Question 1

What is UTWO?

Accepted Answer

UTWO — Rbb Fund Inc - US Treasury 2 Year Note ETF — is a Canadian-listed ETF trading on the NASDAQ. Under normal market conditions, F/m Investments LLC (the "Adviser") seeks to achieve the fund"s investment objective by investing at least 80% of the fund"s net assets (plus any borrowings for investment purposes) in the component securities of the underlying index. The index is a one-security index comprised of the most recently issued 2-year U.S. Treasury note.

Question 2

What is the UTWO ETF price today?

Accepted Answer

UTWO last traded at $47.43 CAD on the NASDAQ. See the price chart above for recent performance.

Question 3

What is the UTWO MER (management expense ratio)?

Accepted Answer

UTWO has a management expense ratio (MER) of 0.15% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0.15%, UTWO is considered a low-cost ETF.

Question 4

What are UTWO annualised returns?

Accepted Answer

UTWO historical returns: YTD: +6.06%, 1-year: +1.29%, 3-year annualised: +3.68%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is -0.48, which measures risk-adjusted return.

Question 5

Does UTWO pay dividends or distributions?

Accepted Answer

Yes, UTWO distributes income to unitholders. The current distribution yield is approximately 3.89%. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What sectors does UTWO invest in?

Accepted Answer

UTWO's largest sector exposures are Energy (0.0%), Utilities (0.0%), Healthcare (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 7

How large is UTWO? (Assets under management)

Accepted Answer

UTWO has approximately $503M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 8

When was UTWO launched?

Accepted Answer

UTWO was launched on August 8, 2022, giving it a 4-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 9

How do I buy UTWO in Canada?

Accepted Answer

UTWO trades on the NASDAQ under the ticker UTWO. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 10

How risky is UTWO?

Accepted Answer

UTWO has a 1-year volatility of 0.88% and a beta of 0.23 (less volatile than the broad market). Its 3-year Sharpe ratio of -0.48 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-01	$47.35	$47.46	$47.34	$47.43	$47.43	198,615
2026-09-30	$47.36	$47.37	$47.32	$47.34	$47.34	226,081
2026-09-29	$47.29	$47.33	$47.27	$47.32	$47.32	575,100
2026-09-28	$47.30	$47.32	$47.27	$47.28	$47.28	171,168
2026-09-25	$47.47	$47.52	$47.45	$47.52	$47.52	418,200
2026-09-24	$47.50	$47.60	$47.43	$47.44	$47.44	654,791
2026-09-23	$47.54	$47.54	$47.41	$47.45	$47.45	149,970
2026-09-22	$47.55	$47.56	$47.52	$47.55	$47.55	52,549
2026-09-21	$47.55	$47.56	$47.53	$47.53	$47.53	115,558
2026-09-18	$47.54	$47.55	$47.52	$47.52	$47.52	125,500

Sector	Weight
Energy	0.00%
Utilities	0.00%
Healthcare	0.00%
Technology	0.00%
Industrials	0.00%
Real Estate	0.00%
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Consumer Defensive	0.00%
Financial Services	0.00%
Communication Services	0.00%

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CIBC Investor's Edge

Rbb Fund Inc - US Treasury 2 Year Note ETF (UTWO : NASDAQ)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Sector Weights

About Rbb Fund Inc - US Treasury 2 Year Note ETF

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Frequently Asked Questions — UTWO