TLTW Dividend Yield

iShares 20+ Year Treasury Bond Buywrite Strategy ETF · Long Government · iShares · ETF · monthly payer

$20.99

As of Nov 8, 2026, TLTW (iShares 20+ Year Treasury Bond Buywrite Strategy ETF) yields 10.78%, paying $2.26 a share a year in monthly distributions at its $20.99 price. It costs 0.35% a year and manages $1.6B. Over the last 3 years it returned 5.5% a year with distributions reinvested, against 23.3% for the S&P 500.

Dividend yield

10.78%

Paid a Year

$2.26

Expense Ratio

0.35%

Assets

$1.6B

3-Yr Return

5.5%/yr

Frequency

Monthly

Key facts about TLTW

Data as of Nov 8, 2026 · Source: SmarterDividends data

As of Nov 8, 2026, TLTW yields 10.78% and pays about $2.26 a share a year, monthly.
TLTW paid $2.2630 a share in distributions over the 12 months to Nov 8, 2026, in 12 payments.
TLTW's expense ratio is 0.35% a year, or $35.00 on $10,000.
TLTW is an ETF from iShares with $1.6B in assets, started Aug 18, 2022.
Since Aug 2022, TLTW's share price has fallen 46%, and even with every distribution reinvested it lost 2%.

Cite this page

SmarterDividends, "TLTW Dividend Yield, Expense Ratio and Total Return," updated Nov 8, 2026, https://smarterdividends.com/stocks/TLTW

What $10,000 in TLTW became

Change the dates →

From Aug 2022 to Oct 2026, month-end values

Payouts reinvested

$9,821

Payouts taken as cash

$9,568

$4,210 of it cash

S&P 500 (SPY)

$20,224

Since Aug 2022, TLTW's share price has fallen 46%, and even with every distribution reinvested it lost 2%. Its payouts didn't make up for the falling price, the clearest form of NAV erosion.

TLTW total return

A year, through Oct 2026. Total return counts every payout, reinvested; price return doesn't.

Period	Total return	Price return	S&P 500
1 year	−1.4%	−11.4%	+12.0%
3 years	+5.5%	−8.1%	+23.3%
Since Aug 2022	−0.4%	−13.9%	+18.4%

TLTW distributions

Every payment →

Paid per share, by year

Ex-date	Paid	Per share	vs a year earlier
Nov 3, 2026	Nov 6, 2026	$0.2540	−32.8%
Oct 2, 2026	Oct 7, 2026	$0.2890	+99.3%
Sep 2, 2026	Sep 8, 2026	$0.1310	−39.9%
Aug 4, 2026	Aug 7, 2026	$0.1520	−34.2%
Jul 2, 2026	Jul 8, 2026	$0.1350	−57.0%
Jun 2, 2026	Jun 5, 2026	$0.2170	−48.2%
May 4, 2026	May 7, 2026	$0.1210	−67.7%
Apr 2, 2026	Apr 8, 2026	$0.2110	−18.2%
Mar 3, 2026	Mar 6, 2026	$0.2040	−21.2%
Feb 3, 2026	Feb 6, 2026	$0.1740	−55.2%
Dec 23, 2025	Dec 29, 2025	$0.1870	−68.5%
Dec 2, 2025	Dec 5, 2025	$0.1880	−43.2%

What TLTW holds

Top ten holdings and sector weights as the fund reports them.

TLT iShares 20+ Year Treasury Bond ETF100.5%
XTSLA BlackRock Cash Funds Treasury SL Agency0.2%

Compare TLTW

TLTW vs TLT TLTW vs IEF TLTW vs VGLT

TLTW questions

What is TLTW's dividend yield?

As of Nov 8, 2026, TLTW yields 10.78%. Over the last 12 months it paid $2.2630 a share in 12 payments, against a $20.99 share price.

How often does TLTW pay dividends?

TLTW pays monthly, 12 times a year.

How much does 100 shares of TLTW pay?

At about $2.2630 a share a year, 100 shares of TLTW pay about $226.30 a year, $18.86 each month, before tax.

What is TLTW's expense ratio?

TLTW's expense ratio is 0.35% a year: $35.00 on every $10,000 invested, taken from the fund's assets rather than billed to you.

What is TLTW's total return?

In the year to Oct 2026, TLTW returned -1.4% a year with distributions reinvested, of which -11.4% a year came from the share price. The S&P 500 returned 12.0% a year.

Does TLTW have NAV erosion?

Since Aug 2022, TLTW's share price has fallen 46%, and even with every distribution reinvested it lost 2%. Its payouts didn't make up for the falling price, the clearest form of NAV erosion.

Fund facts

Type: ETF
Issuer: iShares
Category: Long Government
Started: Aug 18, 2022
Expense ratio: 0.35%
Assets: $1.6B
Dividend yield: 10.78%
Paid in the last year: $2.2630 (12 payments)
Last payment: $0.2540 · ex Nov 3, 2026
Beta (3 years): 1.62

Income Calculator

At $2.26 / yr per share

Shares owned

Per payment (monthly)$18.86

Annual$226.30

Monthly avg$18.86

Full TLTW dividend calculator →

TLTW total return calculatorAny start year, with or without reinvesting TLTW dividend calculator100 shares pay $226.30 a year, $18.86 each month

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Fund facts from the fund's own reports via Yahoo Finance; payments and returns from SmarterDividends records. For information only, not investment advice.