F/M 10-Year Investment Grade Corporate Bond Etf
$48.19−0.67 (−1.37%)
- Expense ratio
- 0.15%
- Fund size
- $29M
- 1Y return
- −0.3%
- Yield · Last 12 months
- 5.20%
- Holdings
- 246
- Volume · 30D
- 0M sh
- NAV per share
- $48.76
- 52W range
The ETF.net ZTEN Grade
Score 58 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 47Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 88Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 63Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 33Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 58Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 41Category rank
Our read on ZTEN
BMost corporate bond funds smear across a maturity range. ZTEN parks on one point of the curve: investment-grade corporates with roughly nine and a half to ten and a half years left, held in even slices and refreshed monthly.
The fund seeks to track, before fees and expenses, the price and yield performance of the ICE 10-Year US Target Maturity Corporate Index.
Why people hold it
- Precision instead of a range: it targets bonds within about six months either side of the 10-year mark, so the exposure stays a 10-year exposure rather than drifting shorter.fminvest.com
- Even weighting across holdings, which keeps the biggest serial borrowers from swallowing the portfolio the way they can in size-weighted corporate indexes.fminvest.com
- 0.15% a year, below the typical investment-grade corporate ETF fee, with income paid monthly.
- Roughly 300 developed-market investment-grade bonds under the hood, so any single issuer stumble lands as a small slice, not a headline.
Worth knowing
- The broad index giants cost a fraction of this. VCIT and IGIB run in the low single-digit basis points, but they spread across a maturity band instead of one target year.
- Launched in 2024, still a small fund and thinly traded, so spreads can be wider than in the mega-funds and hurried orders can print away from fair value.
- Ten-year paper swings more with rates than short-dated corporate funds like IGSB. That is the price of sitting further out on the curve.
ZTEN Holdings
- Bonds
- 246
- 5%
- Cash & Other
ZTEN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ZTEN |
|---|---|
| Year to date | −1.5% |
| 1 month | −0.7% |
| 3 months | −1.8% |
| 1 year | −0.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ZTEN |
|---|---|---|
| 2026 YTD | −1.5% | |
| 2025 | +9.2% | |
| 2024 | +3.4% |
ZTEN in the news
ETF.net Research hasn’t filed on ZTEN yet — coverage lands here as it’s written.
ZTEN Dividends
- 5.20%
- $2.54
- $0.22 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 28, 2026 | $0.22 |
| Jul 28, 2026 | Jul 29, 2026 | $0.22 |
| Jun 29, 2026 | Jun 30, 2026 | $0.20 |
| May 28, 2026 | May 29, 2026 | $0.21 |
| Apr 28, 2026 | Apr 29, 2026 | $0.20 |
| Mar 30, 2026 | Mar 31, 2026 | $0.21 |
| Feb 26, 2026 | Feb 27, 2026 | $0.21 |
| Jan 29, 2026 | Jan 30, 2026 | $0.21 |
| Dec 30, 2025 | Dec 31, 2025 | $0.21 |
| Dec 2, 2025 | Dec 3, 2025 | $0.21 |
| Nov 3, 2025 | Nov 4, 2025 | $0.21 |
| Oct 1, 2025 | Oct 2, 2025 | $0.21 |
ZTEN Risk
- 5.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.01
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −5.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ZTEN Cost
- The middle half of Investment Grade Corporate (10+ Year) funds
- Median 0.15%
3 of the 7 Investment Grade Corporate (10+ Year) funds charge less.