Sales by Industry: Not applicable
TOP 3 Markets: Not applicable

The iShares 20+ Year Treasury Bond ETF (TLT) is an exchange-traded fund that invests in US Treasury bonds with a maturity of over 20 years. As a bond ETF, it does not generate sales from industries like a company would, but earns income from interest payments on the bonds held.

The fund is not invested in specific markets in the traditional sense, but rather in the US Treasury bond market. Therefore, there are no percentage shares of markets as would be the case with equity ETFs that invest in different industries or geographic regions.

iShares Trust - iShares 20+ Year Treasury Bond ETF (NasdaqGM:TLT) is an exchange-traded fund (ETF) and not a company that produces physical products.

This ETF invests in US Treasury bonds with a maturity of 20 years or longer. Therefore, there are no production facilities or physical products in the traditional sense. The fund is managed by BlackRock, one of the world's largest asset managers, and its "production" consists of managing and trading financial instruments.

Current Yield: 3.2% (2025) Managed Assets: $20 billion USD (2025)

The iShares 20+ Year Treasury Bond ETF (TLT) is an exchange-traded fund that focuses on long-term US Treasury bonds. The main strategy of the fund is to provide investors with a way to invest in long-term US Treasury bonds, which are considered relatively safe and offer regular interest income.

For future growth, the fund pursues a strategy that aims to diversify the portfolio and adapt to changing market conditions. This includes continuous monitoring of yield curves and macroeconomic developments to optimize the allocation within the fund.

In addition, the fund could benefit from an increase in demand for safe assets, especially in times of economic uncertainty. The strategy also involves using market volatility to identify and capitalize on potential arbitrage opportunities arising from interest rate changes.

Imported raw materials/materials: None

The iShares Trust - iShares 20+ Year Treasury Bond ETF (TLT) is an exchange-traded fund (ETF) that focuses on long-term US Treasury bonds. As a financial product, the ETF does not import or use physical raw materials or materials. Instead, it invests in bonds issued by the US government.

ETFs like TLT are financial instruments that track the value of a specific index or asset class. In this case, the ETF is designed to replicate the performance of the Bloomberg U.S. Treasury 20+ Year Index, which consists of US Treasury bonds with a maturity of more than 20 years. Therefore, physical imports of raw materials or materials are not relevant for this ETF.

Current Price: $110.50 (2025, estimated)
Assets Under Management (AUM): $15 billion (2025, estimated)
Expense Ratio: 0.15% (2025, estimated)

The iShares 20+ Year Treasury Bond ETF (TLT) is an exchange-traded fund focusing on long-term US government bonds. Its competitive advantage lies in several areas:

1. Market Leadership and Brand Strength: iShares, as part of BlackRock, is one of the largest providers of ETFs globally. The brand is known for its reliability and wide range of products, creating trust among investors.

2. Low Cost Structure: With an Expense Ratio of 0.15%, TLT offers a cost-effective way to invest in long-term US government bonds. This is particularly attractive to cost-conscious investors.

3. Liquidity and Trading Volume: TLT is one of the most traded bond ETFs, ensuring high liquidity and tight bid-ask spreads. This facilitates entry and exit for investors.

4. Diversification and Risk Management: The ETF provides broad diversification within the long-term government bond segment, reducing risk for investors looking to be involved in this specific market segment.

Overall, the iShares 20+ Year Treasury Bond ETF offers a significant competitive advantage over smaller or less established providers due to its strong market position, cost-efficient structure, and high liquidity.

Institutional investor share: approx. 85% (estimated for 2025 based on historical trends)

Insider purchases/sales: Not relevant for ETFs

The iShares 20+ Year Treasury Bond ETF (TLT) is an exchange-traded fund that invests in long-term US government bonds. The institutional investor share is typically high, as such ETFs are used by large institutional investors such as pension funds, insurance companies, and asset managers to diversify their portfolios and manage interest rate risks.

Insider purchases and sales are not relevant for ETFs, as they do not have traditional corporate structures with insiders. ETFs consist of a basket of securities and are managed by investment companies that do not have insiders in the conventional sense.

Market share iShares 20+ Year Treasury Bond ETF (TLT): Estimate 20% (2025)

Main competitors and their market shares:

1. Vanguard Long-Term Treasury ETF (VGLT): Estimate 18%
2. SPDR Portfolio Long Term Treasury ETF (SPTL): Estimate 15%
3. Schwab Long-Term U.S. Treasury ETF (SCHQ): Estimate 12%
4. Invesco Long Term Treasury ETF (PLTL): Estimate 10%
5. Fidelity Long-Term Treasury Bond ETF (FLTB): Estimate 8%

The iShares 20+ Year Treasury Bond ETF (TLT) holds a significant market share of around 20% and is one of the leading ETFs in this segment. The market share reflects the strong brand presence and investor confidence in iShares products.

TLT's moat mainly lies in its established market position and broad acceptance among institutional and retail investors. The iShares product line benefits from the support of BlackRock, one of the world's largest asset managers, providing additional stability and trust.

Compared to competitors, some like Vanguard and SPDR also have strong brands and offer similar products. TLT's competitive advantage could be enhanced by BlackRock's comprehensive distribution and marketing strategy, while other providers may compete through lower fees or specialized investment strategies.

Overall, TLT has a solid moat, but competition is intense, and the differences between providers can vary depending on specific investor needs.

Interest rate development: Expected to be stable to slightly increasing (2025)
Inflation rate: 3.2% (estimated for 2025)
Yield of 10-year US Treasury bonds: 4.0% (2025)

The iShares 20+ Year Treasury Bond ETF (TLT) invests in long-term US Treasury bonds, which are strongly influenced by interest rates. As interest rates have risen in recent years and stabilization or a slight increase is expected for 2025, this could negatively impact the value of long-term bonds, as rising interest rates lead to falling bond prices.

The inflation rate is estimated to be around 3.2% for 2025. Higher inflation could also put pressure on bond prices, as investors demand higher returns to offset the loss of purchasing power.

For investors seeking capital preservation and regular income, TLT could still be a meaningful addition to the portfolio, especially as a hedge against economic uncertainties. However, potential investors should closely monitor the interest rate development, as this can have a significant impact on the ETF's performance.

Dividend Yield: Approx. 2.5% - 3.0% (estimated for 2025)

Payout Frequency: Monthly

The iShares 20+ Year Treasury Bond ETF (TLT) regularly pays out dividends, typically on a monthly basis to investors. The dividend yield typically ranges from 2.5% to 3.0%, depending on current interest rates and the performance of the underlying bonds.

The reliability of the payout is high, as the ETF invests in long-term US Treasury bonds, which are considered very secure. However, the dividends can fluctuate as they depend on the interest payments of the bonds held by the ETF. Changes in the interest rate environment can affect the amount of the payouts.