UTEN ETF — US Treasury 10 Year Note ETF

US Treasury 10 Year Note ETF (UTEN)

Updated October 16, 2026.

UTEN is a low-cost ETF. its distribution rate is 4.45%, its trailing-12-month yield is 4.26%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 94/100 (Safe). Total return is -2.8% over the past 4.2 years, 99.0 points behind SPY at 96.2%.

This ETF tracks a one-security index comprised of the most recently issued 10-year U.S. Treasury note, investing at least 80% of its assets in that component security. The fund carries a modest current distribution rate and distributes monthly, with a low expense ratio of 0.15%. It appeals to fixed income investors seeking direct exposure to intermediate-term Treasury debt with regular income payments.

UTEN performance versus SPY

Price and return data through 2026-10-16.

Total return is -2.8% over the past 4.2 years, 99.0 points behind SPY at 96.2%. Over the past year its total return — price change plus distributions reinvested — is -4.1%. Its deepest 1-year drawdown was 7.7%.

UTEN key facts

Distribution Safety Score™

94 · Safe

Safety-Adjusted Yield

4.18%

Issuer

F/m Investments

Asset type

ETF

Asset class

Fixed Income

Inception date

08/08/2022

Expense ratio

0.15%

Distribution rate

4.45%

Distribution frequency

Monthly

Trailing yield

4.26%

Last close

$41.20 (as of 2026-10-16)

AUM

$279,220,807

Average volume

77890.0

Dividend

$0.15293

Ex-dividend date

09/28/2026

Payment date

09/29/2026

Beta

1.26

How Dividend Vision calculates yield and returns

Distribution rate (4.45%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.26%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: F/m Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

UTEN risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.7%.

Who may consider UTEN — and who may not

UTEN may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on UTEN

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Tagged: Fixed Income, Treasury.

Frequently asked questions

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