US Benchmark Series has raised more than $1 billion since August launch
Today, F/m Investments LLC, (“F/m”) is proud to announce the launch of five new single-bond ETFs, completing the full suite of offerings within the popular US Benchmark Series.
The five new ETFs are:
- US Treasury 30 Year Bond ETF (Ticker: UTHY)
- US Treasury 20 Year Bond ETF (Ticker: UTWY)
- US Treasury 7 Year Note ETF (Ticker: USVN)
- US Treasury 5 Year Note ETF (Ticker: UFIV)
- US Treasury 3 Year Note ETF (Ticker: UTRE)
The US Benchmark Series is a family of US Treasury ETFs designed to simplify access to the US Treasury market. Each ETF holds the most current (“on the run”) US Treasury security that corresponds to its tenor. The first five ETFs in the Series (TBIL; XBIL; OBIL; UTWO; UTEN) have raised a total of more than $1 billion in the eight months since launch, emphasizing the market’s need and desire for such a product line.
The US Benchmark Series aims to address under-performance of investor expectations by existing products in the marketplace, specifically regarding duration management. These single security Treasury ETFs are designed for precise duration management, regardless of investors’ individual views on rates. In an era where Fed announcements are engrained in mainstream media, every investor now has a full set of tools to manage duration.
“These ETFs have proven to work well on the short end of the yield curve, and the additional five we’re launching today will allow investors to access, in the same efficient manner, ten distinct points along the curve,” said Alexander Morris, F/m’s President, CIO, and Co-Creator of the US Benchmark Series. “Considering the current macro-economic environment, investors are asking for these tools for precise duration management for their portfolios as the yield curve normalizes over time.”
Lead market maker for the new ETFs -- UTHY, UTWY, USVN, UFIV, and UTRE -- will be Jane Street Capital (“Jane Street”), a leading global liquidity provider that trades more than 5,000 ETFs worldwide. Jane Street also is the lead market maker for the original five ETFs of the US Benchmark Series. The five new ETFs, like the original five in the Series, will be listed on the NASDAQi and housed with The US Benchmark Series’ current series trust provider, The RBB Fund, Inc.
About The US Benchmark Series
The US Benchmark Series allows investors of all sizes to own each of the “Benchmark” US Treasuries in a single-security ETF. Each ETF holds the most current (“on the run”) US Treasury security that corresponds to its stated tenor. For more information, please visit (www.ustreasuryetf.com).
About F/m Investments
F/m Investments is a registered investment advisor and an affiliate of Diffractive Managers Group, a multi-affiliate asset manager and centralized distribution and operations platform whose affiliates manage more than $20 Billion in total AUM. For more information, please visit www.fm-invest.com.
About The RBB Fund, Inc.
The RBB Fund, Inc., the first organized multiple series trust founded in 1988, is a registered open-end investment company organized as a series trust. RBB is a turnkey ETF and Mutual Fund solution which permits an investment advisor to focus on its core competency of asset management and shifts responsibility for the establishment, servicing, and corporate governance of funds to RBB. RBB oversees approximately $20 billion in assets, supporting 14 separate investment advisors, over 20 unaffiliated subadvisors, and over 50 mutual fund or ETF offerings. For more information, please visit www.rbbfund.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 (888)123-4589 or visit our website at www.ustreasuryetf.com Read the prospectus or summary prospectus carefully before investing.
Risks:
Investments involve risk. Principal loss is possible. There is no guarantee that the fund’s investment results will have a high degree of correlation to those of the Underlying Index or that the fund’s will achieve their investment objective. The funds may be subject to tracking error, which is the divergence of the fund’s performance from that of the Underlying Index.
Duration is a measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates.
Quasar Distributors, LLC, distributor. Quasar Distributors, LLC is not affiliated with the RBB Fund, Inc or F/m Investments, LLC.
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Contacts
For The US Benchmark Series and F/m Investments
Lyceus Group
Rex Carlin
206.635.4198
rcarlin@lyceusgroup.com