F/M 2-Year Investment Grade Corporate Bond Etf
$49.92−0.17 (−0.34%)
- Expense ratio
- 0.15%
- Fund size
- $18M
- 1Y return
- +2.5%
- Yield · Last 12 months
- 4.15%
- Holdings
- 456
- Volume · 30D
- 0M sh
- NAV per share
- $50.02
- 52W range
The ETF.net ZTWO Grade
Score 63 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.BScore 65Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 21Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 85Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 32Category rank
Our read on ZTWO
BMost funds in the target-maturity aisle have an expiration date. ZTWO doesn't: it keeps rolling, always holding investment-grade corporate bonds 1.5 to under 2.5 years from maturity, so the two-year rung never empties.
The fund is passively managed and seeks to track, before fees and expenses, the price and yield performance of the ICE 2-Year US Target Maturity Corporate Index. It normally invests at least 80% of net assets in investment-grade corporate bonds with 1.5 to less than 2.5 years remaining to maturity.
Why people hold it
- No maturity date. The index resets, so the fund always holds corporates 1.5 to under 2.5 years out instead of liquidating on a set date and handing back cash to redeploy.finance.yahoo.com
- Roughly 300 investment-grade corporate bonds, index-picked. No single-issuer wager, and one of the cleaner, better-diversified portfolios in its peer group.
- Short maturities mean less price movement when rates swing than longer corporate bond funds, and interest is passed through monthly.
Worth knowing
- 0.15% a year. The big defined-maturity ladders (IBDU, BSCT) run cheaper; that gap is the toll for the rolling structure.
- Nothing matures. Ladder builders who want a dated return-of-principal moment get that from BulletShares and iBonds, not from a perpetual fund.
- Young, small and lightly traded next to the iShares and Invesco lineups, so spreads can widen. Limit orders earn their keep.
ZTWO Holdings
- Bonds
- 456
- 3%
- Cash & Other
ZTWO 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 | ZTWO |
|---|---|
| Year to date | +1.3% |
| 1 month | −0.3% |
| 3 months | +0.5% |
| 1 year | +2.5% |
| 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 | ZTWO |
|---|---|---|
| 2026 YTD | +1.3% | |
| 2025 | +5.5% | |
| 2024 | +5.0% |
ZTWO in the news
ETF.net Research hasn’t filed on ZTWO yet — coverage lands here as it’s written.
ZTWO Dividends
- 4.15%
- $2.08
- $0.18 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 28, 2026 | $0.18 |
| Jul 28, 2026 | Jul 29, 2026 | $0.18 |
| Jun 29, 2026 | Jun 30, 2026 | $0.17 |
| May 28, 2026 | May 29, 2026 | $0.17 |
| Apr 28, 2026 | Apr 29, 2026 | $0.18 |
| Mar 30, 2026 | Mar 31, 2026 | $0.18 |
| Feb 26, 2026 | Feb 27, 2026 | $0.17 |
| Jan 29, 2026 | Jan 30, 2026 | $0.17 |
| Dec 30, 2025 | Dec 31, 2025 | $0.17 |
| Dec 2, 2025 | Dec 3, 2025 | $0.17 |
| Nov 3, 2025 | Nov 4, 2025 | $0.17 |
| Oct 1, 2025 | Oct 2, 2025 | $0.17 |
ZTWO Risk
- 1.4%
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.
- 0.11
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.
- −0.9%
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.
- 0.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ZTWO 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.