F/m Accumulator ETF Series
Built to grow, not distribute.
The Accumulator Series is a line of tax-aware ETFs designed for taxable investors who want market exposure — not a recurring income payout.
Traditional funds distribute income on their own schedule, creating taxable events, reinvestment decisions, and potential cash drag. Accumulator takes a different approach: total-return exposure designed to keep more of the return compounding inside the ETF by seeking to avoid recurring fund distributions.
The result is a structure built around control. You decide when to recognize gains — not the distribution calendar — with the simplicity and liquidity of an ETF.
Many taxable investors want the exposure, not necessarily the payout. The Accumulator Series is built for that distinction.
Why the Accumulator Series?
Income Deferral = Lower Current Taxes
Converts monthly interest income into unrealized capital gains.
Capital Gains Over Ordinary Income
Reduces exposure to ordinary income taxed at marginal tax rates.
Strategic Tax Flexibility
Investor chooses when to realize gains/losses, allowing for broad portfolio tax optimization.
Enhanced Compounding Power
Retains and reinvests what would have been paid in taxes.
Familiar Exposure, Distribution-Aware Structure
Provides the kind of exposure investors already rely on — through a structure designed to reduce recurring distributions, so more return stays invested.
Minimizes Withholding Taxes For Non-US Investors
Strategically avoids interest income distributions that trigger U.S. withholding.
Frequently Asked Questions
What is the Accumulator Series?
The Accumulator Series is a line of tax-aware ETFs from F/m Investments designed for taxable investors who want market exposure without a recurring income payout. Rather than distributing income on a fixed schedule, the structure is designed to keep more of the return compounding inside the ETF by seeking to avoid recurring fund distributions, so investors retain more control over when they recognize gains.
How are Accumulator ETFs different from traditional bond or income ETFs?
Traditional income-oriented ETFs typically distribute income on a regular schedule, which can create recurring taxable events and reinvestment decisions for investors in taxable accounts. Accumulator ETFs take a different approach: they seek to avoid recurring fund distributions so more of the return stays invested inside the fund, with the simplicity and liquidity of a standard ETF.
Who are Accumulator ETFs designed for?
Accumulator ETFs are designed primarily for investors building tax-aware portfolios in taxable accounts. They may also fit high-net-worth and long-term investors in accumulation mode who want exposure to an asset class without the assumption of a recurring income distribution.
How do Accumulator ETFs handle taxes?
Accumulator ETFs are designed to avoid recurring fund distributions, which may give taxable investors greater control over the timing of when they recognize gains. This is a tax-aware structural approach, not a tax exemption — investors should consult their own tax advisor, as individual outcomes depend on personal circumstances.
What exposures does the Accumulator Series offer?
The Accumulator Series is built as an asset-class-agnostic platform, applying the same "built to grow, not distribute" approach across different exposures as the lineup expands. Each fund is designed to deliver a specific market exposure in a total-return structure designed to keep more of the return compounding inside the ETF rather than paying it out through recurring distributions.
Fund Risks:
Active Management Risk. The Fund is actively managed using proprietary investment strategies and processes. There can be no guarantee that these strategies and processes will be successful or that the Fund will achieve its investment objective. Affiliated Fund Risk. Affiliated fund risk is the risk that the Adviser may select Underlying Funds and/or investments for the Fund based on its own financial interests or other business considerations rather than the Fund's interests. The Adviser may be subject to potential conflicts of interest in selecting the Underlying Funds because affiliated Underlying Funds pay an advisory fee to the Adviser based on their assets, the fees paid to the Adviser by some affiliated Underlying Funds may be higher than other Underlying Funds or the Underlying Funds may be in need of assets to enhance their appeal to other investors, liquidity and trading and/or to enable them to carry out their investment strategies. However, the Adviser is a fiduciary to the Fund and is legally obligated to act in the Fund's best interest when selecting Underlying Funds. Concentration Risk. The Fund may be susceptible to an increased risk of loss, including losses due to adverse events that affect the Fund's investments more than the market as a whole, to the extent that the Fund's investments are concentrated in a particular issue, issuer or issuers, country, market segment, or asset class. Credit Risk. The value of your investment in the Fund may change in response to changes in the credit ratings of the Fund's portfolio securities, including with respect to Underlying Funds. Generally, investment risk and price volatility increase as a security's credit rating declines. The financial condition of an issuer of a fixed income security held by such Fund or an Underlying Fund may cause it to default or become unable to pay interest or principal due on the security. Fund of Funds Risk. Because it invests primarily in other funds, including ETFs, the Fund's investment performance largely depends on the investment performance of the selected Underlying Funds. The Fund is indirectly exposed to all of the risks of an investment in an Underlying Fund. In addition, at times, certain of the segments of the market represented by an Underlying Fund in which the Fund invests may be out of favor and underperform other segments. The Fund will also bear the proportionate share of the fees and expenses of an Underlying Fund in which it invests, which can result in higher expenses. Interest-Rate Risk. 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. Changes in the value of a debt instrument usually will not affect the amount of income the Fund receives from it but will generally affect the value of your investment in the Fund. New Fund Risk. The Fund is a newly-organized management investment company with a limited operating history.