## [# Daily ETF Watch: Active T-Bill Fund Plan](/sections/daily-etf-watch/daily-etf-watch-active-t-bill-fund-plan)
# Daily ETF Watch: Active T-Bill Fund Plan
An active, ultra-short Treasury ETF goes into the regulatory pipeline.
[](/contributors/olly-ludwig)
[By Olly Ludwig](/contributors/olly-ludwig)
Jan 30, 2015
Edited by: Olly Ludwig
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New York Alaska ETF Management LLC, a New York-based registered investment advisor, plans to bring to market an actively managed Treasury ETF that singles out credits with just one to three months until maturity.
The firm’s proposed 1-3 Month Liquidity Bonds ETF will include a variety of securities—whether short-dated or long-dated—but they must have just a few months to go before they expire, according to the [preliminary prospectus filed by the ETF Plus 1 Trust](https://www.sec.gov/Archives/edgar/data/1627597/000139834415000344/fp0012892_n1a.htm). The filing didn’t include a proposed ticker or a proposed annual expense ratio.
The proposed fund will give investors access to rock-solid U.S.-government debt with essentially zero interest-rate risk—all in a highly liquid ETF wrapper. It looks like the fund might serve the purpose of equitizing cash or play the role of a money-market-type fund.
It may take a while for the fund to come to market as the company doesn’t yet have permission to issue ETFs. But, in [separate paperwork also filed with the Securities and Exchange Commission](https://www.sec.gov/Archives/edgar/data/1627597/000139834415000342/fp0012893_40app.htm), the firm has also filed for permission to offer ETFs.
Both the registration statement detailing the short-dated Treasury fund and the petition asking for permission to offer ETFs are signed by an executive named Ofer Abarbanel.
[ Olly Ludwig Managing Editor ](/contributors/olly-ludwig)
Olly Ludwig is the former managing editor of etf.com. Previously, he was a financial advisor at Morgan Stanley Smith Barney and an editor at Bloomberg… [View Bio](/contributors/olly-ludwig)
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