From the September 2007 issue of Research Magazine • Subscribe!

September 1, 2007

New Treasury Funds

Five U.S. Treasury ETFs from Ameristock have launched on the American Stock Exchange (AMEX). The funds will track Ryan Treasury Indexes, which track government bonds with targeted maturities.

The Ameristock ETFs will aim to shadow the performance and yield of each Treasury maturity with expense ratios of 0.15 percent, which is slightly below the 0.19 percent category average for all bond ETFs in the ETFguide database.

The new ETFs are:

Ameristock/Ryan 1-Year U.S. Treasury ETF (GKA)Tracks the price and yield performance of the Ryan Adjusted 1-Year Treasury Index, which is based upon the return of a portfolio with a 2/3 weighting in the most recently auctioned 6-month U.S. Treasury bill and a 1/3 weighting in the most recently auctioned 2-year U.S. Treasury Note.

Ameristock/Ryan 2-Year U.S. Treasury ETF (GKB)Tracks the price and yield performance of the Ryan 2-Year Treasury Index, which is based upon the return of the most recently auctioned 2-year U.S. Treasury Note.

Ameristock/Ryan 5-Year U.S. Treasury ETF (GKC) Tracks the price and yield performance of the Ryan 5-Year Treasury Index, which is based upon the return of the most recently auctioned 5-year U.S. Treasury Note.

Ameristock/Ryan 10-Year U.S. Treasury ETF (GKD)Tracks the price and yield performance of the Ryan 10-Year Treasury Index, which is based upon the return of the most recently auctioned 10-year U.S. Treasury Note.

Ameristock/Ryan 20-Year U.S. Treasury ETF (GKE)Tracks the price and yield performance of the Ryan 20-Year Treasury Index, which is based upon an equal weighting of the most recently auctioned 10- and 30- year U.S. Treasury Note and Bond.

The new funds are part of an explosion in the number of bond ETFs that has more than quadrupled the category's population since the beginning of the year.

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Ron DeLegge is the San Diego-based editor of www.etfguide.com.

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