\nF\/m Investments (\u201cF\/m\u201d), an $18 billion investment firm and an innovative provider of exchange-traded funds (ETFs), today announced the launch of the F\/m Compoundr Series of ETFs<\/strong>, a suite of tax-efficient fixed income ETFs developed in partnership with Compoundr LLC<\/strong>, the firm behind the Compoundr Strategy. These ETFs are the first to implement an investable index specifically designed to address the impact of dividend tax drag.<\/p>\n
\nThe two inaugural ETFs in the series are the F\/m Compoundr High Yield Bond ETF (CPHY)<\/strong> and the F\/m Compoundr U.S. Aggregate Bond ETF (CPAG)<\/strong>. Both funds are the first to employ Compoundr\u2019s rules-based dividend rotation strategy<\/strong>, powered by the newly launched Nasdaq Compoundr\u2122 Indexes<\/strong>. This innovative approach allows investors to gain exposure to income-generating asset classes while gaining greater control over the timing and character of the taxable income they recognize.<\/p>\n \u201cThis is exactly the kind of real-world challenge our team is built to solve,\u201d<\/i> said Alexander Morris<\/strong>, CEO of F\/m Investments. \u201cWith Compoundr, we\u2019re targeting one of the most underappreciated frictions in the market: dividends that some investors would rather avoid.\u201d<\/i><\/p>\n \nThe Compoundr strategy works by rotating between economically equivalent portfolio holdings just before their ex-dividend dates, shifting the return profile toward deferred capital gains instead of current income. This tax-efficient exposure to high-yield and aggregate bonds\u2014anchored by transparent, rules-based indexes developed in collaboration with Nasdaq\u2014helps investors compound their after-tax returns more effectively over time.<\/p>\n \u201cThe ETF structure often assumes that dividends are always desirable, but for many investors\u2014particularly trusts and tax-sensitive accounts\u2014they\u2019re not,\u201d<\/i> said David Cohen<\/strong>, Partner at Compoundr LLC. \u201cCompoundr provides access to the exposures investors want, without the tax inefficiencies they don\u2019t. This is a transparent, rules-based dividend deferral strategy built to preserve the investment thesis while eliminating unnecessary taxable income.\u201d<\/i><\/p>\n \u201cWe\u2019re giving investors more control over when and how they realize income\u2014within the inherently efficient structure of an ETF,\u201d<\/i> added David Littleton<\/strong>, President of F\/m Investments. \u201cHigh-yield and investment-grade bonds were ideal starting points, but this strategy has broad applicability across many asset classes going forward.\u201d<\/i><\/p>\n \nThe launch coincides with the three-year anniversary of F\/m\u2019s innovative U.S. Benchmark Series, which includes the flagship F\/m 3-Month Treasury Bill ETF (TBIL). Since debuting in 2022, the series has grown to over $7 billion in assets, with TBIL alone surpassing $5 billion in AUM as of July 31, 2025.<\/p>\n \nBoth ETFs are listed on Nasdaq. The F\/m Compoundr High Yield Bond ETF (CPHY)<\/strong> is managed by John Han<\/strong>, Marcin Zdunek<\/strong>, and Kevin Conrath<\/strong>, while the F\/m Compoundr U.S. Aggregate Bond ETF (CPAG)<\/strong> is managed by Peter Baden<\/strong>, Marcin Zdunek<\/strong>, and Kevin Conrath<\/strong>. Each fund tracks its corresponding Nasdaq Compoundr\u2122 Index and rotates monthly, offering exposure without yield-based tax liability.<\/p>\n \nThe F\/m Compoundr Series is the result of a partnership between F\/m Investments, Compoundr, NASDAQ, and lead market makers Susquehanna International Group (CPAG) and GTS Mischler, a division of Mischler Financial (CPHY).<\/p>\n \nThese launches mark a breakthrough in ETF design, introducing a first-of-its-kind structure purpose-built for tax-aware fixed-income investors. The Compoundr strategy and the new F\/m Compoundr ETF lineup represent the next chapter in F\/m\u2019s mission to drive innovation.<\/p>\n About F\/m Investments<\/b><\/p>\n \nF\/m Investments is a $18 billion investment firm providing diversified investment strategies to advisors and institutional investors across asset classes, markets, and styles. For more information, please visit www.fminvest.com<\/a>.<\/p>\n \nInvesting in securities involves risk, and there is no guarantee of principal.<\/p>\n Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. For copies of our prospectus or summary prospectuses, which contain this and other information, visit us online at www.fminvest.com<\/a> or call 1-800-617-0004. Please read the prospectus and\/or summary prospectus carefully before investing.<\/b><\/p>\n \nSome of the principal risks of investing in the Funds include:<\/p>\n Call Risk<\/b>. During periods of falling interest rates, an issuer of a callable bond held by an Underlying Fund may \u201ccall\u201d or repay the security before its stated maturity, and the Underlying Fund may have to reinvest the proceeds in securities with lower yields, which would result in a decline in the Fund\u2019s performance, or in securities with greater risks or with other less favorable features.