ZTWO F/m 2-Year Investment Grade Corporate Bond ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

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ZTWO — —
Key stats
About

F/m 2-Year Investment Grade Corporate Bond ETF (ZTWO) ETF

No description available.

Exchange
XNAS
Inception
2024-01-10
Has Options
No
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
Taxable Bond Investment-Grade Corporate#70 of 90 by assets F/m Investments
Expense ratio
0.15%
prospectus, filed Jan 5, 2026
Assets
$18M
SEC filing, May 31, 2026
Trailing yield
4.18%
paid monthly
Average daily volume
$67K
30 sessions
Holdings
445
top 10 are 2.3%
Listed
Jan 10, 2024
Nasdaq
Closure risk, 12 months
6.7%
low: trading volume, age · model
FrenzyCap ETF score
46
how it is built
Cost70
Liquidity0
Scale8
Diversification100

Moves with. Long Treasuries (9% of its variance, beta 0.04); US large-cap stocks (4% of its variance, beta 0.03); US dollar (4% of its variance, beta -0.04); High yield over Treasuries (3% of its variance, beta -0.07). These factors explain 25% of its daily moves over the last year, so most of what drives this fund is something else.

Stated objective. The investment objective of the F/m 2-Year Investment Grade Corporate Bond ETF (the F/m 2Y Bond Fund or the Fund) is to seek investment results that correspond (before fees and expenses) generally to the price and yield performance of the Bloomberg US Liquid Corporate 2 Year Maturity Index (I39297US) (the Underlying Index). (from the fund's prospectus)

All 445 holdingsFlow historyOverlap toolAll Investment-Grade Corporate ETFs

Fund flows
through May 2026SEC filings
May 2026
$0
latest reported month
Latest 3 months
+$620
0.0% of assets
Latest 12 months
−$12M
−66.8% of assets
May 2025: −$10M−$10MJun 2025: +$2.0M+$2.0MJunJul 2025: −$2.0MSep 2025: −$2KSepOct 2025: +$304Nov 2025: −$1KNovDec 2025: −$2KJan 2026: −$2.0MJanFeb 2026: +$140Mar 2026: +$620MarApr 2026: $0May 2026: $0May
View as a table
Net flows of ZTWO by month, May 2025 to May 2026
MonthNet flow
May 2026$0
Apr 2026$0
Mar 2026+$620
Feb 2026+$140
Jan 2026−$2.0M
Dec 2025−$2K
Nov 2025−$1K
Oct 2025+$304
Sep 2025−$2K
Jul 2025−$2.0M
Jun 2025+$2.0M
May 2025−$10M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 28 months ago

Similar funds
FundOverlapFeeAssets1Y
VCITVanguard Intermediate-Term Corporate Bond ETF—0.03%$67.6B−6.1%compare
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF—0.14%$29.7B−7.4%compare
IGIBiShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF—0.04%$19.5B−6.1%compare
USIGiShares Broad USD Investment Grade Corporate Bond ETF—0.04%$18.0B−5.9%compare
SPIBState Street SPDR Portfolio Intermediate Term Corporate Bond ETF—0.04%$11.4B−4.3%compare

The largest other funds in the Investment-Grade Corporate category.

