F/M 10-Year Investment Grade Corporate Bond Etf (ZTEN)
F/M 10-Year Investment Grade Corporate Bond Etf operates in the Asset Management industry of the Financial Services sector, headquartered in Washington, DC, US. The stock last traded at $47.98, down 1.21% on the session, giving a market capitalisation of $62.7M. Its beta of 0.20 implies it has historically moved less than the broad market.
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.
F/M 10-Year Investment Grade Corporate Bond Etf is most often compared with the following Financial Services names: