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TLTW
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF
-
Fees as stated in the prospectus
Expense Ratio: 0.35%
Overview
Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Important Information: Investors must read the Prospectus for any fund in which they wish to invest. Please contact us at the BlackRock Advisors UK Limited-Dubai Branch for the relevant Prospectus.
Performance
Performance
Chart
Distributions
-
Returns
During this period performance was achieved under circumstances that no longer apply
*On , the Fund changed its name and/or investment objective and policy.
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Total Return (%) | 0.8 | -2.1 | |||
| Benchmark (%) | 1.4 | -1.1 |
Missing calendar year returns data
| From 31-Mar-2020 To 31-Mar-2021 |
From 31-Mar-2021 To 31-Mar-2022 |
From 31-Mar-2022 To 31-Mar-2023 |
From 31-Mar-2023 To 31-Mar-2024 |
From 31-Mar-2024 To 31-Mar-2025 |
|
|---|---|---|---|---|---|
|
Total Return (%)
as of 31-Mar-2025 |
- | - | - | -8.49 | 3.88 |
|
Benchmark (%)
as of 31-Mar-2025 |
- | - | - | -7.81 | 5.02 |
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) | 3.88 | - | - | - | -3.59 |
| Benchmark (%) | 5.02 | - | - | - | -2.74 |
Missing average annual returns data
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 5.17 | 0.61 | 5.17 | -3.11 | 3.88 | - | - | - | -9.13 |
| Benchmark (%) | 5.49 | 0.70 | 5.49 | -2.52 | 5.02 | - | - | - | -7.02 |
Missing cumulative returns data
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be obtained by clicking the "Returns" tab above.
Key Facts
Key Facts
Net Assets of Fund
as of 25-Apr-2025
USD 1,036,186,066
Exchange
Cboe BZX
Benchmark Index
CBOE TLT 2% OTM Buywrite Index (USD)
Distribution Frequency
Monthly
CUSIP
46436E338
Fund Launch Date
18-Aug-2022
Asset Class
Fixed Income
Index Ticker
BXTBW
Premium/Discount
as of 25-Apr-2025
0.09%
Volume - 1d
as of 25-Apr-2025
533,417.00
Click here to see how this fund compares to the underlying fund referenced in the Investment Objective above.
Portfolio Characteristics
Portfolio Characteristics
Number of Holdings
as of 24-Apr-2025
1
12 Month Trailing Dividend Distribution Yield
as of 24-Apr-2025
4.85
as of 24-Apr-2025
15.83
Weighted Avg Coupon
as of -
-
Effective Duration
as of 24-Apr-2025
15.60
Option Adjusted Yield
as of 24-Apr-2025
13.25
Equity Beta (3y)
as of -
-
Standard Deviation (3y)
as of -
-
Weighted Average YTM
as of 24-Apr-2025
4.84%
Weighted Avg Maturity
as of 24-Apr-2025
25.36
Convexity
as of 24-Apr-2025
-16.21
Fees
Fees
as of current prospectus
| Management Fee | 0.20 |
| Acquired Fund Fees and Expenses | 0.15 |
| Foreign Taxes and Other Expenses | 0.00 |
| Gross Expense Ratio | 0.35 |
Ratings
Ratings
Morningstar Medalist Rating
Morningstar has awarded the Fund a Bronze medal. (Effective 28-Feb-2025)
Analyst-Driven %
as of 28-Feb-2025
20.00
Data Coverage %
as of 28-Feb-2025
79.00
Registered Locations
Registered Locations
Holdings
Holdings
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.
For options contracts held within the fund, the maturity date represents the expiration date of the contract.
For options contracts held within the fund, the maturity date represents the expiration date of the contract.
The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.
Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.
“Quantity” represents the number of shares, units or contracts of the corresponding security, as applicable per security type.
Exposure Breakdowns
Exposure Breakdowns
as of 24-Apr-2025
% of Market Value
The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.
Allocations are subject to change.
Listings
Listings
Literature
Literature
Important Information
If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available.
A BuyWrite Strategy ETF’s use of options may reduce returns or increase volatility. During periods of very low or negative interest rates, the Underlying Fund may be unable to maintain positive returns. Very low or negative interest rates may magnify interest rate risk. In a falling interest rate environment, the ETF may underperform the Underlying Fund. By writing covered call options in return for the receipt of premiums, the ETF will give up the opportunity to benefit from increases in the value of the Underlying Fund but will continue to bear the risk of declines in the value of the Underlying Fund. The premiums received from the options may not be sufficient to offset any losses sustained from the volatility of the Underlying Fund over time. The ETF will be subject to capital gain taxes, ordinary income tax and other tax considerations due to its writing covered call options strategy.
Distribution Yield and 12m Trailing Yield results may have period over period volatility due to factors including tax considerations such as treatment of passive foreign investment companies (PFICs), treatment of defaulted bonds or excise tax requirements; exceptional corporate actions; seasonality of dividends from underlying holdings; significant fluctuations in fund shares outstanding; or fund capital gain distributions.
BlackRock provides compensation in connection with obtaining or using third-party ratings and rankings.
Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Fund Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies; 6MSCI Implied Temperature Rise
For funds with an investment objective that include the integration of ESG criteria, there may be corporate actions or other situations that may cause the fund or index to passively hold securities that may not comply with ESG criteria. Please refer to the fund’s prospectus for more information. The screening applied by the fund's index provider may include revenue thresholds set by the index provider. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. These screens are described in more detail in the fund’s prospectus, other fund documents, and the relevant index methodology document.
Certain information contained herein (the “Information”) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (“MSCI”)), or third party suppliers (each an “Information Provider”), and it may not be reproduced or redisseminated in whole or in part without prior written permission. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. The Information may not be used to create any derivative works, or in connection with, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between equity index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties (which are expressly disclaimed), nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.
iCRMH0824U/S-3807888-7/7
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