iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ)
| Assets | $273.81M |
| Expense Ratio | 0.10% |
| PE Ratio | n/a |
| Shares Out | 28.40M |
| Dividend (ttm) | $0.47 |
| Dividend Yield | 4.96% |
| Ex-Dividend Date | Jul 1, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| Volume | 331,582 |
| Open | 9.46 |
| Previous Close | 9.52 |
| Day's Range | 9.38 - 9.46 |
| 52-Week Low | 8.77 |
| 52-Week High | 12.52 |
| Beta | 0.74 |
| Holdings | 24 |
| Inception Date | Sep 22, 2020 |
About GOVZ
Fund Home PageThe iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US separate trading of registered interest and principal securities (STRIPS), with remaining maturities of at least 25 years. GOVZ was launched on Sep 22, 2020 and is issued by BlackRock.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 1, 2025 | $0.03838 | Jul 7, 2025 |
| Jun 2, 2025 | $0.03865 | Jun 5, 2025 |
| May 1, 2025 | $0.03941 | May 6, 2025 |
| Apr 1, 2025 | $0.04005 | Apr 4, 2025 |
| Mar 3, 2025 | $0.03737 | Mar 6, 2025 |
| Feb 3, 2025 | $0.03847 | Feb 6, 2025 |
Performance
GOVZ had a total return of -6.93% in the past year, including dividends. Since the fund's inception, the average annual return has been -15.96%.
News
GOVZ: Perhaps Not The Time For Duration Bets
The iShares 25+ Year Treasury STRIPS Bond ETF faces pressure from inflation expectations impacting structural rates. GOVZ's long duration and sensitivity to long-term rate changes make it vulnerable t...
What's Going On With Treasury Rates?
We think the Fed has time to assess the impact of tariffs, and we expect it to wait to cut rates until the data show that tariffs are impacting the real economy. So far, there are no signs of recessio...
GOVZ: When Do You Step In To Buy Treasuries?
We previously issued a “Strong Sell” on iShares 25+ Year Treasury STRIPS Bond ETF, as the model we follow showed an extreme level of overvaluation. GOVZ's long duration makes it highly sensitive to yi...
GOVZ: A Pure Play Way Of Betting On Treasuries
Investing in STRIPS, especially through the iShares 25+ Year Treasury STRIPS Bond ETF, offers a pure play on long-term interest rates without regular coupon payments. GOVZ holds U.S. Treasury STRIPS w...
Rates Spark: ECB Presser Bear-Flattened The Curve
The ECB cut rates by 25bp as widely anticipated, but a slightly hawkish tilt bear flattened the EUR curve, which in our view remains priced aggressively. In the US, as the markets head towards the Fed...
GOVZ: Zero Rate Cuts And More Pain For Treasury Bonds
On our last update on GOVZ, we gave it a Strong Sell based on our outlook for no rate cuts. GOVZ has underperformed SPY by 80% on an annualized basis and that is one of the largest on record. We look ...
Estimating The Impact Of Lower Rates On Bond Fund Dividends
It generally takes a few years for changes in Federal Reserve rates to fully impact bond fund dividends. Bond funds are still benefitting from prior rate hikes. Perhaps by enough to cancel out any fut...
GOVZ: Now Might Be The Worst Time To Go Long, Long Bonds
iShares 25+ Year Treasury STRIPS Bond ETF provides exposure to the principal portion of Treasury STRIPS. It is a passive ETF that has tracked its index impressively. We review the fund and tell you wh...
GOVZ: Not The Time For Extreme Duration
GOVZ is exposed to a major duration factor that speculators can use for their portfolio building. GOVZ consists of zero-coupon bonds with a duration of almost 27 years, making it highly sensitive to c...
Selling Time? Oil, Inflation, Debt Concerns And A T-Bill Portfolio
The market is showing signs of weakness and lacks sustainable upside momentum. The recent sell-off has broken key moving averages, indicating a potential shift in market sentiment.
GOVZ: Aggressive Duration Play, A Bet On Long-Term Rates
GOVZ is a portfolio of STRIPs, so basically zero coupon bonds with an overall effective duration at 26.73 years. High duration play means a lot of sensitivity to prevailing interest rate expectations,...
GOVZ: An Aggressive Bet On A Likely U.S. Depression
While a US recession is widely anticipated, investors and analysts are underestimating its likely severity. Conditions today are remarkably similar to those seen in early 2008, with property prices fa...
My Best Idea For 2023: 30-Year Treasury A Port In The Coming Storm
2023 is likely to be a year of pain for risk assets. The economy remains on track to enter recession.
GOVZ: For The First Time In This Young ETF's Life, It Looks Appealing
GOVZ debuted in September 2020, and has been losing money since. That may explain why we are the first to write about it on Seeking Alpha. However, the current interest rate environment has suddenly m...
Rates Outlook: Swap Spreads To See Widening Pressure
While there is upward pressure on market rates in 2022, it's not coming from higher net supply. In fact, lower net supply can help to richen government bonds. On top of that, we should see flatter cur...
Tapering Impact On Treasury Supply
At the November FOMC meeting, the Fed officially announced that it would begin tapering its bond purchase program, starting in mid-November. When the Fed began tapering its QE3 program over the course...