F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL US)
RBIL US$50.01
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 50.01
- Change
- ▲ 0.02 (0.04)
- Bid / Ask
- 50.00 - 50.18
- Volume
- 1,533
- Turnover
- 44,996
- Open
- 49.99
- Day Range
- 49.98 - 50.01
- VWAP
- 50.00
- Prev Close
- 49.99
- Last Trade
- 28/10 3:52pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$174.9M
OCT 2026
Distributions
Monthly
Since inception
1.7 yrs
FEB 2025
- Legal name
- F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF
- Issuer
- F/m investments, LLC
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Index fund
- Morningstar category
- Short-Term Inflation-Protected Bond
- Category index
- Bloomberg U.S. Treasury TIPS 1-5Y TR USD
- Benchmark
- Bloomberg US US TIPS 1-13M Unhgd TR USD
- ETF net assets
- $174.9M
- Units on issue
- 3.5M
- Management fee
- 0.17% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 24 FEB 2025
- Listed
- 25 FEB 2025
Objective and strategy
The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of the Bloomberg U.S. Ultrashort TIPS 1-13 Months Total Return Unhedged USD Index (I39232US). The index measures the performance of U.S. Treasury Inflation-Protected Securities (“TIPS”) with maturities from 1 month up to (but not including) 13 months. Under normal market conditions, F/m Investments LLC seeks to achieve the fund’s investment objective by investing at least 80% of the fund’s net assets in TIPS with maturities of 1-13 months. The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 0.00%Non-US equity 0.00%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 0.00 | 0.00 | 0.00 |
| Bond | 75.08 | 75.08 | 0.00 |
| Cash | 24.68 | 24.83 | 0.14 |
| Other | 0.23 | 0.23 | 0.00 |
Top holdings · top 10 = 100.00% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| United States Treasury Notes 0.13% | 25.09 | — | 42.1M | USD | 42.6M | — | United States | |
| United States Treasury Notes 1.63% | 24.90 | — | 41.8M | USD | 42.1M | — | United States | |
| United States Treasury Notes 0.38% | 24.70 | — | 41.5M | USD | 41.9M | — | United States | |
| United States Treasury Notes 0.38% | 17.60 | — | 29.5M | USD | 29.6M | — | United States | |
| United States Treasury Bonds 2.38% | 7.43 | — | 12.5M | USD | 12.4M | — | United States | |
| OTHER ASSETS AND LIABILITIES | 5.01 | — | 8.4M | USD | 8.4M | — | — | |
| US DOLLARS | -4.74 | — | -8.0M | USD | 8.0M | — | — | |
| U.S. Bank Money Market Deposit Account | 0.01 | — | 24,147 | USD | 24,147 | — | — |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
0.3
3M
1.0
6M
1.8
YTD
3.3
1Y
3.9
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | 0.35 | 0.46 | 0.37 | 9 / 68 |
| 3 months | 0.97 | 1.07 | 1.03 | 9 / 68 |
| 6 months | 1.80 | 1.76 | 1.93 | 10 / 67 |
| Year to date | 3.30 | 3.44 | 3.50 | 5 / 66 |
| 1 year | 3.91 | 4.03 | 4.17 | 1 / 65 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -0.47 | — | — | — |
| Beta | -0.09 | — | — | — |
| R-squared | 17.71 | — | — | — |
| Standard deviation | 0.88 | — | — | — |
| Sharpe ratio | 0.04 | — | — | — |
| Sortino ratio | 0.07 | — | — | — |
| Tracking error | 4.53 | — | — | — |
| Information ratio | 1.27 | — | — | — |
| Upside capture % | 52.23 | — | — | — |
| Downside capture % | -29.74 | — | — | — |
| Maximum drawdown % | -0.04 | — | — | — |
Measured against Bloomberg US Agg Bond TR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
- Best quarter
- 1.54% · MAR 2026
- Worst quarter
- 0.62% · JUN 2025
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.17% p.a.
- PDS dated
- 31 DEC 2025
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.2305
- Ex Date
- 16 OCT 2026
- Record Date
- 16 OCT 2026
- Pay Date
- 19 OCT 2026
- NAV at ex date
- 49.91
- Paid this year
- 1.6318
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
1.8
| Year | Per unit ($) |
|---|---|
| 2024 | 1.8142 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 16 OCT 2026 | 0.2305 |
| 16 SEP 2026 | 0.2455 |
| 18 AUG 2026 | 0.1200 |
| 16 JUL 2026 | 0.1000 |
| 16 JUN 2026 | 0.0500 |
| 18 MAY 2026 | 0.3050 |
| 16 APR 2026 | 0.1790 |
| 17 MAR 2026 | 0.1829 |
| 17 FEB 2026 | 0.1291 |
| 16 JAN 2026 | 0.0898 |
| 16 DEC 2025 | 0.2610 |
| 18 NOV 2025 | 0.2499 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Average
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Peter Baden
- Alexander R. Morris
- Marcin Zdunek
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 3
- Average tenure
- 1.7 years
- Longest tenure
- 1.7 years
- Longest serving
- Peter Baden, Alexander R. Morris, Marcin Zdunek · since 24 FEB 2025
- Most recent appointment
- Peter Baden, Alexander R. Morris, Marcin Zdunek · since 24 FEB 2025
- Managed since
- 24 FEB 2025
- Other funds managed
- 44
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
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