The iShares iBonds Dec 2031 Term Treasury ETF, managed by BlackRock Fund Advisors, is a fund that focuses on investing in U.S. treasury bonds. These bonds have a fixed coupon schedule and are in U.S. dollars, set to mature between January and December 2031. The fund aims to mirror the performance of the ICE 2031 Maturity US Treasury Index, employing a representative sampling strategy. Launched in July 2021, it offers investors a way to engage with fixed income markets in the United States.
A small category of bond funds terminates on a fixed date and hands cash back to investors, behaving nothing like a typical ETF, and right now three of them sit on a…
