TBIL F/m US Treasury 3 Month Bill Fund
Quote as of Aug 26, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 50.00 | Day Range | 50.00 – 50.00 |
| 52-Week Range | 49.84 – 50.02 | Volume | 1.38M |
| Avg Volume | 1.80M | AUM | $7.22B (Aug 27, 2026) |
| Expense Ratio | 0.15% | Yield (TTM) | 3.68% |
| NAV | 49.99 | Premium/Discount | +0.02% indicative |
| Inception | Aug 09, 2022 | Holdings | 5 |
| Issuer | F/m | Exchange | NASDAQ |
| Category | Treasury Bonds | Index Tracked | Not stated in source data |
| CUSIP | 74933W452 | ISIN | US74933W4520 |
| Management | Passive / index-tracking (per issuer description) | ||
About this ETF
TBIL is part of the first single-bond ETF suite. The fund is a tool used in portfolio management. The fund tracks an index that holds just the on-the-run 3-month US T-Bills, which are the most recently issued and most liquid. The index purchases a single issue which will be held for a full month. At each month-end rebalancing, the underlying issue is sold and rolled into a newly selected issue, given that there has been a new public sale or auction by the US Government for 3-month T-Bills. The fund pays transaction costs when it buys and sells securities. These costs are not reflected in the annual fund operating expenses and should be expected. The fund will experience a very high turnover. This may result in higher taxes, as compared to other ETFs, if the shares are held in a taxable account. Prior to April 7, 2025, the fund tracked the ICE BofA US 3-Month Treasury Bill Index. Effective July 1, 2025, the fund added F/m to its name, and on February 10, 2026, replaced ETF with fund.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +0.02% | +0.04% | +0.02% | +0.24% | +0.06% | -0.03% | — | — | +0.11% |
| Total return | +0.32% | +0.95% | +1.85% | +2.40% | +3.86% | +4.53% | — | — | +4.36% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.15% | Annual cost of a $10,000 investment | $15.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 25, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 5 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | United States Treasury Bill 10/29/2026 | — | 38.29% | 0 | $2.76B |
| 2 | United States Treasury Bill 11/19/2026 | — | 22.71% | 0 | $1.64B |
| 3 | United States Treasury Bill 11/05/2026 | — | 21.62% | 0 | $1.56B |
| 4 | United States Treasury Bill 11/12/2026 | — | 17.37% | 0 | $1.25B |
| 5 | Cash & Other | — | 0.00% | 0 | $95.1K |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 3.68% | Paid (last 12 months) | $1.8415 |
| Frequency | Monthly | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Jul 28, 2026 | Last payment | $0.1500 (Jul 29, 2026) |
| Growth 1Y | -16.43% | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Jul 28, 2026 | Jul 28, 2026 | Jul 29, 2026 | $0.1500 |
| Jun 29, 2026 | Jun 29, 2026 | Jun 30, 2026 | $0.1469 |
| May 28, 2026 | May 28, 2026 | May 29, 2026 | $0.1472 |
| Apr 28, 2026 | Apr 28, 2026 | Apr 29, 2026 | $0.1470 |
| Mar 30, 2026 | Mar 30, 2026 | Mar 31, 2026 | $0.1472 |
| Feb 26, 2026 | Feb 26, 2026 | Feb 27, 2026 | $0.1501 |
| Jan 29, 2026 | Jan 29, 2026 | Jan 30, 2026 | $0.1550 |
| Dec 30, 2025 | Dec 30, 2025 | Dec 31, 2025 | $0.1529 |
| Dec 02, 2025 | Dec 02, 2025 | Dec 03, 2025 | $0.1520 |
| Nov 03, 2025 | Nov 03, 2025 | Nov 04, 2025 | $0.1558 |
| Oct 01, 2025 | Oct 01, 2025 | Oct 02, 2025 | $0.1639 |
| Sep 02, 2025 | Sep 02, 2025 | Sep 03, 2025 | $0.1736 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 0.28% / 0.32% | Sharpe 1Y / 3Y | 0.563 / 2.62 |
| Max drawdown 1Y / 3Y | -0.02% / -0.02% | Sortino 1Y | 2.47 |
| Beta vs S&P 500 (3Y) | 0 | Correlation vs S&P 500 (1Y) | -0.347 |
| Downside deviation 1Y | 0.07% | Risk-free rate used | 3.72% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 26, 2026. Formulas →
Liquidity
| Volume today | 1.38M | Average volume | 1.80M |
| AUM | $7.22B | Premium/Discount | +0.02% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$15.7M | -0.22% | $7.24B → $7.22B |
| 1 Week | -$39.6M | -0.55% | $7.25B → $7.22B |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for TBIL
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.