US Benchmark Series ETF Wins ETF.com Award
US Treasury 3 Month Bill ETF (TBIL) wins
Best New ETF
The US Benchmark Series, a brand of F/m Investments (“F/m”),
announces US Treasury 3 Month Bill ETF (TBIL) has won the ETF.com
Award for Best New ETF. The US Benchmark Series is a family of US
Treasury ETFs designed to simplify access to the US Treasury
market. Each ETF holds the most current (‘on the runi’) US Treasury
security that corresponds to its tenor.
“We are thrilled the public recognizes the value and importance
of the US Benchmark Series since its launch in August,” said Alex
Morris, F/m’s President, CIO, and Co-Creator of the US Benchmark
Series. “For TBIL to be recognized in this manner, it shows the
great work that the US Benchmark Series team has done to provide
such an efficient and high-quality suite of products to the
TBIL: With rising interest rates in 2022/2023, investors sought
for a way to easily participate and invest in the yield curve -
specifically the short-end of the curve. The innovation by F/m
Investments and their affiliate US Benchmark Series created the US
Treasury 3 Month Treasury Bill (Ticker TBIL), which gave traders,
investors, and hedgers something they had never been able to do:
easily access the 3-month treasury market and trade options on it.
The TBIL ETF is one of four ETFs launched by F/m Investments’ US
Benchmark Series offering the first single-bond ETF. Each new
single security ETF holds the current “on-the-run” treasury
security at each of the key tenors. This means institutions and
retail investors don’t have to deal with the time and cost of
rolling their treasuries at auctions and they’re always on the
yield curve. The demand for TBIL was high since launching in August
with an AUM increase of 837% by December 31st. The investment
objective of the 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 ICE BofA US 3-Month Treasury Bill Index.
i 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 the US Benchmark
The US Benchmark Series allows investors of all sizes to own
each of the “Benchmark” US Treasuries in a single-security ETF.
Each Fund 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 is a $4 billion multi-boutique investment advisor platform,
designed to support 100% of non-investment responsibilities of an
asset management firm. F/m empowers growth and independence for
boutiques, lift-outs and overseas asset managers looking to access
the US market. F/m provides portfolio managers with
institutional-grade investment systems, business operations and
marketing and sales support, enabling talented managers to focus on
what they do best: managing investments and delivering performance.
For more information, please visit www.fm-invest.com.
For more information and methodology visit ETF.com/awards.
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
version on businesswire.com: https://www.businesswire.com/news/home/20230504005346/en/
Rex Carlin Lyceus Group 206.635.4196 firstname.lastname@example.org
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