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  • ETF
  • TLT
    Pricing Data
    $141.56
    Change: $1.17 (0.01%)
    Time: 07/29/16
    Previous Close: $140.39
  • Category
  • Government Bonds
Last Updated:

Profile

Vitals

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $116.59
  • 52 Week Hi: $143.62
  • AUM: $8,129.3 M
  • Shares: 64.0 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 9,568,187
  • 3 Month Avg. Volume: 8,532,688

Alternative ETFs in the Government Bonds Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

This ETF is one of the most popular options for investors seeking to establish exposure to long-dated Treasuries, an asset class that is light on credit risk but may offer attractive yields thanks to an extended duration and therefore material interest rate risk. TLT might not be a core holding in a buy-and-hold portfolio, as long-term Treasuries are included in broader-based bond funds such as AGG and BND. But for those looking to extend the duration of their portfolio and potentially enhance the current return offered, this can be a useful product. TLT is efficient from a cost perspective, offers exposure to hundreds of individual securities, and delivers impressive liquidity to those looking to execute a trade quickly. Investors may also wish to consider similar products such VGLT and TLO; the yield and duration of these products may differ slightly, making one potentially more appealing depending on exact investment objectives.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for TLT on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Government Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Compare to another ETF

View the Category Report

TLT Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ TLT
Expenses B- TFLO
Performance
Volatility
Dividend
Concentration

Knowledge Centers

TLT In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.

TLT Holdings

Filings Data as of: Jul 05, 2016
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Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb Category.

Number of Holdings
Rank:
33
Category Low
Category High
% Assets in Top 10
Rank:
63.93%
Category Low
Category High

Asset Allocation

Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 99.38%
International Bonds 0.0%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 0.62%
Other 0.0%

Bond Sector Breakdown

Bond Sector Percentage
Treasury 0.0%
TIPS 0.0%
U.S. Agency 0.0%
MBS 0.0%
U.S. Corporate 0.0%
Asset-Backed 0.0%
Convertible 0.0%
Muni 0.0%
Foreign Government 0.0%
Foreign Corporate 0.0%
Other 100.0%

Bond Detailed Sector Breakdown

Bond Sector Percentage
Government 99.38%
Corporate Bond 0.66%
Agency Mortgage Backed 0.0%
Cash And Equivalents 0.0%
Asset Backed 0.0%
Covered Bond 0.0%
Commercial Mortgage Backed 0.0%
Non Agency Residential Mortgage Backed 0.0%
Sector Swap 0.0%
Preferred 0.0%
Future Forward 0.0%
Convertible 0.0%
Bank Loan 0.0%
US Municipal Tax Advantaged 0.0%
Municipal Taxable 0.0%
Government Related 0.0%
Option Warrant 0.0%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 0.0%
1% to 2% 0.0%
2% to 3% 44.02%
3% to 4% 36.43%
4% to 5% 18.93%
5% to 6% 0.0%
6% to 7% 0.0%
7% to 8% 0.0%
8% to 9% 0.0%
9% to 10% 0.0%
Greater Than 10% 0.0%

Credit Quality

Credit Percentage
AAA 100.0%
AA 0.0%
A 0.0%
BBB 0.0%
BB 0.0%
B 0.0%
Below B 0.0%
Not Rated 0.0%

Maturity Breakdown

Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.6%
20-30 Years 98.78%
30+ Years 0.0%

TLT Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.

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Expenses Ratio Analysis

ETF Average
0.578%
ETF Wtd. Average
0.26%
Category Average
0.25%
Expense Ratio
Rank:
0.15%
Category Low
Category High

Commission Free Trading

This ETF is currently available for commission free trading on the following platforms: (TD Ameritrade, Fidelity)

Category Commission Free Trading

There are 13 other ETFs in the Government Bonds ETFdb Category that are also eligible for commission free trading:

TLT Performance

This section shows how this ETF has performed relative to its peer group ETFdb Category.

1 Week Return
Rank:
1.99%
Category Low
Category High
4 Week Return
Rank:
0.70%
Category Low
Category High
13 Week Return
Rank:
9.83%
Category Low
Category High
26 Week Return
Rank:
12.07%
Category Low
Category High
Year to Date Return
Rank:
18.32%
Category Low
Category High
1 Year Return
Rank:
18.81%
Category Low
Category High
3 Year Return
Rank:
41.68%
Category Low
Category High
5 Year Return
Rank:
68.93%
Category Low
Category High

Charts

The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of TLT relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

TLT Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

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P/E Ratio
Rank:
No Ranking Available
Category Low
Category High

TLT Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

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Dividend
$0.24
Dividend Date
2016-02-01
Annual Dividend Rate
$3.11
Annual Dividend Yield
Rank:
2.45%
Category Low
Category High

TLT Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb Category.

