Key Highlights

  • iShares 10-20 Year Treasury Bond ETF (NYSEARCA:TLH) had net assets of about $12.10 billion and a NAV of $95.61 as of Oct 26, 2026.
  • The fund tracks the ICE U.S. Treasury 10-20 Year Bond Index with an expense ratio of 0.15%.
  • Its 30-day SEC yield was 5.30%, with monthly distributions.

The iShares 10-20 Year Treasury Bond ETF (NYSEARCA:TLH) holds U.S. Treasury bonds with maturities between ten and twenty years, giving exposure to intermediate-to-long duration government debt. As of Oct 26, 2026, net assets were about $12.10 billion and NAV was $95.61 per share.

Index and Investment Approach

The fund tracks the ICE U.S. Treasury 10-20 Year Bond Index and has traded since Jan 5, 2007. It charges 0.15% and had a 30-day SEC yield of 5.30% as of Oct 23, 2026.

Portfolio Composition

The portfolio held 61 Treasury bonds, led by the 4.50% bond due Feb 15, 2044 (3.93%), the 4.13% bond due Aug 15, 2044 (3.63%) and the 3.88% bond due May 15, 2043 (3.40%). Effective duration was 11.58 years, convexity 1.72 and weighted average maturity 16.56 years, the longest of the Treasury funds in this batch.

Yield and Distributions

The fund reported a 30-day SEC yield of 5.30% as of Oct 23, 2026 and a 12-month trailing yield of 4.69%. Distributions are paid monthly. The most recent distribution was $0.357959 per share, with an ex-date of Oct 1, 2026 and payment on Oct 6, 2026. iShares notes that distribution yield and trailing yield can vary from period to period for reasons such as tax treatment and changes in fund shares outstanding.

Portfolio Characteristics

As of Oct 23, 2026 the portfolio held 61 securities. Weighted average coupon was 3.39, weighted average maturity 16.56 years, effective duration 11.58 years and average yield to maturity 5.31%, with an option adjusted spread of 0.17 bps and convexity of 1.72.

Concentration and Holdings Profile

61 securities were held as of Oct 23, 2026. The five largest positions listed on the fund page totalled about 17.63% of assets, leaving roughly 82.37% across the remaining holdings. That is a moderate level of concentration at the top of the portfolio. iShares notes that holdings are subject to change and that the weights shown are calculated from vendor prices, which may differ from the fund’s own valuation prices.

Fund Details at a Glance

The iShares 10-20 Year Treasury Bond ETF (NYSEARCA:TLH) is an index-based fixed income fund that began trading on Jan 5, 2007. Its benchmark is the ICE U.S. Treasury 10-20 Year Bond Index, and it pays distributions monthly. As of Oct 26, 2026 it had 126.6 million shares outstanding and net assets of $12,104,253,050. An annual fee of 0.15% works out to $15 for every $10,000 held, before any brokerage commissions.

Risk Disclosures Noted by iShares

Fixed income risks include interest-rate and credit risk: when interest rates rise, the value of debt securities typically declines, and credit risk is the possibility that an issuer cannot make principal and interest payments. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency, and its return and yield will fluctuate with market conditions. Shares of ETFs are bought and sold at market price rather than NAV and are not individually redeemed from the fund, and brokerage commissions will reduce returns. Investing involves risk, including possible loss of principal.

Costs and Trading Details

The expense ratio is 0.15%. The fund is listed on NYSE Arca with 126.6 million shares outstanding and net assets of $12,104,253,050 as of Oct 26, 2026. The closing price was $95.63 as of Oct 26, 2026, against a NAV of $95.61 on Oct 26, and the premium/discount was 0.02. The 30-day median bid/ask spread was 0.01% and 30-day average volume was 3,648,430 shares.

Closing View

iShares 10-20 Year Treasury Bond ETF (NYSEARCA:TLH) reported net assets of about $12.10 billion and 61 holdings, with its index, fees and distribution schedule as set out above. The monthly distribution schedule, 0.15% expense ratio and 0.01% median bid/ask spread are the main cost and income details reported for the fund.