F/M 2-Year Investment Grade Corporate Bond EtfZTWO

F/mBonds & CashCorporate#221 of 786 by YTD

$49.95

−0.1% last session

+1.8% YTD

Data as of 11/6/20264:00 PM ET · End-of-day

Dividend-adjusted return from the previous close · S&P 500 uses VOOZTWOS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.1%	+0.6%	+0.4%	+1.8%	+2.7%	—	—	+12.8%
Peer average	0.0%	+1.2%	0.0%	+0.5%	+1.4%	+19.5%	+5.8%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

Key Statistics

Open all fund facts →

AUM: $18M
Expense ratio: 0.15%
Distribution yield: 4.2%
NAV: $50.08
Volume: 689
Avg. volume 30D: 1K
High today: $49.95
Low today: $49.94
Previous close: $49.99
52-week high: $51.00
52-week low: $49.58
How bumpy · 1Y: 0.1× S&P↓ see why

ZTWO in One Breath

ZTWO Among Corporate ETFs

YTD

#1RAAAReckoner+4.8%$42.5M

#2CLOCAAM+4.7%$62.0M

#3PCMMBondBloxx+4.6%$269M

#4BCLOiShares+4.5%$113M

#5PSQAPalmer Square+4.4%$252M

#6ACLOTCW+4.4%$595M

#7NCLONuveen+4.3%$248M

#8PCLOVirtus+4.3%$18.7M

#42ZTWOF/m+1.8%$18.0M

End-of-day Nov 7, 2026 · 139 Corporate ETFs by YTD

$10,000 in ZTWO

$10,000 in ZTWO became

$11,275

In the S&P 500 (VOO)

$15,974

Total return, dividends in · Jan 11, 2024 – Nov 6, 2026 · S&P 500 uses VOO

ZTWO’s Top Holdings

Today

Cash & OtherCash & Other1.2%United Parce0.2%DAE Airfinan0.2%Moody's Corp0.2%Barings Priv0.2%Mattel Inc 30.2%Veralto Corp0.2%WRKCo Inc 3.0.2%Liberty Util0.2%BHP Billiton0.2%Equinix Inc 0.2%Gartner Inc 0.2%HEICO Corp 50.2%Prologis Tar0.2%Thermo Fishe0.2%HCA Inc 5.2%0.2%Las Vegas Sa0.2%New Mountain0.2%Dollar Gener0.2%Cisco System0.2%McKesson Cor0.2%Capital Powe0.2%

F/m ZTWO · 465 holdings · top 22 shown · tile size = share of the fund · as of Nov 6, 2026

What ZTWO Holds

Today

All holdings100.0%

Cash & Oth 1.2 · United Par · DAE Airfin · Moody's Co · Barings Pr · Mattel Inc · Veralto Co

F/m ZTWO · share of the fund · as of Nov 6, 2026

Cash’s Share of ZTWO

Today

1.2%

$12 of every $1,000 in ZTWO is Cash

Cash held by ZTWO

$215K

F/m ZTWO · each square = $10 of $1,000 · as of Nov 6, 2026

ZTWO’s Share of Corporate ETFs

Today

0.0%

of the $398B in 169 Corporate ETFs

ZTWO$18.0M0.0%

VCIT$66.6B16.7%

VCSH$43.9B11.0%

166 others$287B72.2%

Corporate ETF AUM · Nov 7, 2026

ZTWO Fee per $100 vs Peers

Today

$0.15a year
per $100

$15 a year on $10,000

VCIT$0.03

VCSH$0.03

IGSB$0.04

LQD$0.14

ZTWO$0.15

JAAA$0.20

Expense ratio · Corporate peers · Nov 7, 2026

Inside ZTWO

465 holdings · as of Nov 6, 2026

ZTWO

F/M 2-Year Investment Grade Corporate Bond Etf

Today

All holdings100.0%464 more holdings98.8% of the fund

#	Ticker	Company	Weight ▼
1	—	Cash & Other	1.19%
2	—	United Parcel Service 3.4% 03/15/2029	0.23%
3	—	DAE Airfinance 6.4% 03/26/2029	0.22%
4	—	Moody's 4.25% 02/01/2029	0.22%
5	—	Barings Private Credit 5.75% 02/06/2029	0.22%
6	—	Mattel 3.75% 04/01/2029	0.22%
7	—	Veralto 5.35% 09/18/2028	0.22%
8	—	WRKCo 3.9% 06/01/2028	0.22%
9	—	Liberty Utilities 5.577% 01/31/2029	0.22%
10	—	BHP Billiton Finance USA 5.1% 09/08/2028	0.22%

