|Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.||20.48||11.02||11.17||8.91||7.89|
|Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds).||21.11||10.99||11.19||8.91||7.90|
|Benchmark (%) On 4/1/2016, TLT began to track the ICE U.S. Treasury 20+ Year Bond Index. Historical index data prior to 4/1/2016 is for the Barclays U.S. 20+ Year Treasury Bond Index; index data on or after 4/1/2016 is for the ICE U.S. Treasury 20+ Year Bond Index.||20.57||11.09||11.27||9.01||7.99|
|After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold.||19.19||9.69||9.90||7.48||6.37|
|After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares.||11.51||7.88||8.23||6.50||5.66|
|Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.||33.60||3.25||-13.91||27.35||-1.65|
|Market Price (%) Market price return represents changes to the midpoint price and accounts for distributions from the fund. The midpoint is the average of the bid-ask prices at 4:00 PM ET (when NAV is normally determined for most funds).||33.95||2.65||-13.40||27.35||-1.79|
|Benchmark (%) On 4/1/2016, TLT began to track the ICE U.S. Treasury 20+ Year Bond Index. Historical index data prior to 4/1/2016 is for the Barclays U.S. 20+ Year Treasury Bond Index; index data on or after 4/1/2016 is for the ICE U.S. Treasury 20+ Year Bond Index.||33.84||3.36||-13.88||27.48||-1.59|
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.
|UNITED STATES TREASURY||99.48|
|ISIN||Name||Sector||SEDOL||Market Value||Weight (%)||Price||Maturity||Coupon (%)||Duration||Notional Value||YTM (%)||Yield to Call (%)||Yield to Worst (%)||Par Value|
|US912810RK60||TREASURY BOND||Treasuries||BVVT273||$763,162,405||8.95||104.29||Feb 15, 2045||2.50||19.94||763,162,404.98||2.29||-||2.29||724,211,500.00|
|US912810RH32||TREASURY BOND||Treasuries||BPYD753||$683,246,044||8.01||117.80||Aug 15, 2044||3.13||18.86||683,246,044.41||2.26||-||2.26||573,396,300.00|
|US912810RG58||TREASURY BOND||Treasuries||BM7S970||$637,252,931||7.47||123.32||May 15, 2044||3.38||18.61||637,252,931.39||2.24||-||2.24||514,146,100.00|
|US912810RB61||TREASURY BOND||Treasuries||B8W8CX4||$596,114,573||6.99||112.60||May 15, 2043||2.88||18.76||596,114,573.41||2.25||-||2.25||526,912,500.00|
|US912810QY73||TREASURY BOND||Treasuries||B8JB195||$569,569,411||6.68||110.14||Nov 15, 2042||2.75||18.69||569,569,411.44||2.24||-||2.24||514,770,100.00|
|US912810RC45||TREASURY BOND||Treasuries||BCZQWC2||$439,313,520||5.15||129.01||Aug 15, 2043||3.63||17.94||439,313,520.18||2.20||-||2.20||336,427,800.00|
|US912810RJ97||TREASURY BOND||Treasuries||BSJWZQ3||$433,961,158||5.09||115.07||Nov 15, 2044||3.00||19.24||433,961,158.46||2.28||-||2.28||375,332,000.00|
|US912810QZ49||TREASURY BOND||Treasuries||B89T3Q0||$428,620,930||5.03||118.04||Feb 15, 2043||3.13||18.24||428,620,929.55||2.22||-||2.22||358,979,800.00|
|US912810QL52||TREASURY BOND||Treasuries||B5M0864||$427,027,846||5.01||139.79||Nov 15, 2040||4.25||16.34||427,027,845.73||2.14||-||2.14||303,772,900.00|
|US912810RN00||TREASURY BOND||Treasuries||BYSJ1Z8||$413,220,846||4.85||112.45||Aug 15, 2045||2.88||19.60||413,220,845.62||2.29||-||2.29||363,427,000.00|
|Name||Asset Class||Weight (%)||Price||Market Value||Notional Value||Sector||SEDOL||ISIN||Coupon (%)||Maturity||YTM (%)||Yield to Call (%)||Yield to Worst (%)||Duration||Par Value|
- Preliminary Holdings Portfolio holdings information including position amounts and market values
- Cash Flows The aggregate cash flows of the fund's individual holdings (scaled to 1 million ETF shares outstanding) based on the yield to worst (the lower of the yield to maturity or yield to call) of each security
% of Market Value
% of Market Value
Price Yield Calculator
Price Yield Calculator
The calculator provides clients with an indication of an ETF's yield and duration for a given market price. The ACF Yield is the discount rate that equates the ETF's aggregate cash flows (i.e., the sum of the cash flows of the ETF's holdings) to a given ETF price. The cash flows are based on the yield to worst methodology in which a bond's cash flows are assumed to occur at the call date (if applicable) or maturity, whichever results in the lowest yield. For a given ETF price, this calculator will estimate the corresponding ACF Yield and spread to the relevant government reference security yield. Note that the ACF Yield will differ from the ETF's "Weighted Avg YTM For more information on Aggregate Cash Flow Yield, see info here. The Aggregate Cash Flow (“ACF”) Yield is the discount rate that equates the aggregate cash flows of the ETF's individual fund holdings (specifically the cash flows corresponding to the lower of the yield to call or yield to maturity of a given security) to a stated market price. In contrast, the weighted average yield to maturity is a market value weighted average of the yields of the ETF's individual holdings based on the prior day's net asset value. The ACF Yield allows an investor to compare the yield and spread for varying ETF market prices in order to help understand the impact of intraday market movements. The ACF of the ETF is the sum of the individual bond cash flows “to worst” (i.e. either to call or to maturity, whichever results in the lowest yield for the ETF). The ACF Yield does not make any adjustments based on the cost incurred to acquire an ETF or the impact of the ETF’s management fee.
|These figures are for Yield to Worst|
|The discount rate which equates the inputted price to the fund cash flows. Cash flows calculated as of close of the prior business day. Discount rate that equates the present value of the bond's cash flows using the cash flows that would provide the lowest yield||2.58%|
|Modified Duration||18.59 years|
Spread of ACF Yield (2.58%) over 30 yr Treasury Yield (2.64%) as of 07/22/16 is - 6 bps The difference of the calculated ACF Yield of the fund and the yield of the relevant U.S. Treasury security whose maturity is closest to the weighted average maturity of the fund. The spread value is updated as of the COB from previous trading day.
Results generated are for illustrative purposes only and are not representative of any specific investments outcome. For standardized performance, please click the ‘returns’ tab above.