F/m Investments Launches Accumulator Series: Active ETFs Built to Grow, Not Distribute

SGVA gives taxable investors Ultrashort Treasury exposure with investment gains compounding inside the fund, eliminating reinvestment inefficiencies and current taxable income caused by traditional distributions.

WASHINGTON--(BUSINESS WIRE)--F/m Investments (“F/m”), a $19 billion fixed income investment firm,¹ today launched the F/m Accumulator Ultrashort Treasury ETF (NASDAQ: SGVA) — the first fund in its new Accumulator Series. The Accumulator Series is an actively managed ETF lineup built to deliver total return, without recurring distributions to reinvest and without the current taxable income those distributions create.

“Most investors who want Treasury exposure don’t need a distribution; they need total return,” said Alexander Morris, CEO of F/m Investments. “Accumulator ETFs give them the beta they’re targeting, with investment returns compounding more efficiently inside the fund.”

SGVA is an ultrashort Treasury ETF designed to provide exposure to U.S. Treasury securities with maturities of 0 to 12 months. The portfolio team adds a tax-aware structure to the fund by rotating its underlying Treasury ETFs to avoid receiving dividend distributions. This allows returns to grow inside the ETF rather than flow out as taxable income.

The Accumulator Series is actively managed rather than index-based. Active management empowers the portfolio team to choose which underlying Treasury ETFs to hold at any given time, optimizing for cost and execution without being bound to a rebalancing calendar that could increase costs and decrease overall efficiency.

“SGVA gives investors a straightforward way to access ultrashort Treasury exposure,” said Peter Baden, CFA, Portfolio Manager at F/m Investments. “The goal is simple: deliver the asset class exposure cleanly and let compounding do the rest.”

Additional Accumulator funds, targeting other income-oriented asset classes, are expected to follow.

This launch sits alongside the U.S. Benchmark Series and the firm’s ongoing work in dual share class structures and tokenization.

About F/m Investments

F/m Investments, founded in 2018, is an independent asset management firm focused on fixed income and a recognized innovator in exchange-traded funds (ETFs). The firm offers a growing suite of ETFs, as well as mutual funds and separately managed account strategies, designed to meet the evolving needs of financial advisors, institutions, and individual investors. For more information, please visit www.fminvest.com.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 1-800-617-0004 or visit our website at www.fminvest.com. Read the prospectus or summary prospectus carefully before investing.

As with all ETFs, Shares may be bought and sold in the secondary market at market prices. Interest rate risk is the risk of losses attributable to changes in interest rates. In general, if prevailing interest rates rise, the values of debt instruments tend to fall, and if interest rates fall, the values of debt instruments tend to rise.

Definitions

Beta: A measure of an investment's sensitivity to movements in the broader market.

Fund Risks

Active Management Risk. The Fund is actively managed using proprietary investment strategies and processes. There can be no guarantee that these strategies and processes will be successful or that the Fund will achieve its investment objective. Affiliated Fund Risk. Affiliated fund risk is the risk that the Adviser may select Underlying Funds and/or investments for the Fund based on its own financial interests or other business considerations rather than the Fund's interests. The Adviser may be subject to potential conflicts of interest in selecting the Underlying Funds because affiliated Underlying Funds pay an advisory fee to the Adviser based on their assets, the fees paid to the Adviser by some affiliated Underlying Funds may be higher than other Underlying Funds or the Underlying Funds may be in need of assets to enhance their appeal to other investors, liquidity and trading and/or to enable them to carry out their investment strategies. However, the Adviser is a fiduciary to the Fund and is legally obligated to act in the Fund's best interest when selecting Underlying Funds. Concentration Risk. The Fund may be susceptible to an increased risk of loss, including losses due to adverse events that affect the Fund's investments more than the market as a whole, to the extent that the Fund's investments are concentrated in a particular issue, issuer or issuers, country, market segment, or asset class. Credit Risk. The value of your investment in the Fund may change in response to changes in the credit ratings of the Fund's portfolio securities, including with respect to Underlying Funds. Generally, investment risk and price volatility increase as a security's credit rating declines. The financial condition of an issuer of a fixed income security held by such Fund or an Underlying Fund may cause it to default or become unable to pay interest or principal due on the security. Fund of Funds Risk. Because it invests primarily in other funds, including ETFs, the Fund's investment performance largely depends on the investment performance of the selected Underlying Funds. The Fund is indirectly exposed to all of the risks of an investment in an Underlying Fund. In addition, at times, certain of the segments of the market represented by an Underlying Fund in which the Fund invests may be out of favor and underperform other segments. The Fund will also bear the proportionate share of the fees and expenses of an Underlying Fund in which it invests, which can result in higher expenses. Interest-Rate Risk. Interest rate risk is the risk of losses attributable to changes in interest rates. In general, if prevailing interest rates rise, the values of debt instruments tend to fall, and if interest rates fall, the values of debt instruments tend to rise. Changes in the value of a debt instrument usually will not affect the amount of income the Fund receives from it but will generally affect the value of your investment in the Fund. New Fund Risk. The Fund is a newly-organized management investment company with a limited operating history.

Investments involve risk. Principal loss is possible.

Distributed by Quasar Distributors, LLC

¹As of April 30, 2026