iShares 20+ Year Treasury Bond ETF

Frequently Asked Questions About TLT

What does TLT invest in?

Providing exposure to long-term government debt, the iShares 20+ Year Treasury Bond ETF aims to replicate the performance of an index. This benchmark index is comprised exclusively of U.S. Treasury securities with maturities extending beyond two decades.

What is the expense ratio of TLT?

iShares 20+ Year Treasury Bond ETF (TLT) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

What is TLT's dividend yield?

TLT's trailing-twelve-month yield is 4.67%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TLT?

Effective duration measures TLT's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TLT's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TLT?

TLT's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of TLT?

Yield to maturity (YTM) is the total return you'd earn from TLT if every bond in the portfolio is held to maturity at the current price. TLT's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.