Overview
The investment objective of the F/m US Treasury 3 Month Bill ETF (the “UST 3 Month Bill Fund”) is to seek investment results that correspond (before fees and expenses) generally to the price and yield performance of the Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index.
Additional Details
What Is the Dual Share Class Structure?
F/m's dual share class structure lets you access TBIL through whichever vehicle works best for your situation—without changing the underlying investment. Whether you prefer the tax efficiency and trading flexibility of an ETF or the platform familiarity of a mutual fund, you're investing in the same portfolio with the same performance history.
This is the first live implementation of a dual share class fund by an ETF issuer, designed to eliminate the traditional tradeoff between wrapper and strategy.
What are the Benefits for an Advisor?
A client in a brokerage account and a client in a retirement plan can now hold the same 3-Month Treasury bill strategy—one through the ETF (TBIL), the other through the mutual fund share class (TBFMX)—without the advisor managing separate products or reconciling performance differences.