iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

TLTW

Chicago Board Options ExchangeFixed income

Open in GoAI

Previous close

$21.21

+$0.05 · +0.24%

Sep 4, 4:00 PM ET

Regular session · ET · Market data may be delayed.

About this ETF

Fund website

The iShares 20+ Year Treasury Bond BuyWrite Strategy ETF aims to replicate the performance of an index that implements a dual investment strategy. This strategy involves holding positions in the iShares 20+ Year Treasury Bond ETF while simultaneously generating income through the routine sale of one-month covered call options on those underlying assets.

Asset class: Fixed income
Issuer: IShares
Domicile: US
Inception date: Aug 17, 2022
Holdings: 1
ISIN: US46436E3383

Key fund statistics

Fund assets

1.81B USD

Expense ratio

0.35%

NAV

$21.21

Average volume

1.43M

Volume

847.57K

Day range

$21.19 – $21.27

52-week range

$20.97 – $24.08

Previous close

$21.16

Price change

Performance

1 day

+0.24%

1 month

-0.70%

3 months

-3.55%

Year to date

-6.44%

1 year

-8.38%

3 years

-30.09%

5 years

-46.11%

Price changes exclude distributions, fees, taxes, and investor-specific cash flows.

Portfolio

Top holdings

RankHoldingIdentifierWeight

01912TREASURY BOND 4.75% 05/15/2055912810UK2912810UK24.53%

02912TREASURY BOND 4.63% 05/15/2054912810UA4912810UA44.30%

03912TREASURY BOND 4.13% 08/15/2053912810TT5912810TT54.20%

04912TREASURY BOND (2OLD) 4.75% 02/15/2056912810UR7912810UR74.15%

05912TREASURY BOND 4.25% 02/15/2054912810TX6912810TX64.06%

06912TREASURY BOND (OLD) 5.00% 05/15/2056912810UU0912810UU04.04%

07912TREASURY BOND 4.75% 11/15/2053912810TV0912810TV04.00%

08912TREASURY BOND 4.25% 08/15/2054912810UC0912810UC03.96%

09912TREASURY BOND 4.63% 11/15/2055912810UP1912810UP13.87%

10912TREASURY BOND 4.63% 02/15/2055912810UG1912810UG13.82%

11912TREASURY BOND 4.50% 11/15/2054912810UE6912810UE63.81%

12912TREASURY BOND 1.88% 11/15/2051912810TB4912810TB43.81%

13912TREASURY BOND 4.75% 08/15/2055912810UM8912810UM83.43%

14912TREASURY BOND 2.00% 08/15/2051912810SZ2912810SZ23.27%

15912TREASURY BOND 3.63% 05/15/2053912810TR9912810TR93.18%

Holdings data updated Sep 7, 2026.

