iShares iBonds Dec 2027 Term USD Corporate UCITS ETF USD (Acc) (ID27)

The iShares iBonds Dec 2027 Term USD Corporate UCITS ETF USD (Acc) is an exchange-traded fund that tracks the Bloomberg MSCI December 2027 Maturity USD Corporate ESG Screened index, providing targeted exposure to a portfolio of U.S. dollar-denominated investment-grade corporate bonds maturing in December 2027. Launched on September 6, 2023, and domiciled in Ireland, this accumulating ETF reinvests income rather than distributing it, appealing to investors seeking long-term growth through compounded returns. With a low total expense ratio of 0.12% per annum and a fund size of approximately EUR 358 million, it offers cost-efficient access to high-quality fixed income securities screened for environmental, social, and governance (ESG) factors. The ETF employs a long-only, physical replication strategy focused on USD-denominated bonds from diverse corporate issuers across sectors, featuring currency unhedged exposure which introduces USD risk for non-USD investors. In the broader financial markets, it plays a key role in bond laddering strategies and target-date fixed income solutions, enabling precise duration management as bonds approach maturity, thereby supporting portfolio construction for defined-term horizons amid interest rate and credit environments.