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September 01, 2007 at 04:00 AM
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.
