![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
æè³ã®åºæ¬ã¯åæ£æè³ã§ãã
æ ªåŒãåµåžã貎éå±ãçŸéãäžåç£ãªã©ã«åæ£ããŸãããã
![ãããã](https://okanenokarute.com/wp-content/uploads/2021/06/ad7902a1a0ed49f70aa6728f56b766cf.jpg)
åµåžæè³ãšèšã£ãŠãäœã«æè³ããã°ããã®ãã»ã»ã»
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
åµåžã®äžã§ãã¡ãžã£ãŒãªã®ã¯ç±³åœåµã§ããã
![ãããã](https://okanenokarute.com/wp-content/uploads/2021/06/ad7902a1a0ed49f70aa6728f56b766cf.jpg)
ããŒãã
ç±³åœåµã ãã§ãè²ã
ãã£ãŠããããããŸããŒãã
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
åµåžã«ã€ããŠã¯ããããã¯ç±³åœåµã®ETFã§ããTLTãäžå¿ã«æè³ããŠããŸãã
ãã ãTLTã¯ããããETFã ãšæããŸãããåç¬ã§ã¯é«ãªã¹ã¯ãªã®ã§æ³šæãå¿ èŠã§ãã
![ãããã](https://okanenokarute.com/wp-content/uploads/2021/06/ad7902a1a0ed49f70aa6728f56b766cf.jpg)
詳ããæããŠãã ããïŒ
æè¿ã¯ãå€åœã®æ ªåŒåžå Žã§è³ç£éçšããæ¹ãéåžžã«å€ããªã£ãŠããŸãããããè³ç£éçšãå§ããã°ããã®é ã¯ãäœã«æè³ããã°ããã®ãèŠåœãã€ããªãããšããããŸãã
è³ç£éçšã§ã¯æ ªã»åµåžã»éãªã©ã«åæ£æè³ããã®ãåºæ¬ãšããããšã¯ãã¿ãªãããèããããšãããã§ãããããšã¯ãããã©ã®åµæš©ã«æè³ããã®ããéžã¶ã®ã¯ãã¯ãé£ãããã®ã§ãã
ããã§ã¯ç±³åœåœåµã«ç¹åããETFã§ããTLTã«ã€ããŠè§£èª¬ããŸãããã®ç¹åŸŽãèžãŸããŠããããã®TLT掻çšæ³ã玹ä»ããŸãã
TLTã®5ã€ã®ç¹åŸŽ
ãããããTLTãšã¯äœã§ãããããåããªãæ¹ã®ããã«ç°¡åã«è§£èª¬ããŸããTLTã®ç¹åŸŽã¯ããã«ä»¥äžã®5ã€ã§ãã
- æ®åæé20å¹Žè¶ ã®ç±³åœåœåµã«é£åããETF
- åœåµã®ETFãšããŠã¯æ¯èŒçãªã¿ãŒã³ã倧ãã
- åœåµã®ETFãšããŠã¯ãªã¹ã¯ã倧ãã
- TLTäŸ¡æ Œã¯éå©ãšéçžé¢ãã
- TLTã¯æ ªåŒãšçµã¿åãããã®ãåºæ¬
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
ãããã¯TLTãSBI蚌åžã§è³Œå ¥ããŠããŸãã
TLTã¯20å¹Žè¶ ã®ç±³åœé·æåœåµã«é£å
ãTLTã¯ãã©ãã¯ããã¯ç€Ÿã®éçšããETFïŒäžå Žæè³ä¿¡èšïŒã®ã²ãšã€ã§ããTLTã¯æ®åæé20å¹Žè¶ ã®ç±³åœé·æåœåµã«é£åããETFã«ãªããŸãã
ãåµåžã®ETFã¯ãããããããŸãããTLTã¯ç±³åœã®é·æåœåµã«ç¹åããååã«ãªããŸãã
åœåµã®ETFãšããŠã¯æ¯èŒçãªã¿ãŒã³ã倧ãã
ããã©ãã¯ããã¯ç€Ÿã®ããŒã ããŒãžã«ãããšTLTã®ããŒã¿ã«ãªã¿ãŒã³ïŒå¹ŽçïŒã¯3幎ã§9.9ïŒ ã5幎7.94ïŒ ã10幎ã§8.10%ã«ããªããŸãïŒ2020/12/31æç¹ïŒã
