US Treasury Benchmark Series

ETFs

Each ETF will provide single security exposure to the most current (on the run) US Treasury security at each of the key tenors. Each ETF will track an ICE index specific to each tenor.

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Why the US Benchmark Series?

Broad, direct access

Gain access to specific US Treasury securities within the ease and efficiency of an ETF.

Targeted use

Single security exposure allows for targeted duration management as compared to a portfolio of bonds.

Increased cashflow frequency

The ETF will pay monthly income, more frequently than the semi-annual payments of the underlying bond.

Tax-efficiency

ETF structure helps reduce and eliminate potential capital gains.

Consistent Exposure

Always own the current, on-the-run US Treasury security. Economies of scale minimize transaction costs and the operational burden of continually rolling to the next US Treasury security as it is issued.

Flexibility

The benchmark Series ETFs enable any investors to express a view on rates - through buying, shorting or utilizing a number of options that will be offered soon.

“We believe the US Benchmark Series will bring revolutionary change to financial markets by giving nearly everyone simple access to the world’s most liquid securities, the US Treasury market,” said Alexander Morris, F/m’s President and CIO and Co-Creator of the US Benchmark Series. “We are equitizing the yield curve.” said Alexander Morris, F/m’s President, CIO, and Co-Creator of the US Benchmark Series.

Why US Treasury Securities?

Safety 1

U.S. Treasury securities are issued by the federal government and are considered to be among the safest investments, because all Treasury securities are backed by the full faith and credit of the U.S. government. This means that come what may—recession, inflation, war—the U.S. government is going to take care of its bondholders.

Uncorrelated Assets

Historically, Treasury securities have a negative correlation with the equity markets and can be utilized to diversify an investor's portfolio.

We believe the Yield Curve is the foundation for nearly all investing. These ETFs equitize that yield curve to bring investors of all sizes access to the “Benchmark” US Treasuries in single-security ETFs.

United States Treasury - Yield Curve2

Source: Bloomberg as of 6/30/2022

The US Benchmark Series has created an ETF for each of the fixed maturities on The Treasury yield curve. This enables an investor to buy, sell, or hold three of the maturities on the curve today, and eventually all of the maturities on the curve.

Our ETFs

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