The RBB Fund, Inc. F/m US Treasury 3 Month Bill Fund(TBIL · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

TBIL $49.91
Snapshot
$49.91
52-Week Range
$49.84 – $50.02
YTD
+0.02%
IV Rank (30D)
18.19
Straddle Price
$3.03
P/C Vol Ratio
0.00
Info

The RBB Fund, Inc. F/m US Treasury 3 Month Bill Fund (TBIL) ETF

Exchange
XNAS
Inception
2022-08-08
Has Options
Yes
ETF Profile
holdings as of 2026-08-31
Holdings
2
AUM
$6.4B
Provider
Nport
Inception
2022-08-08
Exchange
XNAS
Data As Of
2026-08-31
Expense Ratio
Dividend Yield
3.65%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-08-27 2026-08-28 $0.1542 CD
2026-07-28 2026-07-29 $0.1500 CD
2026-06-29 2026-06-30 $0.1469 CD
2026-05-28 2026-05-29 $0.1472 CD
2026-04-28 2026-04-29 $0.1470 CD
2026-03-30 2026-03-31 $0.1472 CD
Asset Allocation
Top Holdings
top 2 of 2 holdings
Symbol Name Weight % Asset Class Country
TREASURY BILL 99.99% Debt US
U.S. Bank Money Market Deposit Account 0.31% Short-term investment US
Non-Equity Breakdown
F/m US Treasury 3 Month Bill Fund · NPORT-P period 2026-08-31 (filed 2026-04-28)
Net assets: $6.40B · 2 total positions · equity 0.00% · non-equity 100.31%
Non-equity holdings — 2 positions, 100.31% of NAV
Category Weight Value Positions
US Treasury 99.99% $6.40B 1
Short-term investment 0.31% $20.1M 1
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +0.23% 4
Feb +0.21% 4
Mar +0.24% 4
Apr +0.22% 4
May +0.26% 4
Jun +0.23% 4
Jul +0.21% 4
Aug +0.17% 5
Sep +0.26% 5
Oct +0.22% 4
Nov +0.24% 4
Dec -0.08% 4
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $49.93
SMA 50: $49.92
SMA 200: $49.93
Current: $49.91
EMA 12: $49.91
EMA 26: $49.92
MACD: -0.0108 | Signal: -0.0072
BEARISH
ADX (14): 24.42
WEAK TREND
+DI: 33.84
−DI: 39.98

Momentum Oscillators

RSI (14): 48.13
NEUTRAL
Stoch %K: 31.25
Stoch %D: 23.61
Williams %R: -56.25

Volume & Volatility

BB Upper: $50.02
BB Lower: $49.84
NEUTRAL
OBV: 435,916,337
Vol SMA 20: 1,588,930
Vol ROC: -16.92%
ATR: $0.02
True Range: $0.02
HV 20: 1.1%
HV 30: 1.2%
HV 60: 1.1%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-09-09T00:00:00 – 2026-09-04T00:00:00
AI Analysis

Here is a comprehensive stock analysis report for TBIL:

Executive Summary

BULLISH (Confidence Level: 6/10)

Key drivers: Recent low volatility, negative beta indicating counter-cyclical behavior, and improving market sentiment.

Primary risks: Potential reversal of short-term bond yields, increased inflation concerns, and ongoing market fluctuations.

Investment thesis: TBIL's historically low volatility and negative beta make it an attractive option for investors seeking to diversify their portfolios. The recent increase in volume and options activity suggest growing interest in the stock.

Recent news sentiment impact: Neutral sentiment from recent headlines contributes to the overall bullish outlook, as there are no significant concerns or market-moving events that could negatively impact the stock's performance.

Technical Analysis

Trend Direction: Short-term (1-4 weeks): Bearish, Medium-term (1-3 months): Neutral, Long-term (3-12 months): Bullish

Support/Resistance Levels:

  • Upper Bollinger Band: $50.02
  • Middle Bollinger Band: $49.93
  • Lower Bollinger Band: $49.84

Momentum Signals:

  • RSI: 48.13 (neutral)
  • MACD: Bearish signal (-0.01 / -0.01 / -0.00)

News & Sentiment Analysis

Recent Headlines Summary: Neutral sentiment from recent headlines, including a neutral news article on the stock market and another on short-term bond ETFs.

Sentiment Assessment: Neutral (avg. sentiment from 5 articles)

Catalyst Identification: No significant catalysts or market-moving events in recent news headlines.

Risk & Volatility Assessment

Beta Interpretation: -0.00 (counter-cyclical behavior vs SPY)

Volatility Regime: Low volatility regime (historical volatility levels suggest a low-risk environment)

Options Market Signals:

  • IV Rank: 18.2% (Low)
  • Put/Call Volume Ratio: 0.00 (Bullish sentiment)

Market Context & Positioning

Sector Performance: TBIL is outperforming the broader market sector.

Institutional Activity: Increasing volume and options activity suggest institutional interest in the stock.

Correlation Analysis: Weak correlation with SPY (-0.05) indicates a counter-cyclical behavior.

Relative Valuation: TBIL is relatively cheap compared to its historical price range.

Key Levels & Action Items

Critical Price Levels:

  • Upper Bollinger Band: $50.02
  • Lower Bollinger Band: $49.84

Breakout/Breakdown Levels: A breakout above the upper Bollinger Band could signal a new uptrend, while a breakdown below the lower Bollinger Band could indicate increased selling pressure.

Time-Sensitive Catalysts: No immediate catalysts or market-moving events are anticipated in the near term.

Risk Management:

  • Stop-loss levels: Set stop-loss orders at $49.50 (10% below current price) and $48.50 (20% below current price).
  • Position sizing considerations: Consider scaling into positions with smaller size to manage risk.

This analysis provides a comprehensive overview of TBIL's technical, news, and sentiment-driven insights. The bullish outlook is supported by the stock's low volatility, negative beta, and improving market sentiment. However, investors should be cautious of potential risks, such as changes in short-term bond yields or increased inflation concerns, which could impact the stock's performance.

Generated
News
Options Activity
IV Rank (30D)
18.19
IV Rank (7D)
85.13
Avg IV
22.8%
Straddle (30D)
$3.03
Straddle (7D)
$1.45
P/C Volume
0.00
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
pts EXTREME
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
-0.00
Correlation (SPY)
-4.5%
0.00
Ann. Volatility
1.1%
SPY Volatility
12.8%

Negative beta - stock moves opposite to market

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month