ããã³ã¬ãŒãã®éçšããé·æåµåžïŒåœåµä»¥å€ãå«ãïŒã®ETFã§ããBNDã®ãªã¿ãŒã³ïŒ3幎ã§5.7ïŒ ã5幎ã§3.8ïŒ ã10幎ã§4.3ïŒ ïŒ2021/1/31æç¹ïŒïŒãšæ¯èŒããŠãåªç§ã§ãã
ããã®ããã«ãåœåµãžã®æè³ã§ãããªãããæ¯èŒç倧ããªãªã¿ãŒã³ãæããã®ãTLTã®ç¹åŸŽã§ããïŒãã ããããŒã¿ã«ãªã¿ãŒã³ã¯çšåŒååé éãåæè³ãããã®ãšããŠç®åºãããŠããŸããïŒ
åœåµã®ETFãšããŠã¯ãªã¹ã¯ã倧ãã
ãåµæš©ãšãããšãäŸ¡æ Œå€åãå°ãªãå®å®ããŠããã®ãæ®éã§ãããããTLTã¯æ¿ããå€åããç¹åŸŽã§ãããããŠTLTã¯éå©ã«å€§ããªåœ±é¿ãåããŸãã
ãäžã®ã°ã©ãã¯æ°Žè²ãTLTããªã¬ã³ãžãBNDïŒç±³åœããŒã¿ã«åµåžåžå ŽETFïŒã®äŸ¡æ Œæšç§»ã瀺ããŠããŸãã
ãBNDã¯åµæš©ãããå€åãã®å°ãªãïŒå®å®æãç¹åŸŽã§ããBNDã«æ¯ã¹ãTLTã¯äŸ¡æ Œå€åã®å€§ãããéç«ã¡ãŸãã
![TLTãšBNDã®æ¯èŒ](https://okanenokarute.com/wp-content/uploads/2021/02/5a3028c8d3043f72965cae30d838072e-1024x480.jpg)
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
ãåäœã§èãããšTLTã¯åµæš©ã®ETFãšããŠã¯ãã€ãªã¹ã¯ã§ããªã¿ãŒã³ã¯ãããªããªååã§ãã
![ãããã](https://okanenokarute.com/wp-content/uploads/2021/06/ad7902a1a0ed49f70aa6728f56b766cf.jpg)
åœåµãªã®ã«ãã€ãªã¹ã¯ãªãã§ããïŒ
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
çæåœåµã¯ããŒãªã¹ã¯ãé·æåœåµã¯ãã€ãªã¹ã¯ãšèããã®ãäžè¬çã§ãã
TLTäŸ¡æ Œã¯éå©ãšéçžé¢ãã
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
TLTã®äŸ¡æ Œã¯éå©ã«åœ±é¿ãããŸãã
![ãããã](https://okanenokarute.com/wp-content/uploads/2021/06/ad7902a1a0ed49f70aa6728f56b766cf.jpg)
å ·äœçã«ã¯ãã©ã®ããã«åœ±é¿ããããã§ããïŒ
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
éå©ãäžãããšTLTïŒãåµæš©ïŒã®äŸ¡æ Œã¯äžæããŸã
![ãããã](https://okanenokarute.com/wp-content/uploads/2021/06/ad7902a1a0ed49f70aa6728f56b766cf.jpg)
éã«ãéå©ãäžãããšTLTïŒãåµåžïŒã®äŸ¡æ Œã¯äœäžããããã§ããã
ç°¡åã«èšããšãéå©ãäžæãããšTLTäŸ¡æ Œãäœäžããéå©ãäœäžãããšTLTäŸ¡æ ŒãäžæããŸããããã¯TLTã«éããåµåžå šè¬ã«èšããããšã§ããç°¡åã«èª¬æããŸãã
ã1幎åŸã«åéããããé¡é¢ãïŒ100ã®åµæš©ããã£ããšããŸããã€ãŸã1幎åŸã«$100ã«ãªãåµåžã§ããçŸåšã®å£²è²·äŸ¡æ Œã¯ãããã§ããããïŒ
