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Fixed Income
You can trade this ETF now.
GOVZ
iShares 25+ Year Treasury STRIPS Bond ETF
NAV as of Dec 10, 2024
$10.94
52 WK: 10.07 - 12.54
1 Day NAV Change as of Dec 10, 2024
-0.10
(-0.87%)
NAV Total Return as of Dec 10, 2024
YTD:
-7.07%
BRONZE
Fees as stated in the prospectus
Expense Ratio: 0.15%
Net Expense Ratio: 0.10%
Overview
Why GOVZ?
1. Exposure to U.S. principal STRIPS (Separate Trading of Registered Interest and Principal Securities) with remaining maturities of at least 25 years
2. Capital efficient access to U.S. rates
3. Use to customize your exposure to different key rates across the U.S. Treasury Curve
INVESTMENT OBJECTIVE
The iShares 25+ Year Treasury STRIPS Bond ETF seeks to track the investment results of an index composed of the principal payments of U.S. Treasury bonds (specifically principal “STRIPS”, also known as “Separate Trading of Registered Interest and Principal Securities”) with remaining maturities of at least 25 years.
The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.Performance shown reflects fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. Performance would have been lower without such waivers.
Key Facts
Key Facts
Net Assets of Fund
as of Dec 10, 2024
$325,542,928
Exchange
Cboe BZX formerly known as BATS
Benchmark Index
ICE BofA Long US Treasury Principal STRIPS Index (USD)
Shares Outstanding
as of Dec 10, 2024
29,750,000
Premium/Discount
as of Dec 10, 2024
0.07%
Closing Price
as of Dec 10, 2024
10.95
30 Day Median Bid/Ask Spread
as of Dec 10, 2024
0.09%
Fund Launch Date
Sep 22, 2020
Asset Class
Fixed Income
Bloomberg Index Ticker
STPL
Distribution Frequency
Monthly
CUSIP
46436E577
30 Day Avg. Volume
as of Dec 10, 2024
447,606.00
Daily Volume
as of Dec 10, 2024
215,186.00
Portfolio Characteristics
Portfolio Characteristics
Number of Holdings
as of Dec 10, 2024
22
30 Day SEC Yield
as of Dec 10, 2024
4.27%
Standard Deviation (3y)
as of Oct 31, 2024
24.51%
Average Yield to Maturity
as of Dec 10, 2024
4.43%
Weighted Avg Maturity
as of Dec 10, 2024
27.25 yrs
Convexity
as of Dec 10, 2024
7.26
Equity Beta (3y)
as of Oct 31, 2024
0.89
12m Trailing Yield
as of Dec 10, 2024
4.22%
Unsubsidized 30-Day SEC Yield
as of Dec 10, 2024
4.22%
Weighted Avg Coupon
as of Dec 10, 2024
0.00
Effective Duration
as of Dec 10, 2024
26.66 yrs
Option Adjusted Spread
as of Dec 10, 2024
-8.07 bps
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.
Sustainability Characteristics
Sustainability Characteristics
Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn more
This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund's investment strategy, please see the fund's prospectus.
Review the MSCI methodologies behind Sustainability Characteristics using the links below.
MSCI ESG Fund Rating (AAA-CCC)
as of Nov 21, 2024
A
MSCI ESG Quality Score (0-10)
as of Nov 21, 2024
5.9
Fund Lipper Global Classification
as of Nov 21, 2024
Bond USD Government
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES)
as of -
-
MSCI ESG % Coverage
as of Nov 21, 2024
99.99%
MSCI ESG Quality Score - Peer Percentile
as of Nov 21, 2024
86.01%
Funds in Peer Group
as of Nov 21, 2024
193
MSCI Weighted Average Carbon Intensity % Coverage
as of Nov 21, 2024
0.00%
All data is from MSCI ESG Fund Ratings as of Nov 21, 2024, based on holdings as of Oct 31, 2024. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.
To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities.
Fees
Fees
as of current prospectus
Management Fee
0.15%
Acquired Fund Fees and Expenses
0.00%
Other Expenses
0.00%
Expense Ratio
0.15%
Fee Waivers
0.05%
Net Expense Ratio
0.10%
The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Amounts are rounded to the nearest basis point, which in some cases may be "0.00".
Ratings
Ratings
Morningstar Medalist Rating
Morningstar has awarded the Fund a Bronze medal. (Effective Oct 31, 2024)
The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.
Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.
The maturity breakdown above is based on Weighted Average Life (WAL). WAL is the average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.
Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.