Tracks the investment results of the ICE BofA Current 30-Year US Treasury Index. Invests primarily in the most recently issued 30-year U.S. Treasury bond. Now — the numbers.
The stock trades 29% below its peak. The market has trimmed its expectations for the company.
It paid $1.90 per share over the last 12 months, with payments going back years without a break — regular cash for whoever holds the stock.
This stock swings about 2.4 times as much as the market average. Big rallies — and big drops — can both happen fast.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.