5 Day Volatility
Rank:
30.98%
Category Low
Category High
20 Day Volatility
Rank:
13.54%
Category Low
Category High
50 Day Volatility
Rank:
13.41%
Category Low
Category High
200 Day Volatility
Rank:
12.28%
Category Low
Category High
Beta
Rank:
0.98
Category Low
Category High
Standard Deviation
Rank:
6.55%
Category Low
Category High

Technicals

  • 20 Day MA: $140.34
  • 60 Day MA: $135.22
  • MACD 15 Period: 1.88
  • MACD 100 Period: 8.78
  • Williams % Range 10 Day: 2.56
  • Williams % Range 20 Day: 31.07
  • RSI 10 Day: 64
  • RSI 20 Day: 61
  • RSI 30 Day: 60
  • Ultimate Oscillator: 66

Bollinger Brands

  • Lower Bollinger (10 Day): $137.22
  • Upper Bollinger (10 Day): $141.13
  • Lower Bollinger (20 Day): $136.93
  • Upper Bollinger (20 Day): $143.56
  • Lower Bollinger (30 Day): $133.18
  • Upper Bollinger (30 Day): $144.47

Support & Resistance

  • Support Level 1: $140.63
  • Support Level 2: $139.69
  • Resistance Level 1: $142.09
  • Resistance Level 2: $142.61

Stochastic

  • Stochastic Oscillator %D (1 Day): 73.19
  • Stochastic Oscillator %D (5 Day): 85.05
  • Stochastic Oscillator %K (1 Day): 64.59
  • Stochastic Oscillator %K (5 Day): 72.99

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Emma/Mansi Image

Published March 1, 2016

The following article was not written by a human. It was written by an AI called Emma. Her bio can be found on her author page.

Artificial intelligence has come a long way, and while it may or may not replace humans, it is already providing exceptional support by augmenting human work in many industries. Emma collates news items and analyzes structured financial numbers as she spins out an article in 20 minutes. This is definitely an interesting milestone in AI. We’re just checking in to see if our readers like it. Do give us a shout on Twitter at @ETFdb or on Facebook.

Election Year Paints a Weak Picture for Rate Hikes

The iShares Barclays 20+ Year ETF (TLT B-) tracks the investment results of the Barclays U.S. 20+ Year Treasury Bond Index. The index measures the performance of those public obligations of the United States Treasury that have a remaining maturity of 20 or more years. This year, the ETF is up 8.6%, beating the market significantly as QE has effectively stopped and the Fed has started raising interest rates. This bodes well for the yield curve of the underlying debt that the index tracks.

Unfortunately for the ETF, the macro picture isn’t looking too bright. While the Fed may seek to hike rates at will this year, fundamentals,­ including an anemic U.S. recovery, headwinds from China, and a near-negative interest rate environment in Japan and the EU, paint a different picture and point to a modest one or two hikes during the second half of 2016. In addition, this year is an election year and while the Fed is not likely to get caught up in the economic rhetoric of the U.S. presidential cycle, hikes by the Fed will be frowned upon by the electoral college (even though the hike itself may not materially change monetary policy for the average American).

Performance

In terms of performance, the ETF has done well partly because the underlying index it tracks focuses on longer-term maturities. Over the last five years, TLT is up 39.7%. However, over the last one year, the fund is down ­1.7%, having been driven lower partly by a hesitant Fed; the Federal Reserve hiked rates for the first time in nearly a decade late last year instead of in early 2015. Even so, since the December hike until today, TLT is up 7%. It was up even more in mid-February, gaining almost 11% from the December hike. The recent cool­ off has been driven, as mentioned earlier, by expectations that the Fed won’t be able to hike rates again given macroeconomic headwinds outside the U.S. and anemic wage growth at home.

Financial Ratios

That leads us to TLT’s financial ratios. TLT has just over $10.4 billion in assets under management, with a turnover ratio of 32% and a 12-month dividend yield of 2.38%. It is generally considered a safe investment since the underlying debt the index tracks comprises long-term (20+ year) government debt. TLT is near its all-time highs, trading as of this writing at $130.20. Its 52-week high is $135.25, while its 52-week low is $114.88, which was tested twice in mid-July.

Weak Buy

Broadly, TLT appears to be a Weak Buy given macroeconomic headwinds in the global economy and the Fed’s limited ability to hike interest rates in the U.S. With a dividend yield of 2.38%, there may be better opportunities in other places such as utilities and REITs. However, for those investors wanting a safe-haven asset, TLT is a good play. It is a Weak Buy with a price target of $133.50.

Click here to read about Emma’s views on Microsoft, the ETFs QQQ, GDX, FV, VOO and VTI, and the ETNs TVIX and VXX.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.