The iShares 20+ Year Treasury Bond ETF (TLT) provides investors with focused exposure to the long end of the U.S. government debt market, specifically U.S. Treasury securities with maturities exceeding two decades. With a substantial $41.28 billion in assets under management and a competitive expense ratio of 0.15%, TLT is a significant vehicle for accessing long-duration fixed income, aiming to replicate the performance of its benchmark index. This ETF is characterized by its singular focus on government debt, making it highly sensitive to interest rate fluctuations and a key instrument for expressing views on macroeconomic trends.
iShares 20+ Year Treasury Bond ETF (TLT) ETF — Price, Holdings & Analysis
The iShares 20+ Year Treasury Bond ETF (TLT) provides investors with focused exposure to the long end of the U.S. government debt market, specifically U.S. Treasury securities with maturities exceeding two decades. With a substantial $41.28 billion in assets under management and a competitive expense ratio of 0.15%, TLT is a significant vehicle for accessing long-duration fixed income, aiming to replicate the performance of its benchmark index. This ETF is characterized by its singular focus on government debt, making it highly sensitive to interest rate fluctuations and a key instrument for expressing views on macroeconomic trends.
ETF Overview
Providing exposure to long-term government debt, the iShares 20+ Year Treasury Bond ETF aims to replicate the performance of an index. This benchmark index is comprised exclusively of U.S. Treasury securities with maturities extending beyond two decades.
Providing exposure to long-term government debt, the iShares 20+ Year Treasury Bond ETF aims to replicate the performance of an index. This benchmark index is comprised exclusively of U.S. Treasury securities with maturities extending beyond two decades. iShares 20+ Year Treasury Bond ETF provides exposure to the fixed income market. The portfolio is moderately concentrated with 46 holdings.
Risk Metrics
Heavy allocation to Cash & Others (100.0%) means sector-specific downturns could disproportionately affect performance. With a beta of 2.38, this fund is more volatile than the broader market.
Providing exposure to long-term government debt, the iShares 20+ Year Treasury Bond ETF aims to replicate the performance of an index. This benchmark index is comprised exclusively of U.S. It holds 46 securities. With $41.3B in assets under management, it is one of the larger funds in its category.
What is the expense ratio for TLT?
iShares 20+ Year Treasury Bond ETF has an expense ratio of 0.15%, which is considered low for fixed income ETFs. This means for every $10,000 invested, annual fees would be approximately $15. Lower expense ratios generally lead to better long-term returns, all else being equal.
How long has TLT been around?
iShares 20+ Year Treasury Bond ETF was launched in 2002, making it 24 years old. As one of the longer-running ETFs, it has an extensive performance track record through multiple market cycles. It is managed by IShares.
Does TLT pay dividends?
Yes, iShares 20+ Year Treasury Bond ETF currently offers a dividend yield of approximately 2.46%. This yield is in line with market averages. Dividend distributions are typically paid quarterly, though the amount can vary.
What is the current NAV of TLT?
iShares 20+ Year Treasury Bond ETF has a net asset value (NAV) of approximately $87.41 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities. Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.