Is F/m US Treasury 6 Month Bill ETF (XBIL) a Strong ETF Right Now?

Core Insights - The F/m US Treasury 6 Month Bill ETF (XBIL) launched on March 7, 2023, providing broad exposure to the Government Bond ETFs category [1] - Smart beta ETFs differ from traditional market cap weighted indexes by focusing on non-cap weighted strategies to potentially outperform the market [2][3] - XBIL is managed by Us Benchmark Series and has accumulated over $806.03 million in assets, aiming to match the performance of the Bloomberg US Treasury Bellwether 6M Total Return Index [5] Fund Characteristics - XBIL has an annual operating expense ratio of 0.15%, which is competitive within its peer group, and a 12-month trailing dividend yield of 4.39% [6] - The ETF has shown a year-to-date increase of approximately 2.27% and a one-year increase of about 4.43%, with a trading range between $49.94 and $50.21 over the past 52 weeks [8] - The ETF's holdings are concentrated, with the top 10 holdings accounting for nearly 100% of total assets under management [7] Alternatives and Comparisons - Other ETFs in the Government Bond space include SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) with $41.72 billion in assets and iShares 0-3 Month Treasury Bond ETF (SGOV) with $51.88 billion, both offering lower expense ratios [10] - Investors seeking lower-risk options may consider traditional market cap weighted ETFs that aim to match Government Bond ETF returns [11]