iShares 20+ Year Treasury Bond ETF (TLT)
| Assets | $49.19B |
| Expense Ratio | 0.15% |
| PE Ratio | n/a |
| Shares Out | 543.70M |
| Dividend (ttm) | $3.86 |
| Dividend Yield | 4.29% |
| Ex-Dividend Date | Sep 2, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | 85.87% |
| Volume | 24,820,119 |
| Open | 90.15 |
| Previous Close | 89.95 |
| Day's Range | 90.07 - 90.46 |
| 52-Week Low | 83.30 |
| 52-Week High | 101.64 |
| Beta | 0.51 |
| Holdings | 45 |
| Inception Date | Jul 22, 2002 |
About TLT
Fund Home PageThe iShares 20+ Year Treasury Bond ETF (TLT) is an exchange-traded fund that is based on the US Treasury 20+ Year index. The fund tracks a market-weighted index of debt issued by the US Treasury with remaining maturities of 20 years or more. TLT was launched on Jul 22, 2002 and is issued by BlackRock.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 2, 2025 | $0.32808 | Sep 5, 2025 |
| Aug 1, 2025 | $0.3308 | Aug 6, 2025 |
| Jul 1, 2025 | $0.3283 | Jul 7, 2025 |
| Jun 2, 2025 | $0.31953 | Jun 5, 2025 |
| May 1, 2025 | $0.32761 | May 6, 2025 |
| Apr 1, 2025 | $0.32558 | Apr 4, 2025 |
Performance
TLT had a total return of -6.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.85%.
News
ETFs Never Had It So Good — The Trillion-Dollar Moment Is Almost Here
As the Federal Reserve approaches next week's policy meeting, Wall Street is doing the usual pas de deux around interest rates. But this time, there is a disruptor to the traditional monetary policy l...
Wall Street Breakfast Podcast: BofA Says Investors Should Think BIG
BofA introduces the BIG investment theme: Bonds, International stocks, and Gold as the next major strategy for the 2020s. Tesla (TSLA) plans to increase output at its German plant, citing strong sales...
TLT: Higher Term Premiums On The Incoming Rate-Cut Bets
Recent Fed rate-cut bets have pushed bull steepening of the yield curve, with the front end dropping faster than the long end, raising term premiums. Crowded trades have pushed the 5-year yield close ...
TLT: Remember Last September
TLT has broken out of a 4-month range and is above the 200-day moving average. The Fed's focus shift from inflation to the labor market echoes 2024, when it cut 50 bps in September and 100 bps by the ...
TLT ETF analysis as outflows slow amid a Trump tariff silver lining
The iShares 20+ Year Treasury Bond ETF (TLT) has remained in a tight range this week as investors assess the impact of tariffs on the economy and the upcoming actions of the Federal Reserve. TLT was t...
Bond ETF Investors On Alert During Fed Shake-Up, Rising Yields
Long-term U.S. treasuries were pushed lower Tuesday as the ouster of Federal Reserve Gov. Lisa Cook by President Donald Trump fueled uncertainty regarding the independence of the central bank and mone...
Credit Spreads At Historical Lows, TLT Vs. VCLT
TLT and VCLT historically move together with ~90% correlation. Recently, a clear divergence has opened, with VCLT outperforming. Such market dislocations are rarely permanent and tend to revert.
Bond ETFs Outshine Equities In Weekly Flows As Rate Cut Bets Build
U.S.-listed ETFs attracted nearly $19 billion during the week ended Aug. 8, with fixed income approaches decisively leading investor allocations, according to data from Etf.com.
Funds Only Portfolio: Potentially $6,000 Per Month Income
A diversified, funds-only portfolio can deliver reliable 6-7% income and market-matching growth, ideal for retirees seeking simplicity and peace of mind. Asset allocation spans dividend growth, bonds,...
TLT: Rate Expectations Down And Yields Up? It's All About The Term Premium
The TLT tracks the performance of long-term Treasury bonds, which appear to be losing their safe haven status. Recent weakness reflects the rising term premium owing to increased uncertainty over long...
TLT: Trump Is Right About Interest Rates, So It's Time To Back Up The Truck
I see TLT's current price and nearly 5% yield as an attractive buying opportunity with limited long-term risk, despite concerns about U.S. debt. Lower interest rates are likely coming soon, either fro...
SGOV & TLT: A Tale Of Two ETFs And The Duration Trade
The highly anticipated 'duration trade' in long bonds like TLT has underperformed despite the Fed lowering rates by 100bp since their peak. TLT's price hasn't rebounded as expected because its yield h...
What Recent CEF Distribution Cuts Mean, And Why I'm Not Concerned
Diversification across bonds, senior loans, and CLOs is key to managing interest rate and credit risks in fixed-income portfolios. Market timing is extremely difficult; a balanced mix of fixed and flo...
TLT: Staying Bullish After Its Latest Surge
We see the fiscal risk premium as being priced in and think the iShares 20+ Year Treasury Bond ETF can tap into lucrative longer-term key rates. Our short-term forecast for the yield curve is bullish ...
The Big 3: TLT, ZM, INTC
Don Kaufman is bearish on the TLT ETF and Zoom Communications (ZM), but bullish on Intel (INTC) as the company prepares to restructure its manufacturing headcount. For his bearish TLT trade, Don cites...
Final Trade: RDDT, DELL, TLT, EQT
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
While TLTW Crawled, Our TLT Strategy Sprinted
Buy-write ETFs like TLTW offer high yields but ugly mid-to-long term total returns due to rigid covered Call strategies, especially during volatile markets. I'm neutral to slightly bullish on TLT mid-...
TLT: 5% Yield Now Outpaces Equity Earnings Yield, With Higher Term Premium Embedded
TLT's recent sharp selloff has priced in some fiscal deficit concerns, with 2-20 yield spread widening to 100 bps, indicating the current yield has embedded higher term premium. TLT has reached a 5% y...
Final Trade: AAPL, NVO, TLT, X
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Most U.S. Treasury Prices Slide Since 'Liberation Day'
In recent days, a new headwind is weighing on fixed income securities: a US government budget bill, which is expected to significantly raise an already hefty federal deficit in the years ahead. Long-t...
TLT: Doubling Down On Our Bullish Outlook
A fundamental analysis paired with a modelling process suggests longer-term yields remain overzealous. We think iShares 20+ Year Treasury Bond ETF can benefit if the market wakes up to the realities o...
Trade Tracker: Joe Terranova sells his entire TLT position
Joe Terranova, senior managing director at Virtus Investment Partners, joins CNBC's 'Halftime Report' to explain why he's getting out of the TLT.
TLT Vs. VCTL: Yield Spread Is Near 10-Year Low
The dividend yield spread between Vanguard Long-Term Corporate Bond Index Fund ETF Shares and iShares 20+ Year Treasury Bond ETF is currently near a 10-year low. This signals an unusually unfavorable ...