ãéå©ãïŒïŒïŒ /幎ã®å ŽåãçŸåšã®äŸ¡å€ã¯çŽïŒ90.9ã§ãããªããªãïŒ90.9ã«10ïŒ ã®å©æ¯ïŒïŒ9.09ïŒãä»ããšçŽïŒ100ïŒïŒ99.99ïŒã«ãªãããã§ãã
ãéå©ãïŒïŒ ã ãšãçŸåšã®äŸ¡å€ã¯çŽïŒ99ã§ãããªããªãïŒ99ã«1ïŒ ã®å©æ¯ïŒïŒ0.99ïŒãä»ããšçŽïŒ100ïŒïŒ99.99ïŒã«ãªãããã§ãã
ãå®éã®ãã£ãŒããèŠãŠã¿ãŸããããæ°Žè²ãTLTããªã¬ã³ãžã10幎åµå©åãã§ããå©åããšTLTã®äŸ¡æ Œãå šãéã®åããããŠããããšã¯äžç®çç¶ã§ãã
![TLTäŸ¡æ Œãš10幎å©åã](https://okanenokarute.com/wp-content/uploads/2021/02/c31e8aec84132bc7d57eacec27e49925-1024x480.jpg)
TLTã¯æ ªåŒãšçµã¿åãããã®ãåºæ¬
ãTLTã圹ç«ã€ã®ã¯æ ªåŒãšçµã¿ããããæã§ããäžå³ã®ããŠå¹³åæ ªäŸ¡ãšTLTã®æ ªäŸ¡ã®æšç§»ãã¿ãã°ãããŠå¹³åãäžèœããæã«TLTãäžæããŠããæ§åãããããŸãã
ãTLTã¯æ ªäŸ¡äžèœå±é¢ã«åŒ·ããããæ ªåŒæè³ãšçµã¿åãããããšã§ãå šäœãšããŠã®è³ç£ã®å®å®æ§ãåäžãããããšãã§ããŸãã
ãå®éã2020幎ã®ã³ããã·ã§ãã¯ã®éã«ã¯ãTLTã倧ããå€äžããããŠãæ ªåŒã®å«ã¿æãã«ããŒããŠãããŸããã
![](https://okanenokarute.com/wp-content/uploads/2021/02/04c1b6bff964c7b6b044c1719abde09d-1024x479.jpg)
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
TLTã®åŒ·ã¿ã¯ããã®ããã«æ ªäŸ¡ãšããçšåºŠã®éçžé¢ãã¿ãããããšã§ãã
![ãããã](https://okanenokarute.com/wp-content/uploads/2021/06/ad7902a1a0ed49f70aa6728f56b766cf.jpg)
ã§ã2020幎3æã«ã¯ãTLTãæ¥äžæåŸã«å²ãšæ¥éäžããŠããŸãããïŒ
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
å®éã«ç¬éçã«ã¯ãã®ã°ã©ã以äžã®æ¥èœãããŠãŸãã
ããŸãã«ãæ¥æ¿ãªå€åéããŠã°ã©ãã«åæ ããããŠããŸããã
ç¬éçã«ã¯TLTã§ãã10ïŒ
ã»ã©å«ã¿æã«ãªããŸããã
![ãããã](https://okanenokarute.com/wp-content/uploads/2021/06/ad7902a1a0ed49f70aa6728f56b766cf.jpg)
æ ªäŸ¡äžèœã«ããé
ããŠTLTãïŒæŽéš°åŸã«ïŒäžç¬åèœãããã§ããïŒ
ã©ãããŠã§ããïŒ
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
å
ã®èŠéããªãã³ããã·ã§ãã¯åœæã§ã¯ãé·æåœåµã¯ãªã¹ã¯ãé«ããããšããå€æã§ãããã
çŸéåããããçæåœåµã«ä¹ãæããåãããã£ããšæããŸãã
![ãããã](https://okanenokarute.com/wp-content/uploads/2021/06/ad7902a1a0ed49f70aa6728f56b766cf.jpg)
TLTãšæ ªã®çµã¿åããã絶察å®å¿ã§ã¯ãªããšããããšã§ããã
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
ããã§ãã
åœåµãžã®æè³ãšããŠã¯é«ãªã¹ã¯ååã§ããããšãå¿ããŠã¯ãããŸããã