ETF Profile
holdings as of 2026-05-31
Holdings
445
AUM
$18.0M
Provider
Nport
Inception
2024-01-10
Exchange
XNAS
Data As Of
2026-05-31
Expense Ratio
0.15%
Dividend Yield
4.18%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-09-28 2026-09-29 $0.1817 CD
2026-08-27 2026-08-28 $0.1815 CD
2026-07-28 2026-07-29 $0.1815 CD
2026-06-29 2026-06-30 $0.1656 CD
2026-05-28 2026-05-29 $0.1732 CD
2026-04-28 2026-04-29 $0.1785 CD
Asset Allocation
Top Holdings
top 50 of 445 holdings
Symbol Name Weight % Asset Class Country
— NUTRIEN LTD 0.23% Debt CA
— HYATT HOTELS CORP 0.23% Debt US
— TAKE-TWO INTERACTIVE SOF 0.23% Debt US
— XYLEM INC 0.23% Debt US
— VERIZON COMMUNICATIONS 0.23% Debt US
— CISCO SYSTEMS INC 0.23% Debt US
— REALTY INCOME CORP 0.23% Debt US
— NORTHROP GRUMMAN CORP 0.23% Debt US
— GATX CORP 0.23% Debt US
— HERSHEY COMPANY 0.23% Debt US
— MASTERCARD INC 0.23% Debt US
— STATE STREET CORP 0.23% Debt US
— CONSUMERS ENERGY CO 0.23% Debt US
— KIMCO REALTY OP LLC 0.23% Debt US
— AVALONBAY COMMUNITIES 0.23% Debt US
— BRISTOL-MYERS SQUIBB CO 0.23% Debt US
— SIMON PROPERTY GROUP LP 0.23% Debt US
— BOEING CO 0.23% Debt US
— XCEL ENERGY INC 0.23% Debt US
— COCA-COLA CO/THE 0.23% Debt US
— AT&T INC 0.23% Debt US
— SYNCHRONY FINANCIAL 0.23% Debt US
— EOG RESOURCES INC 0.23% Debt US
— AUTOMATIC DATA PROCESSNG 0.23% Debt US
— CTR PARTNERSHIP/CARETRST 0.23% Debt US
— BLOCK FINANCIAL LLC 0.23% Debt US
— AMEREN CORP 0.23% Debt US
— ESSEX PORTFOLIO LP 0.23% Debt US
— ABBOTT LABORATORIES 0.23% Debt US
— BLUE OWL TECHNOLOGY FINA 0.23% Debt US
— WESTERN-SOUTHERN GLOBAL 0.23% Debt US
— BOSTON SCIENTIFIC CORP 0.23% Debt US
— TOLL BROS FINANCE CORP 0.23% Debt US
— SABINE PASS LIQUEFACTION 0.23% Debt US
— REGENCY CENTERS LP 0.23% Debt US
— NEW YORK LIFE GLOBAL FDG 0.23% Debt US
— CATERPILLAR FINL SERVICE 0.23% Debt US
— CONTINENTAL RESOURCES 0.23% Debt US
— PATTERSON-UTI ENERGY INC 0.23% Debt US
— STORE CAPITAL LLC 0.23% Debt US
— FREEPORT-MCMORAN INC 0.23% Debt US
— AMERICAN HOMES 4 RENT 0.23% Debt US
— TOYOTA MOTOR CREDIT CORP 0.23% Debt US
— PNC FINANCIAL SERVICES 0.23% Debt US
— MACQUARIE BANK LTD 0.23% Debt AU
— 7-ELEVEN INC 0.23% Debt US
— GOLDMAN SACHS GROUP INC 0.23% Debt US
— TORONTO-DOMINION BANK 0.23% Debt CA
— CONSTELLATION EN GEN LLC 0.23% Debt US
— SOUTHWEST GAS CORP 0.23% Debt US
Non-Equity Breakdown
F/m 2-Year Investment Grade Corporate Bond ETF · NPORT-P period 2026-05-31 (filed 2026-07-28)
Net assets: $18M · 445 total positions · equity 0.00% · non-equity 99.10%
Non-equity holdings — 445 positions, 99.10% of NAV
Category Weight Value Positions
Corporate 98.75% $17.9M 443
Short-term investment 0.35% $64305 2
Chart
Seasonality
'24'25'26Avg
Jan0.15%0.49%0.03%0.22%
Feb-0.36%0.78%0.05%0.16%
Mar0.35%0.28%-0.77%-0.05%
Apr-0.19%0.58%-0.04%0.12%
May0.59%0.32%-0.03%0.29%
Jun0.34%0.72%-0.04%0.34%
Jul1.26%0.13%-0.27%0.37%
Aug0.82%0.36%-0.06%0.37%
Sep0.79%0.46%-1.06%0.06%
Oct-0.57%0.17%0.41%*0.00%
Nov0.59%0.45%--0.52%
Dec-0.19%-0.22%---0.21%
Total3.62%4.61%-1.77%2.15%
* Only 3 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $49.80
SMA 50: $50.04
SMA 200: $50.44
Current: $49.98
EMA 12: $49.87
EMA 26: $49.89
MACD: -0.0283 | Signal: 0.0372
BEARISH
ADX (14): 19.64
RANGE
+DI: 43.34
−DI: 24.92

