F/m Investments (“F/m”), a $20 billion fixed income investment firm, today announced that as of July 24, 2026 the firm’s ETF platform has surpassed $10 billion in assets, less than four years after launching its first ETF. F/m entered the ETF market in 2022 with the U.S. Benchmark Series, anchored by TBIL, the F/m US Treasury 3 Month Bill ETF, the first suite of single-security US Treasury ETFs. TBIL alone now holds approximately $7.2 billion (as of July 24, 2026). Since then, F/m has expanded the platform to more than 20 ETFs, including its newest ETF SGVA, the F/m Accumulator Ultrashort Treasury ETF. As a potential solution for investors concerned about current inflation trends, SGVA has surpassed TBIL at this stage, reaching $100 million 14 days after its launch in June.

“The US Treasury market is one of the most important fixed income market in the world, and it was surprisingly hard to use,” said Alexander Morris, CEO of F/m Investments. “Our thesis behind the U.S. Benchmark Series was: we could fix. If you wanted the three-month bill, you should be able to buy the three-month bill, at a price you understand, in an account you already have. Ten billion dollars is a reasonable answer to whether that was a real problem.”

Earlier this year, the firm became the first ETF issuer to launch a live dual share class fund under the SEC’s modern exemptive framework, giving investors the flexibility to access the same investment strategy through either ETF or mutual fund shares. F/m also filed the industry’s first SEC application to permit tokenized shares of a registered ETF.

“Our product development philosophy has always been straightforward: identify where investors face unnecessary complexity or inefficiency and build an ETF to solve that problem,” said David Littleton, President of F/m Investments. “Whether we’re giving investors precise access to a point on the Treasury yield curve, collapsing a multi-step trade into a single ticker, or developing more tax-efficient ways to access fixed income markets, every strategy we launch begins with a specific investor need in mind.”

Over the past year, F/m has earned broad industry recognition, including being named MMI/Barron’s Asset Manager of the Year in the Retail Advisory AUM under $25 billion category,1 received ETF Suite of the Year honors from the With Intelligence Mutual Fund & ETF Awards for its U.S. Benchmark Series,2 and earned its second consecutive ThinkAdvisor Luminaries Award for Product or Service Innovation.3

1. On October 16, 2025, F/m Investments was named by MMI/Barron’s Industry Awards as Asset Manager of the Year (Retail Advisory AUM < $25B) for 2025. No compensation was provided to MMI/Barron’s to obtain inclusion on the list, but there is a licensing fee to utilize the MMI/Barron’s Industry Awards logo in marketing materials. Criteria may not be directly related to the quality of investment advice provided. If you’re curious, the full methodology can be found on https://www.mminst.org/mmibarrons-industry-awards-2025-finalists.

2. On February 25, 2026, F/m Investments was awarded by With Intelligence as ETF Suite of the Year, Fund Innovation of the Year, and Fixed Income ETF of the Year. No fee was required for award consideration. Criteria may not be directly related to the quality of investment advice provided. Learn more about categories and criteria here https://awards.withintelligence.com/mutualfundandetfawards/en/page/category-and-criteria. This is for informational purposes only and should not be considered as investment advice, as a recommendation of any particular strategy or investment product.

3. On December 4, 2025, F/m Investments was named by ThinkAdvisor Asset Managers Firm Award – Innovation for 2025. Criteria may not be directly related to the quality of investment advice provided. The full methodology can be found at https://event.thinkadvisor.com/luminaries-awards/criteria.

About F/m Investments

F/m Investments, founded in 2018, is an independent asset management firm focused on fixed income and a recognized innovator in exchange-traded funds (ETFs). The firm offers a growing suite of ETFs, as well as mutual funds and separately managed account strategies, designed to meet the evolving needs of financial advisors, institutions, and individual investors. For more information, please visit www.fminvest.com.

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. 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:

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. 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).

Distributed by Quasar Distributors, LLC

Media gallery

About The Author
Business Wire