Fixed Income

TLTW

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

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Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

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Performance

Performance

Distributions

Record Date Ex-Date Payable Date
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Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged Share Class Benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund as of 02/Dec/2022 USD 27,061,841
Fund Launch Date 18/Aug/2022
Exchange Cboe BZX formerly known as BATS
Asset Class Fixed Income
Benchmark Index CBOE TLT 2% OTM Buywrite Index
Index Ticker BXTBW
Distribution Frequency Monthly
Premium/Discount as of 02/Dec/2022 0.15%
CUSIP 46436E338
Volume - 1d as of 02/Dec/2022 50,154.00

Click here to see how this fund compares to the underlying fund referenced in the Investment Objective above.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings as of 01/Dec/2022 1
Equity Beta (3y) as of - -
12m Trailing Yield as of - -
Standard Deviation (3y) as of - -
as of 01/Dec/2022 17.52
Weighted Av YTM as of 01/Dec/2022 3.77%
Weighted Avg Coupon as of 01/Dec/2022 0.00
Weighted Avg Maturity as of 01/Dec/2022 25.28 yrs
Effective Duration as of 01/Dec/2022 17.48
Convexity as of 01/Dec/2022 -19.20

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.


This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodologies behind Sustainability Characteristics using the links below.

MSCI ESG Fund Rating (AAA-CCC) as of 21/Sep/2022 A
MSCI ESG % Coverage as of 21/Sep/2022 99.70
MSCI ESG Quality Score (0-10) as of 21/Sep/2022 5.81
MSCI ESG Quality Score - Peer Percentile as of - -
Fund Lipper Global Classification as of 21/Sep/2022 Unclassified
Funds in Peer Group as of 21/Sep/2022 113
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
MSCI Weighted Average Carbon Intensity % Coverage as of 21/Sep/2022 0.00
All data is from MSCI ESG Fund Ratings as of 21/Sep/2022, based on holdings as of 31/Aug/2022. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

Fees

Fees

as of current prospectus
Management Fee 0.35
Acquired Fund Fees and Expenses 0.15
Foreign Taxes and Other Expenses 0.00
Gross Expense Ratio 0.50
Fee Waivers 0.15
Net Expense Ratio 0.35

Ratings

Registered Locations

Registered Locations

Holdings

Holdings

Issuer Ticker Name Type Sector Asset Class Market Value Weight (%) Notional Value Nominal Par Value CUSIP ISIN SEDOL Price Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency Strike price Accrual Date Effective Date
Name Sector Asset Class Market Value Weight (%) Notional Value Par Value CUSIP ISIN SEDOL Price Location Exchange Currency Duration YTM (%) FX Rate Maturity Coupon (%) Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Accrual Date Effective Date
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

The “Other Derivatives” included in the Holdings table above are call options held by the Fund.

The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of 01/Dec/2022

% of Market Value

Type Fund
as of 01/Dec/2022

% of Market Value

Type Fund
The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

as of 01/Dec/2022

% of Market Value

Type Fund
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.
Allocations are subject to change.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
Cboe BZX formerly known as BATS TLTW USD 22/Aug/2022 - - - - - - - - - -

Literature

Literature