REX Shares today introduced the REX The Laddered T-Bill ETF (TLDR), an actively managed exchange-traded fund that invests in a laddered portfolio of U.S. Treasury Bills with maturities generally under six months. The fund will list on the CBOE under the symbol TLDR and is designed to provide investors with daily liquidity, capital preservation and current income by accessing short-term Treasury yields through an accessible ETF wrapper.

TLDR maintains a targeted 60-day dollar-weighted average maturity by continuously rolling Treasury Bill positions as they approach maturity. The fund seeks to capture prevailing front-end yields by staggering holdings across bills maturing at roughly 30, 60, 90, 120 and 180 days. This laddered approach aims to smooth yield volatility, manage reinvestment risk and optimize overall fund yield in changing rate environments.

“TLDR provides investors with a simple, transparent way to access Treasury yields while maintaining daily liquidity,” said Greg King, CEO of REX Shares. REX Shares has previously launched innovative ETFs such as the REX-Osprey Staked Solana ETF and the T-REX suite of leveraged single-stock funds, and views TLDR as an efficient complement to cash management strategies for institutional and retail investors alike.

Investors should understand that TLDR is actively managed and may not achieve its objectives if interest rates move unexpectedly. While U.S. Treasury Bills carry the full faith and credit backing of the U.S. government, the fund’s returns can be affected by changes in the yield curve, high portfolio turnover costs and potential tax consequences from frequent trading. Detailed risk disclosures, including interest rate risk, liquidity risk and high turnover risk, are available in the fund prospectus.