F/m Investments Unveils First SEC-Cleared Dual-Share ETF for 3-Month Treasury Bill
F/m Investments launched a dual-share strategy for its flagship 3-month U.S. Treasury bill portfolio, offering both ETF and mutual fund classes from one pool under a single management team. This marks the first operational implementation of an SEC-exempt dual-share ETF framework, streamlining liquidity and retirement access without separate track records.
1. Dual-Share Structure Launch
F/m Investments has launched a dual-share structure for its flagship 3-month U.S. Treasury bill portfolio, enabling investors to access identical performance through ETF and mutual fund shares from a single asset pool managed by one team.
2. Operational Framework and Support
The structure is the first to operate under the SEC’s recent exemptive order, with The RBB Fund, Inc. trust housing the assets and U.S. Bank Global Fund Services handling administration and operations.
3. Advisor Flexibility and Market Impact
Advisors can now allocate holdings across brokerage and retirement accounts without reconciling separate portfolios, a simplification that may boost ETF penetration in institutional and retirement markets while reducing operational redundancy.