Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
3.0%
1 yr return
4.8%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$358 M
Holdings in Top 10
99.6%
Expense Ratio 0.15%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 11/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The UST 2 Year Note Fund is a passively-managed exchange-traded fund (“ETF”) that seeks investment results, before fees and expenses, that correspond generally to the price and yield performance of the ICE BofA Current 2-Year US Treasury Index (GA02) (“Underlying Index”). Under normal market conditions, F/m Investments, LLC d/b/a North Slope Capital, LLC (the “Adviser”) seeks to achieve the UST 2 Year Note Fund’s investment objective by investing at least 80% of the UST 2 Year Note Fund’s net assets (plus any borrowings for investment purposes) in the component securities of the Underlying Index, provided, however, that in the event that the most recently auctioned outstanding Treasury Note that matures closest to, but not beyond, two years from the rebalancing date is not included in the Underlying Index, then the UST 2 Year Note Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the most recently auctioned outstanding Treasury Note that matures closest to, but not beyond, two years from the rebalancing date. The Fund may enter into reverse repurchase agreements in amounts not exceeding one-third of the Fund’s total assets (including the amount borrowed).
The Underlying Index
The Underlying Index was established December 31, 1987 by ICE Data Services (the “Index Provider”). The 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. The Underlying Index may be comprised of only one or two U.S. Treasury securities at a given time. For the avoidance of doubt, the Underlying Index will not select an issue that is auctioned in one calendar month but does not settle until after the month-end rebalancing date. The components of the Underlying Index change at the start of the month following any month when there has been a new public sale by the U.S. Government (referred to as an “auction”) of an underlying Treasury Security (or Securities). This periodic transition to the most-recently auctioned Treasury bill, note, or bond of a stated maturity, which is referred to as the “on-the-run” or “OTR” security of that maturity, occurs on one day. An OTR security is the most recently issued of a periodically issued security (as opposed to an off-the-run security, which is a security that has been issued before the most recent issue and is still outstanding).
The Underlying Index is calculated and administered by the Index Provider, which is not affiliated with the UST 2 Year Note Fund or the Adviser. Additional information regarding the Underlying Index, including its value, is available at https://indices.theice.com/. The UST 2 Year Note Fund’s investment strategy is to pursue its investment objective. The UST 2 Year Note Fund generally may invest up to 20% of its total assets in securities or other investments not included in the Underlying Index, but which the Adviser believes will help the UST 2 Year Note Fund track the Underlying Index.
The UST 2 Year Note Fund has elected to qualify each year for treatment as a regulated investment company (“RIC”) under Subchapter M of Subtitle A, Chapter 1, of the Internal Revenue Code of 1986, as amended (the “Code”).
Period | UTWO Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.0% | N/A | N/A | N/A |
1 Yr | 4.8% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Period | UTWO Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.0% | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Period | UTWO Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.0% | N/A | N/A | N/A |
1 Yr | 4.8% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Period | UTWO Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
UTWO | Category Low | Category High | UTWO % Rank | |
---|---|---|---|---|
Net Assets | 358 M | N/A | N/A | N/A |
Number of Holdings | 2 | N/A | N/A | N/A |
Net Assets in Top 10 | 451 M | N/A | N/A | N/A |
Weighting of Top 10 | 99.63% | N/A | N/A | N/A |
Weighting | Return Low | Return High | UTWO % Rank | |
---|---|---|---|---|
Bonds | 99.63% | N/A | N/A | N/A |
Cash | 0.37% | N/A | N/A | N/A |
Stocks | 0.00% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Other | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Weighting | Return Low | Return High | UTWO % Rank | |
---|---|---|---|---|
Cash & Equivalents | 0.00% | N/A | N/A | N/A |
Derivative | 0.00% | N/A | N/A | N/A |
Securitized | 0.00% | N/A | N/A | N/A |
Corporate | 0.00% | N/A | N/A | N/A |
Municipal | 0.00% | N/A | N/A | N/A |
Government | 0.00% | N/A | N/A | N/A |
Weighting | Return Low | Return High | UTWO % Rank | |
---|---|---|---|---|
US | 99.63% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
UTWO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.15% | N/A | N/A | N/A |
Management Fee | 0.15% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
UTWO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
UTWO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
UTWO Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
UTWO | Category Low | Category High | UTWO % Rank | |
---|---|---|---|---|
Dividend Yield | 3.36% | N/A | N/A | N/A |
UTWO | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly |
UTWO | Category Low | Category High | UTWO % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
UTWO | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Date | Amount | Type |
---|---|---|
Nov 01, 2024 | $0.135 | OrdinaryDividend |
Oct 01, 2024 | $0.150 | OrdinaryDividend |
Sep 03, 2024 | $0.171 | OrdinaryDividend |
Aug 01, 2024 | $0.181 | OrdinaryDividend |
Jul 01, 2024 | $0.189 | OrdinaryDividend |
Jun 03, 2024 | $0.189 | OrdinaryDividend |
May 01, 2024 | $0.174 | OrdinaryDividend |
Apr 01, 2024 | $0.179 | OrdinaryDividend |
Mar 01, 2024 | $0.164 | OrdinaryDividend |
Feb 01, 2024 | $0.171 | OrdinaryDividend |
Dec 27, 2023 | $0.191 | OrdinaryDividend |
Dec 01, 2023 | $0.195 | OrdinaryDividend |
Nov 01, 2023 | $0.194 | OrdinaryDividend |
Oct 02, 2023 | $0.194 | OrdinaryDividend |
Sep 01, 2023 | $0.185 | OrdinaryDividend |
Aug 01, 2023 | $0.180 | OrdinaryDividend |
Jul 03, 2023 | $0.165 | OrdinaryDividend |
Jun 01, 2023 | $0.151 | OrdinaryDividend |
May 01, 2023 | $0.158 | OrdinaryDividend |
Apr 03, 2023 | $0.183 | OrdinaryDividend |
Mar 01, 2023 | $0.159 | OrdinaryDividend |
Feb 01, 2023 | $0.168 | OrdinaryDividend |
Dec 28, 2022 | $0.176 | Extra |
Dec 01, 2022 | $0.167 | OrdinaryDividend |
Nov 01, 2022 | $0.165 | OrdinaryDividend |
Oct 03, 2022 | $0.086 | OrdinaryDividend |
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