Designed to provide broad exposure to the Government Bond ETFs category of the market, the F/m US Treasury 30 Year Bond ETF (UTHY Quick QuoteUTHY - Free Report) is a smart beta exchange traded fund launched on 03/28/2023.

What Are Smart Beta ETFs?

Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.

Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.

There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.

By attempting to pick stocks that have a better chance of risk-return performance, non-cap weighted indexes are based on certain fundamental characteristics, or a combination of such.

The smart beta space gives investors many different choices, from equal-weighting, one of the simplest strategies, to more complicated ones like fundamental and volatility/momentum based weighting. However, not all of these methodologies have been able to deliver remarkable returns.

Fund Sponsor & Index

UTHY is managed by Us Benchmark Series, and this fund has amassed over $202.73 million, which makes it one of the average sized ETFs in the Government Bond ETFs. Before fees and expenses, this particular fund seeks to match the performance of the BBG US TRS BELLWETHER 30Y TR USD UNH ID .

The Bloomberg US Treasury Bellwether 30Y Total Return USD Unhedged Index tracks the most recent or on-the-run 30 Year US Treasury security and is rebalanced on the last day of each month.

Cost & Other Expenses

For ETF investors, expense ratios are an important factor when considering a fund's return; in the long-term, cheaper funds actually have the ability to outperform their more expensive cousins if all other things remain the same.

Operating expenses on an annual basis are 0.15% for UTHY, making it on par with most peer products in the space.

UTHY's 12-month trailing dividend yield is 4.88%.

Sector Exposure and Top Holdings

Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.

UTHY's top 10 holdings account for about 100.01% of its total assets under management.

Performance and Risk

So far this year, UTHY has lost about -3.27%, and is down about -3.61% in the last one year (as of 09/22/2026). During this past 52-week period, the fund has traded between $38.14 and $43.43.

The ETF has a beta of 0.53 and standard deviation of 12.78% for the trailing three-year period. With about 2 holdings, it has more concentrated exposure than peers .

Alternatives

F/m US Treasury 30 Year Bond ETF is a reasonable option for investors seeking to outperform the Government Bond ETFs segment of the market. However, there are other ETFs in the space which investors could consider.

iShares 10-20 Year Treasury Bond ETF (TLH) tracks ICE U.S Treasury 10-20 Year Bond Index and the iShares 20+ Year Treasury Bond ETF (TLT) tracks ICE U.S. Treasury 20+ Year Bond Index. iShares 10-20 Year Treasury Bond ETF has $11.04 billion in assets, iShares 20+ Year Treasury Bond ETF has $47.75 billion. TLH has an expense ratio of 0.15% and TLT changes 0.15%.

Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Government Bond ETFs

Bottom Line

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.