iShares iBonds Dec 2029 Term Treasury ETF (29IT)

Overview

This fund is dedicated to investments in U.S. Treasury securities, with a strategic focus on those scheduled to mature between January 1, 2029, and December 15, 2029. It aims to track the performance of its underlying index by allocating at least 80% of its assets to the component securities of the said index. Furthermore, to bolster its correlation with the underlying index, the fund commits to investing a minimum of 90% of its assets in U.S. Treasury securities. Managed by BlackRock Fund Advisors (BFA), this investment approach is designed to provide investors with a targeted exposure to U.S. Treasury securities maturing within the specified date range, thereby offering a precise investment horizon.

Products and Services

This fund offers a focused investment product designed for investors looking for exposure to U.S. Treasury securities with specific maturity periods. Below are the key components of its investment approach:

• Component Securities Investment: The fund prioritizes investment in the component securities of its underlying index, ensuring at least 80% of its assets are allocated in such a manner. This strategy is central to the fund's objective of closely tracking the performance of the underlying index, providing a transparent and focused investment opportunity in U.S. Treasury securities.
• U.S. Treasury Securities Investment: With a commitment to invest at least 90% of its assets in U.S. Treasury securities, the fund seeks to maintain a high degree of correlation with its underlying index. This investment discipline emphasizes the fund's focus on government securities that BFA believes will support the objective of tracking the underlying index which consists of U.S. Treasury securities scheduled to mature within a specific ten-year window.