iShares 20+ Year Treasury Bond Buywrite Strategy ETF
Price through Sep 30 · Flows through Sep 29. Figures use the latest available records, not a live quote. Fund details retrieved Oct 1. Holdings snapshot retrieved Oct 1.
The fund will seek to write call options up to (but not exceeding) the full amount of shares of the underlying fund held in the fund (i.e., the short position in the call option is offset, or “covered,” by the long position the fund holds in shares of the underlying fund).
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN · NET +$1.5B OVER THIS RANGE
Money is leaving — −$58M in net outflows over the past month, about 3.5% of the fund's asset base, while the price has returned -10.4% so far this year. At 0.35% a year it is not the cheapest way in — GSIG has a reported fee of 0.14%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | —USD CASH | 0.56% | — | — | — | |
| 2 | —BLK CSH FND TREASURY SL AGENCY - Money Market | 0.16% | — | — | — |
| 1 week | -1.5% |
| 1 month | -4.4% |
| 3 months | -8.6% |
| 6 months | -10.0% |
| YTD | -10.4% |
| 1 year | -13.3% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | −$21M |
| 1 month | −$58M |
| 3 months | −$140M |
| YTD | +$242M |
| 1 year | +$524M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The top holding is 0.6% of the book; the top ten carry 1%. Spread across 2+ names, it behaves like roughly 2 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat TLTW on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| STIP iShares 0-5 Year TIPS Bond ETF | 0.03% | $16.3B | +$489M | -32bp on fee · 10× the assets · +$489M in over the month | Head-to-head |
| SPTL State Street SPDR Portfolio Long Term Treasury ETF | 0.03% | $11B | +$160M | -32bp on fee · 7× the assets · +$160M in over the month | Head-to-head |
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $122.8B | +$2.3B | -30bp on fee · 73× the assets · +$2.3B in over the month | Head-to-head |
| SPTS State Street SPDR Portfolio Short Term Treasury ETF | 0.03% | $7.5B | +$1.4B | -32bp on fee · 4× the assets · +$1.4B in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.7B | +$575M | -31bp on fee · 14× the assets · +$575M in over the month | Head-to-head |