US Treasury 10 Year Note ETF (UTEN)
Company overview
UTEN is part of the first single-bond ETF suite. The targeted holding makes this ETF very different from other ETFs holding a basket of 10-year Treasury notes. This is a tool used in portfolio management. The fund tracks an index that holds just the on-the-run 10-year US Treasury notes, which are the most recently issued and most liquid. At each monthly rebalancing, the underlying issue is sold and rolled into a newly selected issue, given that there has been a new public sale or auction by the US Government for 10-year Treasury notes. This roll transition occurs on one day, each month. The fund pays transaction costs when it buys and sells securities. These costs are not reflected in the annual fund operating expenses and should be expected. The fund will experience a very high turnover. This may result in higher taxes, as compared to other ETFs, if the shares are held in a taxable account. Prior to April 7, 2025, the fund tracked the ICE BofA Current 10-Year US Treasury Index. Effective July 1, 2025, the fund appended F/m to its fund name.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
US Treasury 10 Year Note ETF (UTEN)
No price history available.
UTEN is part of the first single-bond ETF suite. The targeted holding makes this ETF very different from other ETFs holding a basket of 10-year Treasury notes. This is a tool used in portfolio management. The fund tracks an index that holds just the on-the-run 10-year US Treasury notes, which are the most recently issued and most liquid. At each monthly rebalancing, the underlying issue is sold and rolled into a newly selected issue, given that there has been a new public sale or auction by the US Government for 10-year Treasury notes. This roll transition occurs on one day, each month. The fund pays transaction costs when it buys and sells securities. These costs are not reflected in the annual fund operating expenses and should be expected. The fund will experience a very high turnover. This may result in higher taxes, as compared to other ETFs, if the shares are held in a taxable account. Prior to April 7, 2025, the fund tracked the ICE BofA Current 10-Year US Treasury Index. Effective July 1, 2025, the fund appended F/m to its fund name.
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