ãããã®TLT掻çšæ³
ããã§ã¯ããããã®TLTãäžå¿ãšããåµåžã»çŸéã®éçšæ³ãã玹ä»ããŸãã
ãããã®è³ç£éçšã¯åºæ¬çã«ã¯ç©ç«ãŠæè³ã§ããããã幎ã«1-2åã¯ãã©ã³ã¹èª¿æŽãè¡ãããšããããŸãããªããè³ç£éçšããŠããè³éã®40-50ïŒ ã¯çŸéãåµåžã«ããŠããŸãïŒãããŠ50ïŒ ååŸãæ ªåŒã5ïŒ ååŸãéã«æè³ïŒã
éå©ãé«ãæïŒTLTãå®ãâTLTç©ã¿å¢ã
ç±³åœåµïŒ10幎ç©ïŒã®å©åããé«ããšãã¯TLTäŸ¡æ Œã¯å²å®ãšãªã£ãŠãããããç©æ¥µçã«TLTãè²·ãå¢ãããŸããç§èªèº«ã¯ïŒïŒ 以äžãé«éå©ã®ç®å®ã«ããŠããŸãã
éå©ãé«ããã°ãå©æ¯ã ãã§ãããªãã®ãªã¿ãŒã³ãåŸãããŸãããŸãå°æ¥çã«éå©ãäœäžãããšTLTäŸ¡æ Œã¯äžæããããå«ã¿çãèšããããšãæåŸ ã§ããŸãã
ãŸããé åããèŠãŠBNDããTLTãžã®è³é移åãè¡ããŸãã
éå©ãäœãæïŒTLTãé«ãâBNDãªã©ãç©ã¿å¢ã
ç±³åœåµïŒ10幎ç©ïŒã®å©åããäœããä»åŸã®éå©äžæãèŠèŸŒãŸããå±é¢ã§ã¯TLTã®è³Œå ¥ã¯æ§ããŸãããã®æç¹ã§ã¯TLTæ ªäŸ¡ãå²é«ã§ããããå°æ¥çã«ã¯TLTäŸ¡æ Œãäžèœããå¯èœæ§ãé«ãããã§ãã
TLTãè³Œå ¥ãã代ããã«ããã®è³éã¯äŸ¡æ Œå€åã®å°ãªãBNDïŒç±³åœããŒã¿ã«åµåžåžå ŽETFïŒãMMFããããã¯çŸéãã®ãã®ã«æ¯ãåããŸããå²å®ãªæ ªåŒã«æ¯ãåããã®ãã¢ãªã§ãã
BNDã¯TLTã»ã©æ¿ããå€åããããªããããéå©äžæå±é¢ã§ãæ倱ãããªãæããããŸããMMFãæ Œä»ãé«ããçæã®åœåµãå°æ¹åµã瀟åµãªã©ã§éçšãããæè³ä¿¡èšã§ãå æ¬å²ãã®ãªã¹ã¯ãå°ããã§ãã
ãŸããé åããèŠãŠTLTããBNDãMMFãžã®è³é移åïŒãã©ã³ã¹èª¿æŽïŒãè¡ããŸãã
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
TLTãšBNDãã€ãã£ãåµåžã§ã®è³ç£éçšãå³ã«è¡šããšäžã®ããã«ãªããŸãã
![](https://okanenokarute.com/wp-content/uploads/2021/06/TLTandBND-2-1024x546.jpg)
TLTãå²å®ãªãTLTãè³Œå ¥ããTLTãå²é«ãªãBNDãè³Œå ¥ãããããã«TLTãšBNDã®éã§ã®è³é移åãçµã¿åãããã
BND以å€ã«çŸéãMMFãçµã¿åãããŠãããã
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
ããç©æ¥µçãªéçšãããæ¹ãªããé«éš°ããTLTããæŽèœããæ ªåŒã«è³éã移åããããšãããåŸãŸãã
ãã®èšäºã§ã¯åå¥ã®éæã«è§ŠããŠããŸãããæè³ã¯ãããŸã§ãèªå·±è²¬ä»»ã§ãé¡ãããŸãã
![è¿·èµ°ãã¯ã¿ãŒ](https://okanenokarute.com/wp-content/uploads/2020/12/cf4fcaa839a4b6e9edcf782ec50daf08.png)
ãããã¯TLTãSBI蚌åžã§éçšããŠããŸããèå³ãããæ¹ã¯äžã®ãããŒããã©ããã
ãã®èšäºã¯ããããã®å人çãªæè³æ¹éã解説ãããã®ã§ãããããŸã§ãæè³ã¯èªå·±è²¬ä»»ã§ãé¡ãããŸãã
é¢é£èšäº
ã³ã¡ã³ã