Portfolio composition

Exposure

Country exposure

Top 2

United States99.60%

Other0.40%

Fund income

Distributions

Ex-dividend dateRecord datePayment dateAmount

Sep 2, 2026

Record date: Sep 2, 2026
Payment date: Sep 8, 2026

Sep 2, 2026

Sep 8, 2026

$0.1312

Monthly

Aug 4, 2026

Record date: Aug 4, 2026
Payment date: Aug 7, 2026

Aug 4, 2026

Aug 7, 2026

$0.1523

Monthly

Jul 2, 2026

Record date: Jul 2, 2026
Payment date: Jul 8, 2026

Jul 2, 2026

Jul 8, 2026

$0.1347

Monthly

Jun 2, 2026

Record date: Jun 2, 2026
Payment date: Jun 5, 2026

Jun 2, 2026

Jun 5, 2026

$0.2172

Monthly

May 4, 2026

Record date: May 4, 2026
Payment date: May 7, 2026

May 4, 2026

May 7, 2026

$0.1214

Monthly

Apr 2, 2026

Record date: Apr 2, 2026
Payment date: Apr 8, 2026

Apr 2, 2026

Apr 8, 2026

$0.2115

Monthly

Mar 3, 2026

Record date: Mar 3, 2026
Payment date: Mar 6, 2026

Mar 3, 2026

Mar 6, 2026

$0.204

Monthly

Feb 3, 2026

Record date: Feb 3, 2026
Payment date: Feb 6, 2026

Feb 3, 2026

Feb 6, 2026

$0.1742

Monthly

Dec 23, 2025

Record date: Dec 23, 2025
Payment date: Dec 29, 2025

Dec 23, 2025

Dec 29, 2025

$0.1869

Irregular

Dec 2, 2025

Record date: Dec 2, 2025
Payment date: Dec 5, 2025

Dec 2, 2025

Dec 5, 2025

$0.1876

Monthly

Latest coverage

TLTW news

247wallst.comAug 17, 2026

After Comparing Every Bond ETF Paying Over 6 Percent, These 3 Win as the Fed Cuts Rates

The Federal Reserve has taken its target rate from 4.5% to 3.75% over the past year, and reinvestment risk has arrived for anyone in money market funds.

Read source

247wallst.comAug 1, 2026

Most Income Investors Have Never Heard of These 3 Bond ETFs Paying Over 10 Percent Monthly

Three little-known exchange-traded funds from BlackRock's iShares lineup distribute double-digit annual yields to shareholders monthly.

Read source

seekingalpha.comJul 30, 2026

TLTW: Covered Call Long-Term Treasury ETF, Too Risky On The Eve Of A Hiking Cycle

iShares 20+ Year Treasury Bond Buywrite Strategy ETF is a covered call long-term treasury ETF. The fund's covered calls boost its distribution yield to 11.2%, while capping upside potential. Downside remains unchanged,…

Read source

seekingalpha.comJul 8, 2026

TLTW: A Hefty Yield And Margin Of Safety Against Rising Rates

The iShares 20+ Year Treasury BuyWrite Strategy ETF is rated a strong buy, offering attractive yield and downside protection versus traditional long-duration Treasury ETFs. TLTW's covered call strategy enhances income…

Read source

seekingalpha.comJun 22, 2026

TLTW: Better Choice Than TLT For The Foreseeable Future

Over the past year, TLTW delivered a total return of roughly +10% compared to just under +5% for unhedged TLT. Newly appointed Fed Chair Kevin Warsh shocked markets with a hawkish tone on price stability and a…

Read source

247wallst.comJun 16, 2026

Long Bonds Just Lost Money for a Sixth Straight Year, And One Quiet ETF Is Engineered for the Reversal

Prior to the start of the Iran War, President Donald Trump had been feuding with Jerome Powell about cutting interest rates.

Read source

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ETF data may be delayed, incomplete, or revised. Holdings and exposures change over time. Historical performance does not guarantee future results. This page is for informational and educational purposes only and does not constitute investment advice or a recommendation.

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iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

TLTW ETF overview

About this ETF

Key fund statistics

Performance

Top holdings

Exposure

Country exposure

Distributions

TLTW news

After Comparing Every Bond ETF Paying Over 6 Percent, These 3 Win as the Fed Cuts Rates

Most Income Investors Have Never Heard of These 3 Bond ETFs Paying Over 10 Percent Monthly

TLTW: Covered Call Long-Term Treasury ETF, Too Risky On The Eve Of A Hiking Cycle

TLTW: A Hefty Yield And Margin Of Safety Against Rising Rates

TLTW: Better Choice Than TLT For The Foreseeable Future

Long Bonds Just Lost Money for a Sixth Straight Year, And One Quiet ETF Is Engineered for the Reversal

Explore more ETFs

Continue researching TLTW

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

TLTW ETF overview

About this ETF

Key fund statistics

Performance

Top holdings

Exposure

Country exposure

Distributions

TLTW news

After Comparing Every Bond ETF Paying Over 6 Percent, These 3 Win as the Fed Cuts Rates

Most Income Investors Have Never Heard of These 3 Bond ETFs Paying Over 10 Percent Monthly

TLTW: Covered Call Long-Term Treasury ETF, Too Risky On The Eve Of A Hiking Cycle

TLTW: A Hefty Yield And Margin Of Safety Against Rising Rates

TLTW: Better Choice Than TLT For The Foreseeable Future

Long Bonds Just Lost Money for a Sixth Straight Year, And One Quiet ETF Is Engineered for the Reversal

Explore more ETFs

Continue researching TLTW