UTRE

UTRE is a passive, single-bond ETF built to track the on-the-run (most recently issued and typically most liquid) 3-year U.S. Treasury note, aiming to match a bellwether 3-year Treasury total return index before fees. It refreshes exposure via a scheduled monthly roll, selling the prior note and buying the newest eligible 3-year issue, which keeps maturity tightly anchored around the 3-year point on the yield curve.