TBFMX – F/m US Treasury 3 Month Bill Fund - Inst Investment Strategy | Morningstar

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Strategy

The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of the Bloomberg U.S. Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US). 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
TBIL	F/m US Treasury 3 Month Bill Fund - ETF Class Shares	ETF	Open			Aug 8, 2022	$7.44B	0.150%	—	—	$1.23B
TBFMX	F/M US Treasury 3 Month Bill Fund - Institutional Class Shares	Institutional	Open			Feb 12, 2026	$102,300.00	0.150%	Low	$10,000	—

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