iShares 10-20 Year Treasury Bond ETF

iShares Trust · Series S000013696 · 1 share classes

Bond fund · 98% debt· rate + credit risk filed
One fund, 1 share classes:TLH
$12.85B NAV
68 positions · as of 2026-02-28 · filed 2026-04-22
data updated 2026-08-17

Fund profile

As filed in the prospectus · 2026 Q2

The iShares 10-20 Year Treasury Bond ETF (the Fund ) seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities between ten and twenty years.

Strategy · summarised

The fund tracks the ICE U.S. Treasury 10-20 Year Bond Index using representative sampling, holding a sample of Treasury securities with remaining maturities between ten and twenty years that collectively mirrors the index's characteristics; it invests at least 80% of assets in index components and may use futures, options and swaps for up to 10% of assets to aid tracking. Because the fund does not hold all index constituents, its returns may diverge from the index.

Expenses
0.15%one share class
Share classExpense ratio
TLH0.15%

Portfolio turnover 15.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

99.44%
of net assets
Bonds98.36%
Cash & short-term1.08%

Latest quarter

What changed since the fund's previous filing

2026Q1 vs 2025Q4: 3 new0 exited

Largest new: United States of America ×3

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year
3-year
5-year
Volatility
Worst 3-yr fall
Cumulative return· Mar 2023 – Feb 2026

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-02-28

Avg coupon
3.47%
Avg maturity
16.76 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

0%
floating
Fixed rate99.7%
Zero-coupon or unclassified0.3%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

3-5y10y+
3-5y0.1%
5-10y0.9%
10y+99.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1

Most of this fund’s sensitivity is to interest rates, with credit spreads carrying a small fraction as much.

Interest-rate duration
12.08 yr
approx. move per 100bp
Credit-spread duration
0.00 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ -12.0%
of value
Interest rates100%
Credit spreads0%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+0.00
yrs total
Investment grade+0.00 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.

Interest rate12.08 yr total
3 mo30 yr
3 mo0.01 yr0%
1 yr0.10 yr1%
5 yr1.00 yr8%
10 yr7.29 yr60%
30 yr3.68 yr30%
Credit spread0.00 yr total
3 mo
3 mo0.00 yr100%

The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.

Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.01+0.00+0.00$52$0
1 yr+0.10+0.00+0.00$0$0
5 yr+1.00+0.00+0.00$0$0
10 yr+7.29+0.00+0.00$0$0
30 yr+3.68+0.00+0.00$0$0

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
United States of America4.75% · due 2043-11-155.54%$712.47M
United States of America1.75% · due 2041-08-153.98%$511.43M
United States of America4.50% · due 2044-02-153.97%$510.63M
United States of America4.13% · due 2044-08-153.96%$508.84M
United States of America2.00% · due 2041-11-153.91%$502.95M
United States of America4.38% · due 2043-08-153.71%$477.43M
United States of America4.00% · due 2042-11-153.68%$472.72M
United States of America3.38% · due 2042-08-153.59%$461.64M
United States of America3.88% · due 2043-05-153.51%$450.77M
United States of America4.63% · due 2045-11-153.34%$429.23M
Showing 10 of 68Sign in to see more

Top 10 positions are 39.20% of net assets, top 25 76.07%, across 2 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

Sign in free