iShares 25+ Year Treasury STRIPS Bond ETF
GOVZ
Chicago Board Options Exchange- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Sep 25, 2020
- Website
- ishares.com
- Similar Companies
- Business
- iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) is an exchange-traded fund that seeks to track the investment results of the ICE BofA Long US Treasury Principal STRIPS Index, composed of principal payments from U.S. Treasury bonds with remaining maturities of at least 25 years. The fund primarily invests in long-maturity Separate Trading of Registered Interest and Principal Securities (STRIPS) issued by the United States Treasury, holding approximately 24 such zero-coupon securities representing the final principal payments of U.S. Treasury bonds; it employs a representative sampling technique to replicate the index's performance. Managed by BlackRock Fund Advisors under the iShares brand of BlackRock, Inc., the ETF offers investors exposure to high-duration, investment-grade fixed income with no credit risk, monthly distributions, an expense ratio of 0.10%, and assets under management of approximately $300 million. Launched on September 22, 2020, and domiciled in the United States with operations focused on U.S. markets, GOVZ serves institutional and retail investors targeting long-term Treasury securities for duration plays or interest rate sensitivity. The fund trades on major U.S. exchanges and provides a dividend yield around 4.8-5.1%, paid monthly, with holdings nearly 100% allocated to U.S. Treasury STRIPS. In recent developments, the fund has maintained its core strategy amid market volatility, with no major acquisitions, partnerships, or structural changes reported in 2024 or 2025; portfolio management saw the addition of Jonathan Graves and Marcus Tom effective August 1, 2025, alongside James Mauro. Ongoing monthly dividend declarations continued through 2025, including payments of $0.0388 in August, $0.03838 in July, and similar amounts earlier in the year, reflecting stable income generation despite total returns impacted by rising rates, such as -15.74% in 2024. The ETF operates within BlackRock's broader iShares platform, without notable subsidiaries or parent reorganizations specific to GOVZ in the last 1-2 years.