iShares U.S. Treasury 20+ Year Bond ETF

The iShares U.S. Treasury 20+ Year Bond ETF is an exchange-traded fund that provides targeted exposure to long-term U.S. Treasury bonds, specifically those with remaining maturities greater than twenty years. Its primary function is to track the performance of an index composed exclusively of these long-dated government securities, offering investors a means to access a distinct segment of the U.S. Treasury market. With a weighted average maturity exceeding 25 years and an effective duration of around 16, the fund is designed to be sensitive to long-term interest rate movements, making it a useful tool for investors seeking to manage interest rate risk or to diversify their fixed income portfolios. The ETF operates under a passive management style, physically holding the underlying Treasury bonds and distributing interest income as dividends. It is commonly employed by institutional and individual participants who require liquidity and efficient access to long-term U.S. government debt, and plays a significant role in the broader bond market as a benchmark for long-duration fixed income performance.