TBIL Stock: F/m US Treasury 3 Month Bill ETF Profile & Analysis (2026)
An ultra-short-term U.S. Treasury ETF designed to track the performance of the most recently issued 3-month U.S. Treasury bill — Updated May 2026 with current AUM, expense ratio, holdings, and performance data.
The TBIL stock represents the F/m US Treasury 3 Month Bill ETF, a highly liquid fixed-income vehicle designed for investors seeking “risk-free” yield and capital preservation. While high-growth traders might focus on the Complete List Of Semiconductor Companies Listed On U.S. Exchanges, TBIL serves as a critical cash-management tool for those looking to park funds during periods of market uncertainty. By investing in “on-the-run” 3-month Treasury bills, TBIL provides a yield that closely reflects the current short-term interest rate environment.
Compared to more volatile sectors like Small Cap Aerospace & Defense Stocks or speculative Micro Cap Oil Stocks, TBIL offers extreme stability. It is often used by institutional and retail investors alike to capture monthly income without the duration risk associated with longer-term bonds. As of May 2026, the fund has grown significantly in popularity due to its transparent strategy and competitive expense ratio.
Key Takeaways — TBIL Stock
TBIL focuses specifically on the newest (“on-the-run”) 3-month U.S. Treasury bills, offering the most current market rates.
The fund distributes income monthly, making it an excellent vehicle for investors who need regular cash flow from a safe asset.
Because the underlying bills mature in 90 days or less, the share price is extremely resilient to interest rate fluctuations.
Managed by F/m Investments, the fund provides a simplified way to access the Treasury auction market without manual laddering.
TBIL — Live Price Chart
Real-time chart from TradingView.
TBIL ETF Vitals & Key Statistics
Core data as of May 2026.
| Data Point | Value | Data Point | Value |
|---|---|---|---|
| Full Name | F/m US Treasury 3 Month Bill ETF | Ticker | TBIL |
| Issuer | F/m Investments LLC | Asset Class | Fixed Income / U.S. Treasury |
| Index Tracked | Bloomberg US Treasury Bellwether 3M Index | Structure | ETF |
| Expense Ratio | 0.15% | AUM | ~$7.15B |
| Inception Date | August 9, 2022 | Exchange | NASDAQ |
| No. of Holdings | 3 Main | Dividend Yield | 3.82% |
| 52-Week High | $50.02 | 52-Week Low | $49.81 |
| Avg Daily Volume | 2.25 million | YTD Return | 2.32% |
| 1-Year Return | 4.56% | 5-Year Return | N/A |
| Category | Ultra-Short Term | Dividend Frequency | Monthly |
TBIL Top 10 Holdings (May 2026)
Largest positions by weight. Click columns to sort.
| Rank | Ticker | Company Name | Sector | Weight % |
|---|---|---|---|---|
| 1 | 912797SC2 | US Treasury Bills (08.27.26) | Government | 90.08% |
| 2 | 912797TE71 | US Treasury Bills (09.03.26) | Government | 9.91% |
| 3 | CASH | U.S. Bank Money Market Deposit | Cash | 0.00% |
| 4 | N/A | Other Assets and Liabilities | Other | 0.00% |
| 5 | SGOV | iShares 0-3 Month Treasury Bond ETF | Bond ETF | 0.09% |
| 6 | BIL | State Street SPDR Bloomberg 1-3M T-Bill | Bond ETF | 0.14% |
| 7 | TFRB | Treasury Floating Rate Bond ETF | Bond ETF | 0.20% |
| 8 | N/A | None | N/A | 0.00% |
| 9 | N/A | None | N/A | 0.00% |
| 10 | N/A | None | N/A | 0.00% |
TBIL — Pros & Cons
✓ Maximum Safety
Invests in debt backed by the full faith and credit of the United States government.
✗ Limited Growth
The share price is engineered to stay near $50; you will not see significant capital appreciation.
✓ High Liquidity
Trades on the NASDAQ with high volume, making it easy to buy or sell at any time during market hours.
✗ Expense Ratio
While low at 0.15%, some competitors offer even lower fees for similar short-term Treasury exposure.
✓ State Tax Benefits
Interest earned from U.S. Treasuries is generally exempt from state and local income taxes.
✗ Reinvestment Risk
If the Federal Reserve cuts interest rates, the yield on this fund will drop quickly as new bills are purchased.
Who Should Consider TBIL?
Investors who need a high degree of safety and want to park cash while earning more than a standard savings account.
Aggressive growth investors who are looking for double-digit returns or long-term capital gains in the equity markets.
You expect interest rates to stay higher for longer or if you are waiting for a better entry point into the stock market.
Suitable for both taxable brokerage accounts (for tax efficiency) and retirement accounts like IRAs.
TBIL vs Similar ETFs
Key metrics comparison.
| ETF | Full Name | Expense Ratio | AUM | Holdings | Div Yield | YTD | Best For |
|---|---|---|---|---|---|---|---|
| TBIL ★ | F/m US Treasury 3 Month Bill ETF | 0.15% | $7.15B | 3 | 3.82% | 2.32% | Direct 3-Month T-Bill Exposure |
| SGOV | iShares 0-3 Month Treasury Bond ETF | 0.09% | $22.5B | 12 | 5.15% | 2.35% | Maximum safety and lowest cost |
| BIL | State Street Bloomberg 1-3 Month T-Bill | 0.14% | $34.1B | 18 | 5.10% | 2.31% | High liquidity and trading volume |
| TFRB | Treasury Floating Rate Bond ETF | 0.15% | $1.2B | 10 | 5.25% | 2.38% | Hedging against rising rates |
TBIL Technical Analysis
Real-time buy/sell signals.
TBIL — Risks & Considerations
Interest Rate Risk
While duration is ultra-low, significant and rapid changes in Fed policy can slightly impact the market value of short-term bills.
Opportunity Cost
Keeping too much capital in TBIL may result in lower long-term wealth accumulation compared to diversified equity investments.
Inflation Risk
If the rate of inflation exceeds the yield on the 3-month Treasury bill, the real purchasing power of your money may decrease.
Credit Risk (Minimal)
Although highly unlikely, the fund depends on the U.S. government’s ability to meet its debt obligations.