Fixed Income

TLTW

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

Visit Portfolio Tool

Overview

Loading

Performance

Performance

Growth of Hypothetical $10,000

Performance chart data not available for display.
View full chart

Distributions

Record Date Ex-Date Payable Date
View full table

Premium/Discount

  1y 3y 5y 10y Incept.
-8.49 - - - -7.93
Market Price (%) -8.41 - - - -7.89
Benchmark (%) -7.81 - - - -7.25
After Tax Pre-Liq. (%) -14.30 - - - -13.73
After Tax Post-Liq. (%) -4.92 - - - -8.19
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
-0.90 1.41 -0.90 1.28 -8.49 - - - -12.52
Market Price (%) -0.91 1.60 -0.91 1.28 -8.41 - - - -12.46
Benchmark (%) -0.68 1.48 -0.68 1.75 -7.81 - - - -11.47
After Tax Pre-Liq. (%) -1.68 0.94 -1.68 -2.37 -14.30 - - - -21.28
After Tax Post-Liq. (%) -0.54 0.83 -0.54 0.73 -4.92 - - - -12.91
  2019 2020 2021 2022 2023
Total Return (%) - - - - 0.75
Market Price (%) - - - - 0.76
Benchmark (%) - - - - 1.40
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.

iSHARES MARKET INSIGHT

3 ways bond buy-write ETFs can benefit your portfolio

Learn about buy-write strategies and how they can potentially add income and diversification to your bond portfolios.

Key Facts

Key Facts

Net Assets of Fund as of Apr 19, 2024 $843,150,821
Fund Inception Aug 18, 2022
Exchange Cboe BZX formerly known as BATS
Asset Class Fixed Income
Benchmark Index CBOE TLT 2% OTM Buywrite Index (USD)
Bloomberg Index Ticker BXTBW
Shares Outstanding as of Apr 19, 2024 33,600,000
Distribution Frequency Monthly
Premium/Discount as of Apr 18, 2024 -0.10
CUSIP 46436E338
Closing Price as of Apr 18, 2024 25.03
30 Day Avg. Volume as of Apr 18, 2024 536,865.00
30 Day Median Bid/Ask Spread as of Apr 18, 2024 0.04%
Daily Volume as of Apr 18, 2024 275,850.00

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 Apr 18, 2024 1
Equity Beta (3y) as of - -
30 Day SEC Yield as of Apr 18, 2024 3.74%
12m Trailing Yield as of Apr 18, 2024 17.78%
Standard Deviation (3y) as of - -
Unsubsidized 30-Day SEC Yield as of Apr 18, 2024 3.74%
Modified Duration to Worst as of Apr 18, 2024 16.26
Average Yield to Maturity as of Apr 18, 2024 4.82%
Weighted Avg Coupon as of Apr 18, 2024 0.00
Weighted Avg Maturity as of Apr 18, 2024 25.34 yrs
Effective Duration as of Apr 18, 2024 16.24 yrs
Convexity as of Apr 18, 2024 -20.86
Distribution Yield as of Apr 18, 2024 11.26%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

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. Learn more


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 Mar 21, 2024 A
MSCI ESG % Coverage as of Mar 21, 2024 99.30%
MSCI ESG Quality Score (0-10) as of Mar 21, 2024 5.9
MSCI ESG Quality Score - Peer Percentile as of - -
Fund Lipper Global Classification as of Mar 21, 2024 Unclassified
Funds in Peer Group as of Mar 21, 2024 154
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of - -
MSCI Weighted Average Carbon Intensity % Coverage as of Mar 21, 2024 0.00%
All data is from MSCI ESG Fund Ratings as of Mar 21, 2024, based on holdings as of Feb 29, 2024. 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% (or 50% for bond funds and money market funds) 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.

Fees

Fees

as of current prospectus
Management Fee 0.20%
Acquired Fund Fees and Expenses 0.15%
Other Expenses 0.00%
Expense Ratio 0.35%

The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".

Ratings

Holdings

Holdings

Ticker Name Type Sector Asset Class Market Value Weight (%) Notional Value Shares 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 Accrual Date Effective Date Strike price
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 Strike price Type Effective Date
Holdings are subject to change.



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”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. 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 Apr 18, 2024

% of Market Value

Type Fund
as of Apr 18, 2024

% 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 Apr 18, 2024

% 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.

READY TO INVEST?

READY TO INVEST?

There are many ways to access iShares ETFs. Learn how you can add them to your portfolio.

Literature

Literature