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Fixed Income

TLT

iShares 20+ Year Treasury Bond ETF

Overview

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Performance

Performance

  • Returns

  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
16.03 6.61 6.92 16.03 20.48 36.85 69.78 134.83 188.42
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). 16.29 6.90 7.03 16.29 21.11 36.72 69.98 134.80 188.62
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. 16.08 6.64 7.00 16.08 20.57 37.10 70.56 136.92 191.95
After Tax Pre-Liq. (%) Return after taxes on distributions. Assumes fund shares have not been sold. 15.53 6.51 6.64 15.53 19.19 31.97 60.28 105.72 136.55
After Tax Post-Liq. (%) Return after taxes on distributions and sale of fund shares. 9.05 3.74 3.91 9.05 11.51 25.55 48.49 87.78 115.60

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.

Performance chart data not available for display.
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Distributions

Ex-Date Total Distribution Income
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Premium/Discount

Key Facts

Key Facts

Net Assets as of 22-Jul-2016 $8,527,369,077
Inception Date 22-Jul-2002
Exchange NASDAQ
Asset Class Fixed Income
Index Ticker IDCOT20T
Shares Outstanding as of 22-Jul-2016 61,500,000
CUSIP 464287432
Options Available Yes

Portfolio Characteristics

Portfolio Characteristics

This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Holdings

Holdings

as of 22-Jul-2016
Issuer Weight (%)
UNITED STATES TREASURY 99.48
as of 22-Jul-2016
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
Holdings are subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 22-Jul-2016

% of Market Value

as of 22-Jul-2016

% of Market Value

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 22-Jul-2016

% of Market Value

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.

Literature

Literature

 

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.

As of 07/22/16 These figures are for Yield to Worst
Price $138.80
The discount rate which equates the inputted price to the fund cash flows. Cash flows calculated as of close of the prior business day. 2.58%
Modified Duration 18.59 years

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.

How to Buy

How to Buy

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