What is TLH?

TLH tracks a market-weighted index of debt issued by the U.S. Treasury. Remaining maturity must be between 10 and 20 years.

PERFORMANCE [as of 03/27/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TLH 3.78% 4.50% 4.93% -11.99% -10.46% -0.80% 0.46%
TLH (NAV) 3.65% -2.19% 4.93% -19.32% -12.25% -1.14% 0.36%
ICE BofAML U.S. Treasury 10-20 Year Bond Index 3.66% 4.50% 4.24% -11.89% -10.31% -0.77% 0.51%
ICE BofA 15+ Year US Treasury Index 3.50% 4.56% 4.48% -14.38% -11.61% -0.28% 1.41%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TLH Factset Analytics Insight

TLH offers intentionally truncated exposure to the long end of the yield curve due to its 10-20 year maturity bracket. It aims to provide exposure to the long-term US government bond segment, however, the fund’s maturity mandate puts it at odds with our longer-term segment in a predictable way. TLH’s weighted average maturity is about half the normal average maturity of similar funds. Unsurprisingly, TLH has one of the lowest effective durations in the segment, so it's less sensitive to changes in interest rates. Its yield to maturity suffers from the lower duration. The securities are updated on the last business day of the month. On July 1, 2016, TLH began tracking the ICE U.S. Treasury 10-20 Year Bond Index. The change does not have a material impact on exposure or performance relative to the Barclays U.S. 10-20 Year Treasury Bond Index it tracked previously.

TLH Summary Data

Blackrock
01/05/07
0.15%
$8.05B
ICE BofAML U.S. Treasury 10-20 Year Bond Index
ICE BofA 15+ Year US Treasury Index
Open-Ended Fund

Peers

ICE BofA 15+ Year US Treasury Index

Fund Flows

-$0.12B 5 Days
+$0.15B 30 Days
+$2.03B 90 Days

TLH Portfolio Data

13.56
--
4.14%
N/A
--

TLH Index Data

ICE BofAML U.S. Treasury 10-20 Year Bond Index
Market Value
Market Value
ICE BofA 15+ Year US Treasury Index

TLH Portfolio Management

0.15%
-0.04%
0.97%
-1.14%

TLH Tax Exposures

20.00% / 39.60%
0.47%
Ordinary income
No

TLH Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/28/23

This measurement shows how easy it is to trade a $1 million USD block of TLH. TLH is rated a 5 out of 5.

TLH Tradability

824,215
$92.95M
476,413
$53.18M
0.07%
$0.07
0.12%
0.25% / -1.08%
None
100.00%
100,000
4.76
0.00%
--
161
$112.69
5

TLH Sector/Industry Breakdown

TLH Segment
Benchmark
99.17% --
0.83% --

TLH Top 10 Holdings

12.70%
11.53%
9.93%
8.51%
8.41%
6.71%
6.25%
6.17%
5.49%
5.17%
80.86%

TLH Performance Statistics

0.99
0.89
--
--
--

TLH Top 5 Countries

TLH Segment
Benchmark
100.00% --

TLH Top 5 Currencies

TLH Segment
Benchmark
100.00% --

TLH Avg Life Maturity Distribution

1.69%
--
--
--
1.34%
2.63%
0.07%
94.27%
--

TLH OAS Breakdown

100.00%
--
--
--
--
--
--
--
--
--
--

TLH Holdings Statistics

17.41 years
13.56
4.14%
13.44
--
--
0.05%