GOVT

iShares U.S. Treasury Bond ETF (GOVT) is an exchange-traded fund designed to track the performance of U.S. Treasury securities across multiple maturities, providing broad exposure to the U.S. sovereign debt market. The ETF is managed by BlackRock through the iShares platform and trades under the ticker GOVT on NYSE Arca.

Classified as a fixed-income ETF providing broad exposure to U.S. Treasury securities, GOVT seeks to reflect, before fees and expenses, the aggregated performance of the assets included in the ICE U.S. Treasury Core Bond Index.

The fund follows a passive management strategy, maintaining a portfolio structured to replicate the composition and weighting of its benchmark index.

The benchmark includes U.S. Treasury securities across multiple maturities along the American yield curve. Constituents are weighted by market capitalization and undergo periodic reviews and rebalancing as new securities are issued and existing bonds mature.

Composition / Exposure profile

GOVT provides exposure to the U.S. Treasury market through U.S. federal government securities.

The ETF’s economic exposure is primarily associated with:

• U.S. sovereign debt
• The U.S. interest-rate curve
• Federal government securities
• Multiple fixed-income durations
• The Treasury market

The ETF’s behavior is sensitive to Federal Reserve monetary-policy decisions, inflation expectations, and fluctuations in U.S. interest rates.

Structure and costs

GOVT shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. GOVT may distribute income derived from interest payments on securities held in the portfolio.

History and evolution of the ETF

The iShares U.S. Treasury Bond ETF was launched in 2012, during a period of expansion in fixed-income ETFs tied to the U.S. Treasury market. Since inception, the fund has reflected movements associated with U.S. interest rates, Federal Reserve monetary policy, and fluctuations across the U.S. sovereign debt market.

In recent years, GOVT has reflected monetary tightening and easing cycles, changes in inflation expectations, and fluctuations along the U.S. yield curve.

Additional Information

iShares U.S. Treasury Bond ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $41.67 Billions.

Over the past 12 months, iShares U.S. Treasury Bond ETF recorded a return of 3.67%, with its price trading between $22.51 and $23.37 during the same period.

The ETF is traded under the ticker GOVT.