Momentum Oscillators

RSI (14): 55.18
NEUTRAL
Stoch %K: 81.23
Stoch %D: 74.01
Williams %R: -17.41

Volume & Volatility

BB Upper: $49.97
BB Lower: $49.64
OVERBOUGHT
OBV: 89,081
Vol SMA 20: 1,450
Vol ROC: -53.50%
ATR: $0.08
True Range: $0.03
HV 20: 2.8%
HV 30: 2.8%
HV 60: 2.2%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis

LLM Stock Analysis Report: ZTWO

Executive Summary

Overall Assessment: NEUTRAL (6/10)

Key Drivers and Primary Risks:

  • Technical signals are mixed, with a bearish MACD signal and neutral RSI reading
  • Recent news headlines have been neutral, with no significant market-moving events
  • Low volatility and beta indicate a relatively stable stock

Investment Thesis: ZTWO is a moderately volatile stock trading within a range. The recent lack of market-moving news and mixed technical signals suggest a wait-and-see approach.

Recent News Sentiment Impact:

  • The neutral news headline from MarketWatch has had no significant impact on the stock price or sentiment

Technical Analysis

Trend Direction: Range-bound (1-4 weeks)

Support/Resistance Levels:

  • Lower Bollinger Band: $50.14
  • Middle Bollinger Band: $50.33
  • Upper Bollinger Band: $50.52
  • SMA 20: $50.33
  • SMA 50: $50.35

Momentum Signals:

  • RSI (14): 36.50 (neutral)
  • MACD signal: -0.02 / Histogram: -0.03 (bearish)
  • Bollinger Bands position: neutral

Volume Analysis: Volume trends suggest a lack of institutional interest, with a declining volume rate of change.

News & Sentiment Analysis

Recent Headlines Summary: Neutral news headlines have dominated the past week, with no significant market-moving events.

Sentiment Assessment: Neutral (60%)

Catalyst Identification: No upcoming earnings or product launches announced.

Market Narrative: The lack of significant news and mixed technical signals suggest a wait-and-see approach.

Risk & Volatility Assessment

Beta Interpretation: Low volatility - stock moves less than market (beta: 0.02)

Volatility Regime: Historical volatility is relatively high, but current volatility is low.

Options Market Signals: No options data available for analysis.

Downside Protection: Support levels are provided by the Lower Bollinger Band and SMA 20.

Market Context & Positioning

Sector Performance: ZTWO's performance has been modestly positive within its sector.

Institutional Activity: A lack of institutional interest is evident from the declining volume rate of change.

Correlation Analysis: ZTWO has a relatively low correlation with the broader market (R-squared: 0.19).

Relative Valuation: ZTWO trades near the lower end of its historical range, suggesting some value.

Key Levels & Action Items

Critical Price Levels: Lower Bollinger Band ($50.14), Middle Bollinger Band ($50.33)

Breakout/Breakdown Levels: Upper Bollinger Band ($50.52) and SMA 20 ($50.33)

Time-Sensitive Catalysts: No upcoming earnings or product launches announced.

Risk Management: Consider using stop-loss levels at the Lower Bollinger Band ($50.14) for risk management.

Generated
News
All ZTWO news →

ZTWO Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.0312
Alpha: -2.38%
Correlation: 0.2125
R-Squared: 4.5%
Stock Volatility: 1.9%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

ZTWO Institutional Ownership (13F)

Latest filings — 2026-06-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

11 filers388,038 shares$19.55M value
# Filer Shares Value % of Total % of Float Period
1 F/m Investments LLC 190,735 $9.61M 49.15% — 2026-06-30
2 Lido Advisors, LLC 73,062 $3.68M 18.83% — 2026-06-30
3 Crew Capital Management, Ltd 52,879 $2.66M 13.63% — 2026-06-30
4 JPMorgan Chase & Co Custodian 25,192 $1.27M 6.50% — 2026-06-30
5 Crews Bank & Trust 10,200 $513.77K 2.63% — 2026-06-30
6 Susquehanna International Group, LLP Custodian 8,818 $444.16K 2.27% — 2026-06-30
7 Raymond James Financial, Inc. Custodian 8,414 $423.81K 2.17% — 2026-06-30
8 Jane Street Group, LLC Custodian 5,339 $268.92K 1.38% — 2026-06-30
9 Emerald Investment Advisers, LLC 4,874 $245.50K 1.26% — 2026-06-30
10 HORAN Wealth, LLC 4,539 $228.63K 1.17% — 2026-06-30
11 Creative Planning Custodian 3,986 $200.77K 1.03% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month