See all 465 holdings ↓

F/m ZTWO · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 5.4%

All ZTWO Holdings

465 holdings · as of Nov 6, 2026

ZTWO

ZTWO’s Holdings

Today

#
1	—Cash & Other	1.19%	$119.18	$215K
2	—United Parcel Service 3.4% 03/15/2029	0.23%	$22.54	$41K
3	—DAE Airfinance 6.4% 03/26/2029	0.22%	$22.48	$41K
4	—Moody's 4.25% 02/01/2029	0.22%	$22.41	$40K
5	—Barings Private Credit 5.75% 02/06/2029	0.22%	$22.40	$40K
6	—Mattel 3.75% 04/01/2029	0.22%	$22.37	$40K
7	—Veralto 5.35% 09/18/2028	0.22%	$22.36	$40K
8	—WRKCo 3.9% 06/01/2028	0.22%	$22.33	$40K
9	—Liberty Utilities 5.577% 01/31/2029	0.22%	$22.33	$40K
10	—BHP Billiton Finance USA 5.1% 09/08/2028	0.22%	$22.29	$40K
11	—Equinix 2% 05/15/2028	0.22%	$22.29	$40K
12	—Gartner 4.5% 07/01/2028	0.22%	$22.29	$40K
13	—Heico 5.25% 08/01/2028	0.22%	$22.28	$40K
14	—Prologis Targeted US Logistics Fund LP 5.25% 04/01/2029	0.22%	$22.27	$40K
15	—Thermo Fisher Scientific 5% 01/31/2029	0.22%	$22.27	$40K

F/m ZTWO · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

ZTWO

F/M 2-Year Investment Grade Corporate Bond Etf’s Peers

YTD


VCIT	VanguardRead Desk	0.03%	−0.8%	+0.4%	$66.6B
VCSH	VanguardRead Desk	0.03%	+1.3%	+2.3%	$43.9B
LQD	iSharesRead Desk	0.14%	−1.4%	−0.7%	$33.0B
JAAA	Janus HendersonRead Desk	0.20%	+3.9%	+4.8%	$32.5B
IGSB	iSharesRead Desk	0.04%	+1.3%	+2.4%	$23.8B
ZTWO	F/mThis fundRead Desk	0.15%	+1.8%	+2.7%	$18M

Corporate peers · YTD and past-year returns · as of Nov 8, 2026 · sorted by AUM

Head to Head

Put ZTWO head to head with VCIT →

VCIT vs ZTWO

YTD

VCITVanguard · CorporateZTWOF/m · Corporate

Year to date

−0.8%

+1.8%

ZTWO wins+2.6 pts

Past year

+0.4%

+2.7%

ZTWO wins+2.3 pts

Fee

0.03%

0.15%

VCIT winslower fee

Yield

5.0%

4.2%

VCIT wins+0.8 pts

AUM

$66.6B

$18.0M

VCIT3693.8× more

2–2level

Vanguard VCIT and F/m ZTWO · year-to-date · as of Nov 8, 2026 · AUM not scored

ZTWO vs VOO

YTD

ZTWO · F/M 2-Year Investment Grade Corporate Bond

+1.8%

VOO · S&P 500

+8.7%

Gap

6.9 pts

F/m ZTWO and Vanguard VOO · YTD total return · as of Nov 8, 2026

ZTWO vs Its Peer Average

YTD

ZTWOAvsBPeer average

1D−0.1%0.0%

1M+0.6%+1.2%

3M+0.4%0.0%

YTD+1.8%+0.5%

1Y+2.7%+1.4%

3Y[…]+19.5%

5Y[…]+5.8%

3–2ZTWO wins

168 Corporate peers · each row scaled to its leader

How Bumpy Is ZTWO?

