The US Treasury 2 Year Note ETF
US Treasuries made ETF Easy
The investment objective of the US Treasury 2 Year Note ETF (the “UST 2 Year Note Fund”) is to seek investment results that correspond (before fees and expenses) generally to the price and yield performance of the ICE BofA Current 2-Year US Treasury Index (GA02).
Yield of the 2 year US Treasury Note
UTWO Potential benefits:
UTWO aims to provide exposure to the current US 2 Year Treasury Note, with the ease and efficiency of an ETF.
UTWO aims to make monthly dividend payments, more frequent than those of the underlying security.
Minimize transaction costs and the operational burden required to continually roll to the new US Treasury Security as it is issued - and enjoy the potential tax efficiencies of an ETF.
General Profile
Tickerutwo
ExchangeNASDAQ
Expense Ratio0.15%
Inception Date8/9/2022
# of Holdings2
CUSIP74933W486
Market Data
Net Assets357.40M
Shares Outstanding7,440,000
NAV$48.04
Closing Price$48.05
30 Day Sec Yield4.35%*
Premium / Discount0.02%
Median 30-day Spread0.02%
* Yield as of 02-16-2024
utwo Market Price Performance
Fund Documents
- Fact Sheet
- Prospectus
- SAI
- Investment Case
- Distribution Schedule
- Annual Report
- UTWO 19a-1 notice
- 2022 Tax Insert
- Proxy Materials
- Premium Discount
- Semi-Annual Report
- Q1 Holdings
- Q3 Holdings
Quarter-end
Month-end
Quarter-end
Month-end
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Market price is the price at which shares in the ETF can be bought or sold on the exchanges during trading hours, while the net asset value (NAV) represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.
Top Holdings
Download Full Holdings
Name | Symbol | Par Value | Market Value | Weightings (%) |
---|---|---|---|---|
Cash & Other | Cash&Other | 909,725.10 | $909,725.10 | 0.25% |
UNITED STATES TREAS NTS 4.25% 01/31/2026 | 91282CJV4 | 359,261,000.00 | $356,917,382.42 | 99.76% |
Holdings are subject to change without notice.
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Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 1-800-617-0004 or visit our website at www.ustreasuryetf.com. Read the prospectus or summary prospectus carefully before investing. As with all ETFs, Shares may be bought and sold in the secondary market at market prices. 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. Fund Risks: The UST 2 Year Note Fund may be susceptible to an increased risk of loss, including losses due to adverse events that affect the UST 2 Year Note Fund’s investments more than the market as a whole, to the extent that the UST 2 Year Note Fund’s investments are concentrated in a particular issue, issuer or issuers, country, market segment, or asset class. While U.S. Treasury obligations are backed by the “full faith and credit” of the U.S. Government, such securities are nonetheless subject to credit risk (i.e., the risk that the U.S. Government may be, or be perceived to be, unable or unwilling to honor its financial obligations, such as making payments). ICE BofA Current 2-Year US Treasury Index is a one-security index comprised of the most recently issued 2-year US Treasury note. The index is rebalanced monthly. In order to qualify for inclusion, a 2-year note must be auctioned on or before the third business day before the last business day of the month. Average Yield to Maturity is the discount rate that equates the present value of a bond’s cash flows with its market price (including accrued interest). The Fund Average Yield to Maturity is the weighted average of the fund’s individual bond holding yields based on Net Asset Value (‘NAV’). The measure does not include fees and expenses. For callable bonds, this yield is the yield-to-worst. Effective Duration measures the sensitivity of the price of a bond with or without embedded options to changes in interest rates, taking into account the likelihood of the bond being called, put and/or sunk prior to its final maturity date while incorporating after-tax impacts on the bond. Premium/Discount is the amount the fund’s closing price is trading above or below the reported NAV, expressed as a percentage of the NAV. When the fund’s closing price is greater than the fund’s NAV, it is said to be trading at a “premium” and the percentage is expressed as a positive number. When the fund’s closing price is less than the fund’s NAV, it is said to be trading at a “discount” and the percentage is expressed as a negative number. Median 30 day spread is calculated by identifying the national best bid and national best offer (“NBBO”) for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth. Weighted average maturity is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date. Duration is a measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates. Investments involve risk. Principal loss is possible. Distributed by Quasar Distributors, LLC
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