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TLTW ETF · iShares 20+ Year Treasury Bond BuyWrite Strategy ETF
The TLTW Exchange Traded Fund (ETF) is provided by iShares. It is built to track an index: Cboe TLT 2% OTM BuyWrite Index. The TLTW ETF provides physical exposure, so by buying it you actually own parts of all the 46 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
LIVE
CLOSED
This fund is part ofOptions Strategies1M perf.-1.81%
Last price
$22.50
1M perf.
-1.48%
1M flows
+€62M
AuM
€1.56B
E/R
0.35%
Rating
ESG Consensus®
TLTW
$22.50
Performance & flows
December 12, 2025 → March 12, 2026
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TLTW
$22.58
+1.66%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -1.48% | +1.66% | +8.26% | +4.32% | N/A | -3.14% | +1.36% | +1.36% | |
| Flows |
Key fund info
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/12/2026
$22.58
1D NAV change
-0.18%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
46
Inception date
8/18/2022
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The ETF seeks to track the investment results of an index that reflects a strategy of holding the iShares 20+ Year Treasury Bond ETF while writing (selling) one-month call options to generate income.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +1.66% | +8.26% | +4.32% | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
USA
100.27%
Sectors
Sovereign
91.04%
Unavailable
8.96%
Diversification
Total weight of top 15 holdings out of 46
Top 15 holdings
Data as of January 31, 2026
USA, Bonds 2% 15aug2051, USD
USA, Bonds 1.875% 15nov2051, USD
USA, Bonds 4.125% 15aug2053, USD
USA, Bonds 4.75% 15nov2053, USD
US912810UK24
USA, Bonds 4.625% 15may2054, USD
USA, Bonds 4.25% 15aug2054, USD
USA, Bonds 4.25% 15feb2054, USD
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USA, Bonds 1.875% 15feb2051, USD
USA, Bonds 3.625% 15may2053, USD
USA, Bonds 4.625% 15feb2055, USD
USA, Bonds 4.5% 15nov2054, USD
USA, Bonds 4% 15nov2052, USD
USA, Bonds 2% 15feb2050, USD
USA, Bonds 1.625% 15nov2050, USD
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Enterprise
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Integrates ESG criteria
No
SDG
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Enterprise
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Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Cboe TLT 2% OTM BuyWrite Index NTR - USD
Index ticker
BXTBW Index
Index dividend policy
NTR
Replication method
Replication model
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Enterprise
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iShares
iShares ID Card
Number of funds
1720
Total AuM
€4.93T
Expense ratio range
0.03% - 1.51%
Average expense ratio
0.285%
Top 5 funds by iShares
| AuM | ||
|---|---|---|
IVV | iShares Core S&P 500 ETF | €614.83B |
IEFA | iShares Core MSCI EAFE ETF | €147.01B |
AGG | iShares Core U.S. Aggregate Bond ETF | €120.68B |
IEMG | iShares Core MSCI Emerging Markets ETF | €118.68B |
CSSPX | iShares Core S&P 500 UCITS ETF | €113.07B |
Frequently asked questions about TLTW
What does iShares 20+ Year Treasury Bond BuyWrite Strategy ETF, TLTW, invest in?
TLTW is a Passive ETF. This ETF provides exposure to US Investment Grade Government Bonds.
Which benchmark or index does TLTW replicate?
TLTW tracks the Cboe TLT 2% OTM BuyWrite Index NTR - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of TLTW?
TLTW carries a total expense ratio (TER) of 0.35%, indicating the annual cost for holding the fund.
When was TLTW launched?
TLTW was introduced to the market on August 18, 2022. It trades on United States
Who is the ETF issuer of TLTW?
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF, TLTW, is provided by iShares. Learn more about iShares here.
What is the current assets under management (AUM) of TLTW?
TLTW oversees €1.56B in assets as of March 12, 2026.
How has TLTW performed lately?
Based on data from March 12, 2026, TLTW returned -1.48% over the past month, 1.66% over the last three months and 1.36% year-to-date.
What are the latest inflows or outflows for TLTW?
As of March 12, 2026, TLTW recorded net flows of +€62M over the last month and +€135M year-to-date.
Does TLTW distribute dividends?
TLTW follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 13.68%.
What are the main country or region exposures of TLTW?
As of January 31, 2026, TLTW has significant geographic allocations in USA.
In which sector or theme does TLTW invest in?
As of January 31, 2026, TLTW focuses largely on Sovereign.
How many securities does TLTW hold and how diversified is it?
As of January 31, 2026, TLTW holds 46 positions in its portfolio, with 61.23% of assets concentrated in its top 15 holdings.
What are the main positions in TLTW?
As of January 31, 2026, TLTW top three holdings include USA, Bonds 2% 15aug2051, USD, USA, Bonds 1.875% 15nov2051, USD and USA, Bonds 4.125% 15aug2053, USD.
What is the base currency of TLTW?
The base currency of TLTW is USD.
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