US Treasury 7 Year Note ETF
US Treasury 7 Year Note ETF (NASDAQ: USVN) is an exchange-traded fund listed on NASDAQ, trading at $46.50 (about ₹4,377 a unit) as of 6 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.15% and holds 2 securities. Indian residents can buy USVN through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$46.44
Today's high
$46.58
52 week low
$45.21
52 week high
$49.29
USVN opened at $46.48, closed previously at $46.58, and has traded between $45.21 and $49.29 over the past 52 weeks.
About
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 ICE BofA Current 7-Year U.S. Treasury Index is a one-security index comprised of the most recently issued 7-year U.S. treasury note.
Key statistics
Expense ratio
0.15%
Assets (AUM)
$7.4M
Holdings
2
NAV
$46.49
Avg. volume
1.92K
1-year price change
-4.70%
5-year price change
—
Price change excludes dividends.
Top 2 holdings
USVN holds 2 securities in total. These 2 are 100.0% of the fund.
Where the money is invested
Countries
How to buy USVN from India
Indian residents can buy USVN units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in USVN from India
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search USVN and buy
Find the fund by its ticker, USVN, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your USVN position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying USVN from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
FAQs
What is the USVN price today?
US Treasury 7 Year Note ETF (USVN) last traded at $46.50 on NASDAQ, as of 6 Nov 2026, 4:00 PM ET. That is ₹4,377 a unit at the 6 Nov 2026 USD/INR rate.
When does USVN trade, in Indian time?
NASDAQ trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is USVN, and what does it cost to hold?
US Treasury 7 Year Note ETF manages about $7.4M. Its expense ratio is 0.15% a year, deducted inside the fund. It launched in 2023.
What are USVN's largest holdings?
The top two are United States Treasury Note/Bond 4.875% 10/31/2033 (99.9%) and Cash & Other (0.1%). USVN's 2 largest positions make up 100.0% of the fund.
Does USVN pay dividends?
Yes. USVN is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on USVN taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of USVN?
Yes. You can buy USVN by amount rather than by whole unit, and there is no minimum trade size.
How has USVN performed?
USVN's price is down 4.7% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.