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F/m US Treasury 3 Month Bill Fund - ETF Class Shares (TBIL)

Ultrashort Bond | Exchange Traded Fund | NasdaqGM
49.87 USD +0.01 (0.020%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 49.87 0.00 (-0.002%) ⇩ (Aug. 28, 2026, 7:37 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★⯪☆☆
Hot Take | Aug. 22, 2026, 1:59 a.m. EDT

This instrument is a static yield vehicle, not a growth engine. The price has been virtually flat for three years, with the last two annual periods showing slight declines, confirming that the market sees no capital appreciation potential here. While the 4% yield is attractive, it is entirely dependent on the Fed maintaining high rates; if rates fall, the price will likely drift lower to compensate. The options market confirms this apathy with almost zero open interest, suggesting traders view this as a boring, low-volatility holding rather than a tradeable asset. It serves as a parking spot for cash, offering a decent return if rates stay put, but offers no upside catalyst.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.000679
AutoTheta0.001062
AutoETS0.001082
MSTL0.001232

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 89%
H-stat 2.77
Ljung-Box p 0.000
Jarque-Bera p 0.332
Excess Kurtosis -0.53

As of Aug. 22, 2026, 1:59 a.m. EDT: Speculator positioning is negligible and non-directional. Call volume is concentrated in deep ITM strikes, while put activity is similarly sparse and centered on ATM. Open interest is minimal across all expirations, indicating a lack of meaningful hedging or speculative bets on either side.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.31% 4.00% 4.57%
Dividend History
Date Dividend Yield %
2026-08-27 0.154 0.308865
2026-07-28 0.150 0.300903
2026-06-29 0.147 0.294885
2026-05-28 0.147 0.294885
2026-04-28 0.147 0.294885
2026-03-30 0.147 0.294826
2026-02-26 0.150 0.300963
2026-01-29 0.155 0.310933
2025-12-30 0.153 0.306736
2025-12-02 0.152 0.304731
2025-11-03 0.156 0.312876
2025-10-01 0.164 0.328987
2025-09-02 0.174 0.349047
2025-08-01 0.173 0.347146
2025-07-01 0.188 0.377358
2025-06-02 0.175 0.351053
2025-05-01 0.173 0.347111
2025-04-01 0.173 0.347111
2025-03-03 0.173 0.347041
2025-02-03 0.174 0.348907
2024-12-30 0.181 0.363162
2024-12-02 0.184 0.369107
2024-11-01 0.187 0.375050
2024-10-01 0.206 0.413240
2024-09-03 0.215 0.431380
2024-08-01 0.218 0.437487
2024-07-01 0.218 0.437663
2024-06-03 0.219 0.439406
2024-05-01 0.218 0.437487
2024-04-01 0.219 0.439494
2024-03-01 0.219 0.439318
2024-02-01 0.220 0.441147
2023-12-27 0.219 0.439494
2023-12-01 0.221 0.443152
2023-11-01 0.222 0.445247
2023-10-02 0.221 0.443241
2023-09-01 0.220 0.440970
2023-08-01 0.217 0.435131
2023-07-03 0.216 0.432779
2023-06-01 0.209 0.418922
2023-05-01 0.198 0.396953
2023-04-03 0.181 0.362653
2023-03-01 0.188 0.377131
2023-02-01 0.182 0.364949
2022-12-28 0.087 0.174541
2022-12-16 0.085 0.170409
2022-12-01 0.075 0.150361
2022-11-16 0.075 0.150451
2022-11-01 0.073 0.146469
2022-10-17 0.044 0.088229
2022-10-03 0.109 0.218393
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 4.04

Info Dump

Attribute Value
All Time High 50.1
All Time Low 49.765
Ask 49.94
Ask Size 30
Average Daily Volume10 Day 1,615,470
Average Daily Volume3 Month 1,768,320
Average Volume 1,768,320
Average Volume10Days 1,615,470
Beta3 Year 0.0
Bid 49.88
Bid Size 40
Category Ultrashort Bond
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 49.87
Day Low 49.86
Dividend Yield 4.04
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 49.9294
Fifty Day Average Change -0.059402466
Fifty Day Average Change Percent -0.0011897292
Fifty Two Week Change Percent 0.040125847
Fifty Two Week High 50.02
Fifty Two Week High Change -0.15000153
Fifty Two Week High Change Percent -0.002998831
Fifty Two Week Low 49.84
Fifty Two Week Low Change 0.02999878
Fifty Two Week Low Change Percent 0.0006019017
Fifty Two Week Range 49.84 - 50.02
First Trade Date Milliseconds 1,660,051,800,000
Full Exchange Name NasdaqGM
Fullday Change 0.00999832
Fullday Change Percent 0.0200528
Fullday Price 49.868
Fund Family F/m Investments LLC
Fund Inception Date 1,659,916,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary Under normal market conditions, F/m Investments LLC (the “Adviser”) seeks to achieve the fund’s investment objective by investing at least 80% of the fund’s net assets (plus any borrowings for investment purposes) in the component securities of the underlying index. The index is comprised of a single issue purchased at the beginning of the month and held for a full month.
Long Name F/m US Treasury 3 Month Bill Fund - ETF Class Shares
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_1792786900
Nav Price 49.8505
Net Assets 7,217,946,600.0
Net Expense Ratio 0.15
Open 49.87
Phone (302) 791-1851
Post Market Change -0.0019989014
Post Market Change Percent -0.0040082242
Post Market Price 49.868
Post Market Time 1,787,960,254
Previous Close 49.86
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change 0.00999832
Regular Market Change Percent 0.0200528
Regular Market Day High 49.87
Regular Market Day Low 49.86
Regular Market Day Range 49.86 - 49.87
Regular Market Open 49.87
Regular Market Previous Close 49.86
Regular Market Price 49.87
Regular Market Time 1,787,947,200
Regular Market Volume 1,690,341
Short Name F/m US Treasury 3 Month Bill Fu
Source Interval 15
Symbol TBIL
Three Year Average Return 0.0453413
Total Assets 7,217,946,624
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 0.93653
Trailing Three Month Returns 0.93653
Triggerable 1
Two Hundred Day Average 49.9286
Two Hundred Day Average Change -0.05860138
Two Hundred Day Average Change Percent -0.0011737036
Type Disp ETF
Volume 1,690,341
Yield 0.0404
Ytd Return 2.09837