# F/m US Treasury 2 Year Note ETF (UTWO) — Overview

UTWO · NASDAQ · Fund

Canonical page: https://www.lighthorse.io/tickers/utwo

## Price

Last close $47.53 on Oct 15, 2026. 52-week range $47.29 – $48.70.

## Fund profile

UTWO is a passively managed, single-bond fund that invests in the most recently issued, “on-the-run,” 2-year US Treasury note. The fund is designed for those specifically required to track the 2-year tenor on the yield curve.

| Metric | Value |
| --- | --- |
| Issuer | F/m Investments LLC |
| Industry | — |
| Inception | Aug 9, 2022 |
| Assets under management | $509.6M |
| Expense ratio | 0.15% |
| Net asset value | $47.47 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is F/m US Treasury 2 Year Note ETF (UTWO)?

UTWO is a passively managed, single-bond fund that invests in the most recently issued, “on-the-run,” 2-year US Treasury note. The fund is designed for those specifically required to track the 2-year tenor on the yield curve.

### What is UTWO's expense ratio?

F/m US Treasury 2 Year Note ETF charges an annual expense ratio of 0.15%. The fund is issued by F/m Investments LLC.

### How large is UTWO?

F/m US Treasury 2 Year Note ETF manages $509.6M in assets and has traded since Aug 9, 2022.

### How do I buy shares of F/m US Treasury 2 Year Note ETF (UTWO)?

UTWO trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).