UTHY ETF: What Is It? A Complete Guide to Returns, Expense Ratio, Holdings and Alternative ETFs
The outlook for the F/m US Treasury 30 Year ETF (UTHY) share price and its dividends depends on interest rates. The fund concentrates on a single, most recently issued 30-year Treasury, so it tracks changes in the 30-year yield intuitively and precisely, without diversification.
SubscribeWhat Is the F/m US Treasury 30 Year ETF?
This fund holds a single position, the 30-year Treasury most recently issued by the US Treasury, and swaps it for the newly issued bond each time a new one is auctioned. It tracks one specific point on the long-term Treasury yield curve with precision.
It suits active bond investors who want to make a precise bet on movements in ultra-long Treasury yields.
The ETF is run by F/m Investments using a passive (index-tracking) approach.
How Does the F/m US Treasury 30 Year ETF Invest?
| Item | Details |
|---|---|
| Benchmark Index | Bloomberg US Treasury 30Y Total Return Index |
| Management Style | Passive (single-bond rollover) |
| Underlying Asset | US 30-year Treasury |
| Dividend Frequency | Monthly |
| Total Expense Ratio | 0.15% |
Rather than mixing bonds of various maturities available in the market, the fund holds only the latest 30-year Treasury issued by the Treasury Department. When a new 30-year bond is issued, the fund sells the existing bond and rolls over into the new one, keeping duration consistent.
- Concentrated investment in a single bond
- Precise tracking of the 30-year yield
F/m US Treasury 30 Year ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $219.9M, and the total expense ratio is 0.15% per year.
Because it holds just one bond of a specific maturity, managing interest rate sensitivity is more straightforward than with a typical long-term bond ETF.
F/m US Treasury 30 Year ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe 30-year Treasury yield reacts sensitively to macroeconomic indicators such as the inflation trend, the outlook for Federal Reserve monetary policy, and the pace of economic growth, and prices have shown volatility as a result.
Inflows tend to rise when investors expecting lower rates over the long term build strategic asset allocations, or when short-term uncertainty in the stock market increases and sentiment shifts toward safe-haven assets.
F/m US Treasury 30 Year ETF Pros and Cons
Its core strength is targeted exposure to the 30-year maturity, while the main drawback is the risk of large capital losses when interest rates rise.
💪 Key Strengths
⚠️ Points to Watch
F/m US Treasury 30 Year ETF Alternative ETFs and Related Products
GOVT, SHV, EMB and the others listed in the table are comparison products that hold bonds of different maturities or broad bond exposure such as emerging markets. For direct substitutes aimed at long-term Treasury exposure, investors can consider TLT and VGLT, which hold long-term bonds more broadly, and EDV, which has an even longer duration, is another option.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 GOVT | iShares U.S. Treasury Bond ETF | $22.19 | -0.3% | $43.2B | 0.05% | 3.8% | -4.0% |
 SHV | iShares 0-1 Year Treasury Bond ETF | $110.06 | +0.0% | $21.3B | 0.15% | 3.65% | -0.1% |
 BOXX | Alpha Architect 1-3 Month Box ETF | $118.84 | -0.0% | $14.4B | 0.19% | - | +4.0% |
 EMB | iShares J.P. Morgan USD Emerging Markets Bond ETF | $91.52 | -0.3% | $13.5B | 0.39% | 5.38% | -4.6% |
 GBIL | Goldman Sachs Access Treasury 0-1 Year ETF | $99.90 | +0.0% | $7.8B | 0.12% | 3.58% | -0.0% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 USLM | United States Lime & Minerals Inc | 2.99% | $121.04 | +1.7% | $3.5B | 26.1 | 0.2% |
F/m US Treasury 30 Year ETF Investor Checkpoints
Before investing in UTHY, it is important to carefully review its various risks and characteristics. It is a strategic investment tool that requires strong conviction about the direction of ultra-long interest rates and the ability to tolerate high portfolio volatility.
| Checkpoint | What to Confirm | Current Status |
|---|---|---|
| 💵 Rate Outlook | Whether you expect long-term rates to fall | High short-term volatility |
| ⏱ Duration | Understanding the high price sensitivity typical of ultra-long bonds | Very long |
| 🔄 Rollover Cost | Impact of transaction costs incurred when swapping bonds | Being managed |
The US 30-year Treasury has a very long duration, so its price sensitivity to interest rate changes is far higher than that of ordinary bonds. As a result, when rates keep rising, there is a constant risk of capital losses far larger than expected within a short period.
Unlike conventional bond funds, it can serve as a very useful tool for investors who want pure, single-bond exposure to the 30-year Treasury without portfolio diversification. However, given its high volatility, it is safer for portfolio management to approach it with a strategic, short-term view and adjust the weighting accordingly rather than holding it for the long term.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 29, 2026.
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