F/m Accumulator Ultrashort Treasury Fund (SGVA)

The F/m Accumulator Ultrashort Treasury Fund is an exchange-traded fund from F/m Investments, the firm behind the US Benchmark Series of single-Treasury ETFs. The fund invests in very short-term U.S. Treasury securities.

As its name suggests, the fund is designed to accumulate the interest earned on its Treasury holdings within the fund rather than distributing it, so returns are reflected in the share price over time. With holdings concentrated in short-dated government debt, the fund carries minimal credit risk and limited sensitivity to changes in interest rates.