iShares 20+ Year Treasury Bond ETF
Institutional Structure & Tax Specification
Statutory fund vehicle structure, benchmark mechanics, regulatory identifiers & taxation specifications
Open-Ended Fund (1940 Act)
Physical (Representative Sampling)
Passive
2002-07-22
ICE U.S. Treasury 20+ Year Bond Index
Market Value-Weighted
US Treasury Bonds with remaining maturities of 20 years or greater
Quarterly / Periodic
Distributes (Monthly Cash Pass-Through)
Exempt from State & Local Taxes (1099-DIV Box 1a / US Govt Obligations)
39.60%
20.00%
Federal Ordinary Income Only (State Tax-Exempt)
US4642874329 · CEOJMS
BlackRock Fund Advisors
BlackRock Investments LLC
Operational Governance & Primary Market Mechanics (S48-Phase 2)
Statutory Form 497K & N-CEN statutory disclosures: creation/redemption mechanics, securities lending & tax forms
Standard 1099-DIV qualified pass-through; no complex partnership tax filing
Portfolio collateral not rehypothecated to short sellers
100% direct physical equity replication; zero swap counterparty risk
Statutory Form N-PORT transparent reporting schedule
Standard block size for authorized participant (AP) primary creation
Active primary market arbitrage throughput
Massive AUM scale and daily dollar liquidity protect against liquidation
Fit vs. ICE U.S. Treasury 20+ Year Bond Index
Ease of AP primary market arbitrage and basket creation
Annual NAV tracking variance vs benchmark index
SEC EDGAR & Regulatory Structure
Statutory filings and fund prospectuses