View

ZTWO

How Bumpy

0.1×the S&P 500’s swings

CalmerBumpierS&P 1×ZTWO

Calm rank among 7 corporate funds#2

Other corporate funds0.1× to 0.4×

F/m ZTWO · daily swings over the past year vs the S&P 500

ZTWO

Worst Drop

−0.9%from its Feb 27 high

Still below the high−0.1%

$10,000 at the high is now$9,990

F/m ZTWO · fall from the highest close, past year

ZTWO

On a Bad Day

0.0×the S&P 500’s fall

ZTWO’s worst day: Thursday, Mar 12

ZTWO

−0.3%

S&P 500

−1.5%

Up days49 of every 100

S&P 500 up days52 of every 100

F/m ZTWO · average move on days the S&P 500 fell

ZTWO

Return for the Bumps

1Y#2 of 7 corporate funds

#1JAAAJanus Henderson

most for the bumps

#2ZTWOF/m

less than cash

#3IGSBiShares

less than cash

#4VCSHVanguard

less than cash

#5VCITVanguard

less than cash

#6IGIBiShares

less than cash

#7LQDiShares

lost money

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

ZTWO

Cost

Today

$15a year per $10,000

VCIT

VCSH

IGSB

IGIB

LQD

$14

ZTWO

$15

JAAA

$20

Expense ratio 0.15%, taken from the fund’s value

ZTWO

Volatility & Beta

1.6%annual volatility

S&P 500 volatility13.6%

Downside volatility1.0%

Beta vs SPY0.02

Correlation vs SPY0.21

Beta rank, lowest first, of 7#2

Daily total returns × √252 · past 254 trading days

ZTWO

Max Drawdown

−0.9%peak to trough

Peak closeFeb 27, 2026

Current drawdown−0.1%

Worst day−0.28% · Mar 12

Closing prices, dividends in

ZTWO

Up / Down Capture

1%down capture vs SPY

Down days

Up days

S&P 500

100%

Up ÷ down capture3.57

Up days49.2% (S&P 52.0%)

Average daily move on SPY up days and down days

ZTWO

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
JAAA	1.54	2.54	0.7%	−0.4%	0.01	$20
ZTWO	−0.71	−1.08	1.6%	−0.9%	0.02	$15
IGSB	−0.72	−1.02	2.1%	−1.6%	0.06	$4
VCSH	−0.75	−1.06	2.1%	−1.6%	0.06	$3
VCIT	−0.80	−1.10	4.5%	−4.9%	0.14	$3
IGIB	−0.81	−1.11	4.5%	−5.0%	0.14	$4
LQD	−0.84	−1.15	5.6%	−6.0%	0.18	$14

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

ZTWO

Trading

Today

−0.26%below its holdings’ value

Close$49.95

NAV$50.08

Fee per $10,000$15 a year

Avg. volume 30D1K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

ZTWO

Fund Facts

Today

2024launched Jan 10

Tracks[…]

Exchange · CUSIPNASDAQ · 74933W429

StructureETF

Leverage1x

Cost on $10,000$15 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

F/m ZTWO · fund facts · as of Nov 8, 2026

ZTWO

Payouts by Year

$0.19per share, Oct 2026

Distribution yield4.2%

PaidEvery month

Latest ex-date · paidOct 27 · Oct 28, 2026

12 payouts added up$2.11 a share

F/m ZTWO · distributions by ex-date · 2024–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗SEC reported portfolio · 2025-11-30 ↗SEC reported portfolio · 2025-08-31 ↗SEC reported portfolio · 2025-05-31 ↗SEC reported portfolio · 2025-02-28 ↗SEC reported portfolio · 2024-11-30 ↗SEC reported portfolio · 2024-08-31 ↗SEC reported portfolio · 2024-05-31 ↗SEC reported portfolio · 2024-02-29 ↗SEC reported portfolio · 2024-02-29 ↗

Trading & Liquidity

Net asset value$50.08

Premium / discount[…]

Median spread · 30D[…]

Volume today689

Average volume · 30D1K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.15%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$15.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Oct 27, 2026	Oct 28, 2026	$0.19
Sep 28, 2026	Sep 29, 2026	$0.18
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

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