F/M 10-Year Investment Grade Corporate Bond Etf

Frequently Asked Questions About ZTEN

What does ZTEN invest in?

ZTEN targets US corporate bonds maturing in ten years. The fund tracks an index consisting of USD-denominated, investment grade corporate debt securities that have at least 9.5 years but less than 10.5 years remaining to maturity and at least $300 million face value amount outstanding. Eligible securities must be rated in the four highest credit categories by at least one nationally recognized rating agency. The index selects one security per issuer, considering rank, amount outstanding, and time since issue. With regards to rank, senior bonds are selected first, followed by senior secured debt, and finally, all subordinated debt. The fund may invest in debt securities issued by US and non-US corporations of any sector. Holdings are weighted equally. The index reconstitutes and rebalances on the last calendar day of each month. Prior to April 7, 2025, the fund tracked the ICE 10-Year US Target Maturity Corporate Index.

What is the expense ratio of ZTEN?

F/M 10-Year Investment Grade Corporate Bond Etf (ZTEN) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

What is ZTEN's dividend yield?

ZTEN's trailing-twelve-month yield is 5.10%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of ZTEN?

Effective duration measures ZTEN's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. ZTEN's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of ZTEN?

ZTEN's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of ZTEN?

Yield to maturity (YTM) is the total return you'd earn from ZTEN if every bond in the portfolio is held to maturity at the current price. ZTEN's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.