SGVA gives taxable investors Ultrashort Treasury exposure with investment gains compounding inside the fund, eliminating reinvestment inefficiencies and current taxable income caused by traditional distributions.
WASHINGTON, D.C. — [June 11, 2026] — F/m Investments (“F/m”), a $19 billion fixed income investment firm,1 today launched the F/m Accumulator Ultrashort Treasury ETF (NASDAQ: SGVA) — the first fund in its new Accumulator Series. The Accumulator Series is an actively managed ETF lineup built to deliver total return, without recurring distributions to reinvest and without the current taxable income those distributions create.
“Most investors who want Treasury exposure don’t need a distribution; they need total return,” said Alexander Morris, CEO of F/m Investments. “Accumulator ETFs give them the beta they’re targeting, with investment returns compounding more efficiently inside the fund.”
SGVA is an ultrashort Treasury ETF designed to provide exposure to U.S. Treasury securities with maturities of 0 to 12 months. The portfolio team adds a tax-aware structure to the fund by rotating its underlying Treasury ETFs to avoid receiving dividend distributions. This allows returns to grow inside the ETF rather than flow out as taxable income.
The Accumulator Series is actively managed rather than index-based. Active management empowers the portfolio team to choose which underlying Treasury ETFs to hold at any given time, optimizing for cost and execution without being bound to a rebalancing calendar that could increase costs and decrease overall efficiency.
“SGVA gives investors a straightforward way to access ultrashort Treasury exposure,” said Peter Baden, CFA, Portfolio Manager at F/m Investments. “The goal is simple: deliver the asset class exposure cleanly and let compounding do the rest.”
Additional Accumulator funds, targeting other income-oriented asset classes, are expected to follow.
This launch sits alongside the U.S. Benchmark Series and the firm’s ongoing work in dual share class structures and tokenization.
- As of April 30, 2026
Beta: A measure of an investment's sensitivity to movements in the broader market.
Tokenization: The process of recording ownership of traditional securities on a blockchain ledger instead of conventional databases, enabling faster settlement and operational efficiencies while maintaining existing regulatory protections.