Morningstar

F/M US Treasury 3 Month Bill Fund - Institutional Class Shares TBFMX

Morningstar Medalist Rating
Medalist Rating as of | See F/m Investments Investment Hub
  • NAV / 1-Day Return 49.86  /  +0.01 %
  • Total Assets 7.4B
  • Adj. Expense Ratio
    0.150%
  • Expense Ratio —
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield —
  • Effective Duration —

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:55 AM GMT+0

Morningstar’s Analysis TBFMX

Will TBFMX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TBFMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TBFMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TBFMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

F/m US Treasury 3 Month Bill Fund - Inst holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings TBFMX

More TBFMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings —
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

99.99 7B
Government

OTHER ASSETS AND LIABILITIES

0.25 19M
—

U.S. Bank Money Market Deposit Account

0.01 965,924
Cash and Equivalents

US DOLLARS

−0.26 −19M
Cash and Equivalents

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