iSharesLong GovernmentTLTW · Cboe BZX

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW)

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Price: $20.87; —11 Sept 2026
Assets: $1.8B; Total net assets
Expense ratio: 0.35%; Category 0.78%
Yield: 10.20%; Trailing distributions

1Y return: -1.0%+4.3%; Category -5.3%
3Y CAGR: 1.3%+1.5%; Category -0.2%
5Y CAGR: —; Category -7.8%

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iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-0.9%	-4.0%	-3.1%	-2.2%	-1.0%	+1.3%	—	—	-1.1%
Long Government average	-1.2%	-4.2%	-4.0%	-4.0%	-5.3%	-0.2%	-7.8%	-2.1%	-0.8%
Difference	+0.3%	+0.2%	+0.9%	+1.8%	+4.3%	+1.5%	—	—	-0.3%

Holdings

The 2 largest positions make up 100.1% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
TLT	iShares 20+ Year Treasury Bond ETF	99.98%
XTSLA	BlackRock Cash Funds Treasury SL Agency	0.16%

Credit quality

Share of the bonds by rating.

US government98.9%
AA100.0%

Asset mix

Bonds98.9%
Cash11.8%

ETF details

Issuer: iShares
Category: Fixed Income · Long Government
Ticker: TLTW
Exchange: Cboe BZX
Inception: 18 Aug 2022 (4.1 years)
Structure: Exchange Traded Fund
Expense ratio: 0.35% (category 0.78%)
Holdings turnover: 0% (category 82%)
Distribution yield: 10.20%
Beta, 3 years: 1.67
Total net assets: $1.8B
Average duration: 3.57 years
Average maturity: 7.64 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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