F/M 3-Year Investment Grade Corporate Bond Etf
$49.73−0.27 (−0.54%)
- Expense ratio
- 0.15%
- Fund size
- $42M
- 1Y return
- +1.5%
- Yield · Last 12 months
- 4.28%
- Holdings
- 476
- Volume · 30D
- 0M sh
- NAV per share
- $49.94
- 52W range
The ETF.net ZTRE Grade
Score 57 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 52Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 36Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 19Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 79Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 21Category rank
Our read on ZTRE
BZTRE skips the maturity blender. It holds investment-grade corporate bonds with roughly three years left and rebalances monthly, so the three-year point on the credit curve stays the three-year point.
The fund seeks to track the ICE 3-Year US Target Maturity Corporate Index before fees and expenses. It is passively managed and normally invests at least 80% of assets in investment-grade corporate bonds maturing in approximately 2.5 to less than 3.5 years.
Why people hold it
- Precision over averages: bonds must have 2.5 to under 3.5 years left, and monthly rebalancing keeps that maturity from drifting as the portfolio ages.fminvest.com
- 0.15% a year, under the typical investment-grade corporate ETF, and income lands monthly rather than on the semiannual schedule of the underlying bonds.fminvest.com
- Roughly 500 issues, weighted evenly by design, so the heaviest borrowers do not automatically claim the biggest slice the way they do in debt-weighted bond indexes.fminvest.com
- One rung of a corporate ladder the issuer built from two years out to ten, for investors who want to pick a spot on the curve instead of buying the whole thing.fminvest.com
Worth knowing
- Small and thinly traded since its 2024 debut, which can mean wider bid-ask gaps than the household names of the category.
- Fair price, not the floor: broad investment-grade rivals VCIT and IGSB run closer to 0.04%, though neither pins itself to a single maturity point.
- The fund has changed underlying indexes since launch, so the current benchmark is worth checking rather than assuming the original one still applies.fminvest.com
ZTRE Holdings
- Bonds
- 476
- 3%
- Cash & Other
ZTRE 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 | ZTRE |
|---|---|
| Year to date | +0.3% |
| 1 month | −0.8% |
| 3 months | −0.1% |
| 1 year | +1.5% |
| 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 | ZTRE |
|---|---|---|
| 2026 YTD | +0.3% | |
| 2025 | +6.6% | |
| 2024 | +4.7% |
ZTRE in the news
ETF.net Research hasn’t filed on ZTRE yet — coverage lands here as it’s written.
ZTRE Dividends
- 4.28%
- $2.14
- $0.19 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 28, 2026 | $0.19 |
| Jul 28, 2026 | Jul 29, 2026 | $0.18 |
| Jun 29, 2026 | Jun 30, 2026 | $0.17 |
| May 28, 2026 | May 29, 2026 | $0.18 |
| Apr 28, 2026 | Apr 29, 2026 | $0.17 |
| Mar 30, 2026 | Mar 31, 2026 | $0.18 |
| Feb 26, 2026 | Feb 27, 2026 | $0.18 |
| Jan 29, 2026 | Jan 30, 2026 | $0.18 |
| Dec 30, 2025 | Dec 31, 2025 | $0.18 |
| Dec 2, 2025 | Dec 3, 2025 | $0.18 |
| Nov 3, 2025 | Nov 4, 2025 | $0.17 |
| Oct 1, 2025 | Oct 2, 2025 | $0.17 |
ZTRE Risk
- 2.1%
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.
- 0.07
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.
- −1.5%
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.
- 0.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ZTRE Cost
- The middle half of Investment Grade Corporate (0-5 Year) funds
- Median 0.15%
8 of the 23 Investment Grade Corporate (0-5 Year) funds charge less.