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iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW)

$21.16

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Key data on TLTW

AUM

$1.82B

P/E ratio

--

Dividend yield

10.9272%

Expense ratio

0.35%

Beta

0.457147

Price on TLTW

Previous close

$21.14

Today's open

$21.25

Day's range

$21.16 - $21.25

52 week range

$20.97 - $24.08

Profile about TLTW

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Headquarters

US

Exchange

CBOE Global Markets BZX

Issue type

Exchange-Traded Fund

TLTW industries and sectors

Bonds

Domestic

News on TLTW

After Comparing Every Bond ETF Paying Over 6 Percent, These 3 Win as the Fed Cuts Rates

The Federal Reserve has taken its target rate from 4.5% to 3.75% over the past year, and reinvestment risk has arrived for anyone in money market funds.

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24/7 Wall Street • Aug 17, 2026

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Most Income Investors Have Never Heard of These 3 Bond ETFs Paying Over 10 Percent Monthly

Three little-known exchange-traded funds from BlackRock's iShares lineup distribute double-digit annual yields to shareholders monthly.

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24/7 Wall Street • Aug 1, 2026

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TLTW: Covered Call Long-Term Treasury ETF, Too Risky On The Eve Of A Hiking Cycle

iShares 20+ Year Treasury Bond Buywrite Strategy ETF is a covered call long-term treasury ETF. The fund's covered calls boost its distribution yield to 11.2%, while capping upside potential. Downside remains unchanged, and for a long-term treasury ETF, rate downside is sky-high. Avoiding the fund while rate hikes are a possibility seems wise.

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Seeking Alpha • Jul 30, 2026

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TLTW: A Hefty Yield And Margin Of Safety Against Rising Rates

The iShares 20+ Year Treasury BuyWrite Strategy ETF is rated a strong buy, offering attractive yield and downside protection versus traditional long-duration Treasury ETFs. TLTW's covered call strategy enhances income and cushions against rising yields, outperforming AGG and BND on a total return basis since July 2024. Current long-term Treasury yields provide a much healthier margin of safety than in 2021, with breakeven yield now nearly four times higher.

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Seeking Alpha • Jul 8, 2026

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Long Bonds Just Lost Money for a Sixth Straight Year, And One Quiet ETF Is Engineered for the Reversal

Prior to the start of the Iran War, President Donald Trump had been feuding with Jerome Powell about cutting interest rates.

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24/7 Wall Street • Jun 16, 2026

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2 Monthly Dividend ETFs Set to Surge if There's a Rate Hike in 2026

The past two months have changed the calculus significantly for interest rate cuts this year, and we could even be looking at interest rate hikes.

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24/7 Wall Street • Apr 23, 2026

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Something Unusual Is Happening Around TLTW That You Need To Know

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF is rated HOLD due to increased market uncertainty and capped upside potential. TLTW's buy-write structure limits gains to 2% monthly, making it (IMO) less attractive if TLT rallies sharply amid changing macro conditions. Current low implied volatility and shifting inflation expectations reduce (IMO) the competitiveness of option premiums at monthly roll.

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Seeking Alpha • Apr 22, 2026

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3 Dividend ETFs That Can Replace a Pension in 2026

Social Security pays retirees $2,000 a month on average, and private tuitions are even lower than that.

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24/7 Wall Street • Mar 19, 2026

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3 Dividend ETFs That Yield Over 9% and Are Actually Worth Buying

If you have a long-term focus and you also want high yields, it's a good idea to look into the ProShares Russell 2000 High Income ETF (BATS:ITWO), iShares 20+ Year Treasury Bond BuyWrite Strat ETF (BATS:TLTW), and Westwood Salient Enhanced Midstream Income ETF (NYSE:MDST).

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24/7 Wall Street • Feb 2, 2026

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This ETF Has a Double-Digit Yield and Could Surge 50%+ During a Recession

Talks of a “looming recession” have almost disappeared in the past two years due to the market rally looking unbeatable, but one is going to happen eventually, and it can take you by surprise.

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24/7 Wall Street • Jan 21, 2026

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¹ Disclosures

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