<\/p>\n Cash or Cash Equivalents Risk. <\/b>At any time, the Fund may have significant investments in cash or cash equivalents. When a substantial portion of a portfolio is held in cash or cash equivalents, there is the risk that the value of the cash account, including interest, will not keep pace with inflation, thus reducing purchasing power over time. Additionally, in rising markets, holding cash or cash equivalents may adversely affect the Fund\u2019s performance and the Fund may not achieve its investment objectives.<\/p>\n Credit Risk. <\/b>The value of your investment in the Fund may change in response to changes in the credit ratings of the portfolio securities held by Underlying Funds. Generally, investment risk and price volatility increase as a security\u2019s credit rating declines. The financial condition of an issuer of a fixed income security held an Underlying Fund may cause it to default or become unable to pay interest or principal due on the security.<\/p>\n Fixed-Income Market Risk. <\/b>The market value of a fixed-income security held by an Underlying Fund may decline due to general market conditions that are not specifically related to a particular issuer, such as real or perceived adverse economic conditions, changes in the outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally.<\/p>\n High Yield Securities Risk<\/b>. Securities that are rated below investment-grade (commonly referred to as \u201cjunk bonds,\u201d including those bonds rated lower than \u201cBBB-\u201d by S&P or \u201cBaa3\u201d by Moody\u2019s), or are unrated, may be deemed speculative and may be more volatile than higher rated securities of similar maturity with respect to the issuer\u2019s continuing ability to meet principal and interest payments. High-yield debt securities\u2019 total return and yield may generally be expected to fluctuate more than the total return and yield of investment-grade debt securities. A real or perceived economic downturn or an increase in market interest rates could cause a decline in the value of high-yield debt<\/p>\n Interest Rate Risk. <\/b>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 held by an Underlying Fund 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. Changes in interest rates may also affect the liquidity of an Underlying Fund\u2019s investments in debt instruments. In general, the longer the maturity or duration of a debt instrument, the greater its sensitivity to changes in interest rates. The Fund is subject to the risk that the income generated by an Underlying Fund\u2019s investments may not keep pace with inflation.<\/p>\n Liquidity Risk. <\/b>Certain securities held by an Underlying Fund may be difficult (or impossible) to sell at the time and at the price the Adviser would like. As a result, an Underlying Fund may have to hold these securities longer than it would like and may forego other investment opportunities. There is the possibility that an Underlying Fund may lose money or be prevented from realizing capital gains if it cannot sell a security at a particular time and price.<\/p>\n New Fund Risk. <\/b>Each Fund is a newly organized management investment company with a limited operating history. In addition, there can be no assurance that the Fund will grow to, or maintain, an economically viable size, in which case the Board of Directors (the \u201cBoard\u201d) of The RBB Fund, Inc. (the \u201cCompany\u201d) may determine to liquidate the Fund.<\/p>\n Valuation Risk. <\/b>The prices provided by the Fund\u2019s pricing services or independent dealers or the fair value determinations made by the valuation committee of the Adviser may be different from the prices used by other funds or from the prices at which securities are actually bought and sold. The prices of certain securities provided by pricing services may be subject to frequent and significant change and will vary depending on the information that is available.<\/p>\n \nThe Fund is distributed by Quasar Distributors, LLC, which is not related to the issuer or financial advisor.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250812407811\/en\/<\/a><\/span><\/p>\n Media Contact: KEYWORDS:<\/b> United States North America District of Columbia<\/p>\n INDUSTRY KEYWORDS:<\/b> Banking Asset Management Professional Services Finance<\/p>\n<\/p>\n
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Tucker Slosburg
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Lyceus Group
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fmpr@lyceusgroup.com
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(206) 635-4196<\/p>\n
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