iShares Trust iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

No trades
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Key stats

Assets under management (AUM)
‪887.98 M‬USD
Fund flows (1Y)
‪975.59 M‬USD
Dividend yield (indicated)
19.30%
Discount/Premium to NAV
0.4%

About iShares Trust iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

Issuer
BlackRock, Inc.
Brand
iShares
Expense ratio
0.35%
Home page
Inception date
Aug 18, 2022
Index tracked
CBOE TLT 2% OTM Buywrite Index - Benchmark TR Gross
Management style
Passive
ISIN
US46436E3383
TLTW teaches an old dog a new trick. The fund holds shares of the iShares 20+ Year Treasury Bond ETF (ticker: TLT) and writes (sells) one-month, 102% out-of-the-money covered call options. The objective is to provide additional income, in the form of option premium, along with the distributions received from the underlying bond portfolio. The fund will write call options up to the full amount of the shares being held in the portfolio. In doing so, the fund takes in option premium but forgoes the upside potential on the bonds at the strike price. The fund uses European-style options, which means the call options can only be exercised on the expiration date. This helps to roll the call options and reduces the chance the fund must physically deliver underlying shares. This strategy may outperform in periods of rising rates and widening credit spreads. In periods of declining rates, the fund will likely underperform as compared to just holding long-term US Treasurys.

Classification

Asset Class
Fixed income
Category
Government, treasury
Focus
Investment grade
Niche
Long-term
Strategy
Buy-write
Weighting scheme
Fixed
Selection criteria
Fixed
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Bonds, Cash & Other100.00%
ETF99.47%
Cash1.07%
Miscellaneous−0.54%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy