F/m US Treasury 3 Month Bill Fund

TBIL

Market cap $7.09B

Exchange 2026 brought together experts and leaders from firms of all kinds to share ideas, showcase investment perspectives, and discuss the latest market innovations. Alex Morris, CEO of F/m Investments, sat down with the VettaFi team to talk about today's fixed income environment, the F/m fund lineup, and much more.

The convergence of ETFs, mutual funds, and tokenization is gaining momentum as asset managers look for ways to modernize product structures, expand distribution, and future-proof their businesses without abandoning established regulatory frameworks.

Mounting tensions in the Middle East have pushed Brent crude prices well over $100 a barrel, while Treasury yields remain stubbornly high at 4.25%. In response, ETF flows have fractured into a distinct ‘barbell' formation.

WASHINGTON--(BUSINESS WIRE)--F/m Investments ("F/m"), an $18 billion fixed income investment firm, has been named a winner at the With Intelligence Mutual Fund & ETF Awards, with the U.S. Benchmark Series receiving top honors in the ETF Suite of the Year Category. The recognition reflects the series' impact on how advisors and institutions implement Treasury exposure — and signals broader industry recognition of F/m's approach to fixed income design. The With Intelligence Mutual Fund &.

WASHINGTON--(BUSINESS WIRE)--F/m Investments ("F/m"), an $18 billion fixed income investment firm, today announced that its flagship TBIL U.S. Treasury 3-Month Bill strategy is now available in both ETF and mutual fund share classes within a single fund. Financial advisors and investors can access the same portfolio, the same performance history, and the same management team through whichever vehicle fits their needs without compromise. The launch marks the first time an ETF issuer has brought.

Strong Tower Advisory Services sold 342,799 shares of TBIL in the fourth quarter. The estimated transaction value was $17.14 million.

Obermeyer recently purchased 186,777 shares of TBIL; estimated to have a transactional value of $9.33 million, based on average pricing during the quarter. F/m Investments, the manager of the TBIL ETF, recently filed a one-of-its-kind application with the SEC, where it wants to digitally tokenize shares of the ETF.

Wealthstar Advisors sold 129,169 shares of TBIL in the fourth quarter; the estimated trade size was $6.45 million based on quarterly average prices. The transaction represented 2.8% of 13F reportable AUM.

One of the investment trends of 2025 that could continue proliferating in 2026 is real-world asset (RWA) tokenization, and it could see greater adoption in the ETF marketplace. F/m Investments, an innovator of ETF products since 2018, announced that they filed an exemptive application with the U.S.

WASHINGTON--(BUSINESS WIRE)--F/m Investments (“F/m”), an $18 billion investment firm, today filed an exemptive application with the U.S. Securities and Exchange Commission (the “SEC”) seeking permission to record ownership of tokenized shares in the F/m US Treasury 3 Month Bill ETF (TBIL) on a permissioned blockchain ledger. The application is believed to be the first filed by an ETF issuer seeking SEC relief specifically for tokenized shares of a registered investment company. "Tokenization is.