The Laddered T-Bill ETF
$25.00+0.00 (+0.00%)
- Expense ratio
- 0.20%
- Fund size
- $18M
- 1Y return
- —
- Yield · Last 12 months
- Data unavailable
- Holdings
- 6
- Volume · 30D
- 0M sh
- NAV per share
- $25.02
- 52W range
The ETF.net TLDR Grade
Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 41Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 64Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 31Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 27Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 32Category rank
Our read on TLDR
CMost T-bill ETFs just track a 0-3 month index. TLDR runs an actively managed ladder of bills maturing inside six months, targeting a 60-day average maturity, with a manager choosing where on the front end to sit.
The Fund seeks current income while preserving capital and maintaining daily liquidity.
Why people hold it
- An active ladder, not an index sleeve: REX rolls the bill positions continuously around a targeted 60-day average maturity, tuned to the front end of the Treasury curve.rexshares.com
- Under normal conditions at least 80% of net assets sit in US Treasury bills maturing in six months or less, the shortest end of government paper.sec.gov
- Distributions land monthly, and the mandate stays plain: current income, capital preservation, daily liquidity.
Worth knowing
- The 0.20% fee sits above the index bill funds next to it (XONE 0.03%, VBIL 0.06%, BIL 0.14%). The active laddering is what the extra buys.
- A small, thinly traded fund so far, so spreads can run wider than the category's giants.
- Launched in 2026, so there is little history behind the manager's ladder calls, and the prospectus flags high portfolio turnover as a cost and tax factor.rexshares.com
TLDR Holdings
- Stocks
- 6
- 100%
- TREASURY BILL
Geography
- United States100.00%
TLDR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TLDR |
|---|---|
| Year to date | — |
| 1 month | +0.2% |
| 3 months | +0.9% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TLDR |
|---|---|---|
| 2026 YTD | +2.3% |
TLDR in the news
ETF.net Research hasn’t filed on TLDR yet — coverage lands here as it’s written.
TLDR Dividends
- $0.02 per share
- Weekly
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2026 | Pays Sep 23, 2026 | $0.02 |
| Sep 15, 2026 | Sep 16, 2026 | $0.02 |
| Sep 9, 2026 | Sep 10, 2026 | $0.02 |
| Sep 1, 2026 | Sep 2, 2026 | $0.02 |
| Aug 25, 2026 | Aug 26, 2026 | $0.02 |
| Aug 18, 2026 | Aug 19, 2026 | $0.02 |
| Aug 11, 2026 | Aug 12, 2026 | $0.02 |
| Aug 4, 2026 | Aug 5, 2026 | $0.02 |
| Jul 28, 2026 | Jul 29, 2026 | $0.02 |
| Jul 21, 2026 | Jul 22, 2026 | $0.02 |
| Jul 14, 2026 | Jul 15, 2026 | $0.02 |
| Jul 7, 2026 | Jul 8, 2026 | $0.02 |
TLDR Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TLDR Cost
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
40 of the 77 Cash & Ultra-Short Income funds charge less.