Not Logged In

TLTQ provides 1.75x leveraged exposure to the quarterly performance of TLT, an ETF composed of US Treasurys with remaining maturities of 20 years or more. The strategy involves entering into one or more swap agreements intended to produce leveraged investment results relative to the returns of TLT. Unlike traditional ETFs, TLTQ introduces added volatility due to its lack of diversification and use of leverage. Holdings are rebalanced every three months to maintain the 175% exposure. However, if TLTs price drops by 48% or more within this period, the fund will rebalance early to protect against further losses, although this may prevent it from meeting its target return for that quarter. To maximize results, the fund places its remaining cash in US government securities, money market funds, short-term bond ETFs, or high-quality corporate debt as collateral.