Overview
The most rate-sensitive fund in the ETF market — 25+ year zero-coupon Treasury STRIPS, pure duration with no coupons to soften the ride.
Top Holdings
| Ticker | Holding | Weight |
|---|
Fund Details
Investment Thesis
Maximum convexity: when long rates finally break from 24-year highs, nothing listed rallies harder than zeros — and nothing falls harder if they don't, as -15% shows. This is the instrument for a conviction rate call, not a bond allocation.
Who It's For
Rate speculators and crisis hedgers who want the biggest possible payoff per basis point of falling yields.
10-Year History
Annual Closing Price
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | $121.42 | -- |
| 2018 | $112.49 | -7.4% |
| 2019 | $133.33 | +18.5% |
| 2020 | $163.44 | +22.6% |
| 2021 | $152.28 | -6.8% |
| 2022 | $87.32 | -42.7% |
| 2023 | $85.33 | -2.3% |
| 2024 | $68.62 | -19.6% |
| 2025 | $64.25 | -6.4% |
Annual Dividend Yield
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | -- |
| 2020 | -- |
| 2021 | 0.83% |
| 2022 | 2.76% |
| 2023 | 3.52% |
| 2024 | 4.58% |
| 2025 | 4.96% |
Annual AUM
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | -- | -- |
| 2021 | -- | -- |
| 2022 | -- | -- |
| 2023 | -- | -- |
| 2024 | -- | -- |
| 2025 | $1.7B | -- |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
Related Bonds & Treasuries ETFs
Markets. Intelligence. Daily.
Full briefs on 400+ ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →