Mutual fund firm Ameristock Funds is to launch five fixed-income exchange-traded funds based on Ryan indexes, according to a Securities and Exchange Commission filing. The Alameda, Calif.-based fund firm manages just one mutual fund, a large-cap value fund with nearly $600 million in assets.
The ETFs will follow indexes for one-, two-, five-, 10- and 20- year Treasuries.
The move would put Ameristock in the company of Barclays Global Investors as the only ETF sponsor with fixed-income offerings. BGI recently filed to expand its fixed-income lineup of six funds with nine more ETFs.
Nicholas Gerber, founder of Ameristock, said the ETFs will differentiate themselves from the BGI offerings by giving investors exposure to a single time horizon. The Barclays ETFs follow indexes that cover a range of time horizons, such as one- to three-year treasuries.
While the ETFs will be the first to carry the Ameristock name, they are not the first for the firm. Ameristock also runs the U.S. Oil ETF under the name Victoria Bay Asset Management, which was formed as a limited partnership but is a part of the firm.