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Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

iShares 20+ Year Treasury Bond ETF

TLT | ETF

$90.70

$47.7 B

4.11%

$3.73

0.15%

Vitals

YTD Return

-5.2%

1 yr return

4.1%

3 Yr Avg Return

-12.5%

5 Yr Avg Return

-6.1%

Net Assets

$47.7 B

Holdings in Top 10

49.3%

52 WEEK LOW AND HIGH

$90.2
$87.78
$101.33

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 43.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

iShares 20+ Year Treasury Bond ETF

TLT | ETF

$90.70

$47.7 B

4.11%

$3.73

0.15%

TLT - Profile

Distributions

  • YTD Total Return -5.2%
  • 3 Yr Annualized Total Return -12.5%
  • 5 Yr Annualized Total Return -6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.56%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares 20+ Year Treasury Bond ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Jul 22, 2002
  • Shares Outstanding
    177100000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Mauro

Fund Description

The Fund seeks to track the investment results of the ICE® U.S. Treasury 20+ Year Bond Index (the “Underlying Index”), which measures the performance of public obligations of the U.S. Treasury that have a remaining maturity greater than or equal to twenty years. As of February 29, 2024, there were 40 issues in the Underlying Index.
The Underlying Index consists of publicly-issued U.S. Treasury securities that have a remaining maturity greater than or equal to twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve System (the “Fed”). In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is market value weighted, and the securities in the Underlying Index are
updated on the last business day of each month.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market value and industry weightings), fundamental characteristics (such as return variability, duration (i.e., a security's price sensitivity to a change in interest rates), maturity or credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund will invest at least 80% of its assets in the component securities of the Underlying Index, and the Fund will invest at least 90% of its assets in U.S. Treasury securities that BFA believes
will help the Fund track the Underlying Index. The Fund will invest no more than 10% of its assets in futures, options and swaps contracts that BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index is sponsored by ICE Data Indices, LLC (the “Index Provider” or “IDI”), which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
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TLT - Performance

Return Ranking - Trailing

Period TLT Return Category Return Low Category Return High Rank in Category (%)
YTD -5.2% -12.5% 0.1% 68.75%
1 Yr 4.1% 1.4% 7.8% 84.38%
3 Yr -12.5%* -19.6% -4.1% 68.75%
5 Yr -6.1%* -9.9% -1.6% 76.67%
10 Yr -0.3%* -1.4% 0.8% 52.38%

* Annualized

Return Ranking - Calendar

Period TLT Return Category Return Low Category Return High Rank in Category (%)
2023 -0.7% -2.9% 2.7% 65.63%
2022 -32.8% -42.8% -16.7% 71.88%
2021 -6.0% -25.7% -4.1% 12.50%
2020 16.4% -7.9% 22.6% 20.00%
2019 11.5% 3.3% 18.5% 33.33%

Total Return Ranking - Trailing

Period TLT Return Category Return Low Category Return High Rank in Category (%)
YTD -5.2% -12.5% 0.1% 68.75%
1 Yr 4.1% 1.4% 7.8% 84.38%
3 Yr -12.5%* -19.6% -4.1% 68.75%
5 Yr -6.1%* -9.9% -1.6% 76.67%
10 Yr -0.3%* -1.4% 0.8% 52.38%

* Annualized

Total Return Ranking - Calendar

Period TLT Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% 0.9% 4.9% 62.50%
2022 -31.2% -41.3% -15.2% 68.75%
2021 -4.6% -6.5% -1.9% 31.25%
2020 18.2% 10.0% 25.0% 46.67%
2019 14.1% 8.0% 21.2% 62.96%

TLT - Holdings

Concentration Analysis

TLT Category Low Category High TLT % Rank
Net Assets 47.7 B 25.2 M 47.7 B 3.13%
Number of Holdings 46 4 392 81.25%
Net Assets in Top 10 30.6 B 25.2 M 30.6 B 3.13%
Weighting of Top 10 49.33% 16.3% 116.3% 41.94%

Top 10 Holdings

  1. U.S. Treasury Bonds 7.02%
  2. U.S. Treasury Bonds 6.57%
  3. U.S. Treasury Bonds 5.58%
  4. U.S. Treasury Bonds 5.27%
  5. U.S. Treasury Bonds 4.60%
  6. U.S. Treasury Bonds 4.35%
  7. U.S. Treasury Bonds 4.33%
  8. U.S. Treasury Bonds 4.06%
  9. U.S. Treasury Bonds 3.88%
  10. U.S. Treasury Bonds 3.66%

Asset Allocation

Weighting Return Low Return High TLT % Rank
Bonds 		97.93% 92.34% 239.37% 90.63%
Cash 		2.07% 0.00% 7.41% 34.38%
Stocks 		0.00% 0.00% 0.08% 21.88%
Preferred Stocks 		0.00% 0.00% 0.00% 18.75%
Other 		0.00% -146.78% 0.27% 28.13%
Convertible Bonds 		0.00% 0.00% 0.00% 18.75%

Bond Sector Breakdown

Weighting Return Low Return High TLT % Rank
Government 		99.25% 25.53% 99.97% 50.00%
Cash & Equivalents 		1.55% 0.00% 6.69% 25.00%
Derivative 		0.00% -0.35% 0.27% 37.50%
Securitized 		0.00% 0.00% 42.48% 46.88%
Corporate 		0.00% 0.00% 0.48% 28.13%
Municipal 		0.00% 0.00% 0.01% 28.13%

Bond Geographic Breakdown

Weighting Return Low Return High TLT % Rank
US 		97.93% 92.34% 237.56% 90.63%
Non US 		0.00% 0.00% 1.81% 18.75%

TLT - Expenses

Operational Fees

TLT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.03% 6.30% 41.94%
Management Fee 0.15% 0.00% 0.65% 51.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.15% 0.35% N/A

Sales Fees

TLT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 3.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

TLT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TLT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 6.00% 114.00% 43.33%

TLT - Distributions

Dividend Yield Analysis

TLT Category Low Category High TLT % Rank
Dividend Yield 4.11% 0.00% 4.46% 37.50%

Dividend Distribution Analysis

TLT Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

TLT Category Low Category High TLT % Rank
Net Income Ratio 1.56% 0.74% 2.87% 87.10%

Capital Gain Distribution Analysis

TLT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

TLT - Fund Manager Analysis

Managers

James Mauro

Start Date

Tenure

Tenure Rank

Jul 01, 2011

10.92

10.9%

Head of San Francisco Fixed Income Core PM at BlackRock, Inc. since 2020; Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2010 to 2014; Vice President of State Street Global Advisors from 2001 to 2010. James Mauro has been employed by BlackRock Fund Advisors and BlackRock Institutional Trust Company, N.A. (“BTC”) as a portfolio manager since 2011. Prior to joining BTC, Mr. Mauro was a Vice President at State Street Global Advisors. His primary responsibilities include management of all government, inflation linked and derivative strategies. Other responsibilities include hedging and managing risk across all asset classes through futures and option overlays. James joined State Street Corporation in 1993. Previously, he worked as a portfolio manager on the passive team where he co-managed several Bond Index portfolios.

Karen Uyehara

Start Date

Tenure

Tenure Rank

Jun 29, 2021

0.92

0.9%

Ms. Uyehara is a Director of BlackRock, which she joined in 2010. Ms. Uyehara is a portfolio manager and member of BlackRock’s Model-Based Fixed Income Portfolio Management Group. Prior to joining BlackRock, Ms. Uyehara was a portfolio manager at Western Asset Management Company from2002 to 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.41 25.85 8.04 14.84

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