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IEI Fund Description
The iShares 3-7 Year Treasury Bond ETF tracks a market weighted index of debt issued by the U.S. Treasury. Remaining maturity must be 3-7 years. Treasury STRIPS are excluded.
IEI FactSet Analytics Insight
IEI focuses on the middle of the US Treasury note market, holding mostly notes maturing between 3 to 7 years from now. IEI therefore ignores huge portions of our 1-10 year benchmark, especially at the shorter-dated end of the maturity spectrum. This pushes IEI’s yield up slightly, but also increases the fund’s sensitivity to interest rates, as the higher concentration of longer-dated notes in the portfolio will react more to changes in rates. In addition, IEI has a longer average maturity than our benchmark. Still, these attributes are perfectly consistent with its tailored exposure. Unlike some strategies targeting a specific maturity bucket, IEI does not hold STRIPS, meaning all of the notes in the portfolio will be paying out semiannual coupons over the life of the fund. The fund changed its index from the Barclays US Treasury Bond 3-7 Year Term Index to the ICE US Treasury 3-7 Year Bond Index on March 31, 2016. This change effectively maintains the same exposure.
IEI’s targeted approach is entirely valid as evidenced by its popularity. It’s is a massive, highly liquid choice for investors looking for its specific exposure. The fund charges a higher fee than some competitors, but its tight tracking and deep liquidity lend themselves to manageable all-in costs.
IEI MSCI ESG Fund metrics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of July 20, 2017 the iShares 3-7 Year Treasury Bond ETF MSCI ESG Fund Quality Score is 6.86 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. IEI ranks in the 49th percentile within its peer group and in the 91st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
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IEI Summary Data
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Related ETFs to IEI
IEI Portfolio Management
IEI Tax Exposures
IEI Fund Structure
IEI FactSet Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IEI. IEI is rated a 5 out of 5.