F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF

Frequently Asked Questions About RBIL

What does RBIL invest in?

RBIL stands out as the pioneering exchange-traded fund dedicated solely to ultra-short, high-quality Treasury Inflation-Protected Securities (TIPS). These income-generating financial instruments, guaranteed by the U.S. Treasury, feature principal and interest payments that adjust to inflation, thereby serving as a protective measure against rising prices. However, TIPS commonly offer more modest returns compared to traditional fixed-rate bonds. This passively managed fund strategically targets reduced risk and volatility by concentrating its investments on shorter-dated securities, thus avoiding the elevated interest rate sensitivity inherent in longer-duration TIPS. Its portfolio maintains an equal weighting among its constituent bonds, which possess residual maturities ranging from one to thirteen months (e.g., 1-2 months, 2-3 months, and so on). The fund also retains the option to participate in securities lending activities. The associated index undergoes rebalancing on the final business day of each calendar month.

What is the expense ratio of RBIL?

F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) charges an expense ratio of 0.17%. This is the annual fee deducted from fund assets to cover management and operations.

What is RBIL's dividend yield?

RBIL's trailing-twelve-month yield is 4.16%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of RBIL?

Effective duration measures RBIL's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RBIL's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of RBIL?

RBIL's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of RBIL?

Yield to maturity (YTM) is the total return you'd earn from RBIL if every bond in the portfolio is held to maturity at the current price. RBIL's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.