About US Treasury 20 Year Bond ETF

UTWY is part of the first single-bond ETF suite. The targeted holding makes it very different from other ETFs holding a basket of 20-year Treasury notes. This is a tool used in portfolio management. The fund tracks an index that holds just the on-the-run 20-year US Treasury notes, which are the most recently issued and most liquid. At each monthly rebalancing, the underlying issue is sold and...