iShares 20+ Year Treasury Bond ETF - TLT

iShares 20+ Year Treasury Bond ETF is an exchange-traded fund that provides exposure to long-term U.S. government debt. The fund seeks to track an index composed of U.S. Treasury bonds with remaining maturities of more than twenty years, offering targeted access to the long-duration segment of the Treasury market. It invests primarily in fixed-rate U.S. Treasury securities, making it a pure play on U.S. sovereign credit with minimal credit risk. This ETF is used by market participants to express views on long-term interest rates, manage duration in fixed income portfolios, and as a tool for hedging or adjusting macroeconomic exposure. With its focus on long-maturity Treasuries, iShares 20+ Year Treasury Bond ETF is often incorporated into asset allocation strategies that emphasize interest rate sensitivity, liability matching, or diversification away from riskier asset classes.