m Investments is a $6 billion multi-boutique investment firm
providing diversified investment strategies to advisors and
institutional investors across asset classes, markets, and styles.
For more information, please visit www.fminvest.com.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
Fund, please call (888)123-4589 or visit our website at
www.fminvest.com. Read the prospectus or summary prospectus
carefully before investing.
Disclosures:
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
Fund, please call 1-800-617-0004 or visit our website at
www.ustreasuryetf.com. Read the prospectus or summary prospectus
carefully before investing.
As with all ETFs, Shares may be bought and sold in the secondary
market at market prices. Interest rate risk is the risk of losses
attributable to changes in interest rates. In general, if
prevailing interest rates rise, the values of debt instruments tend
to fall, and if interest rates fall, the values of debt instruments
tend to rise.
Fund Risks: The UST 3 Month Bill Fund may be susceptible
to an increased risk of loss, including losses due to adverse
events that affect the UST 3 Month Bill Fund’s investments more
than the market as a whole, to the extent that the UST 3 Month Bill
Fund’s investments are concentrated in a particular issue, issuer
or issuers, country, market segment, or asset class. While U.S.
Treasury obligations are backed by the “full faith and credit” of
the U.S. Government, such securities are nonetheless subject to
credit risk (i.e., the risk that the U.S. Government may be, or be
perceived to be, unable or unwilling to honor its financial
obligations, such as making payments).
ICE BofA US 3-Month Treasury Bill Index is comprised of a
single issue purchased at the beginning of the month and held for a
full month. At the end of the month that issue is sold and rolled
into a newly selected issue. The issue selected at each month-end
rebalancing is the outstanding Treasury Bill that matures closest
to, but not beyond, three months from the rebalancing date. To
qualify for selection, an issue must have settled on or before the
month-end rebalancing date.
Investments involve risk. Principal loss is possible.
Distributed by Quasar Distributors, LLC
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Tucker Slosburg Lyceus Group 206.635.4196
fmpr@lyceusgroup.com
Grafico Azioni US Treasury ETF (NASDAQ:TBIL)
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Da Nov 2024 a Dic 2024
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Da Dic 2023 a Dic 2024
