iShares 7-10 Year Treasury Bond ETF (IEF) Stock Price, Quote, News & History | Benzinga

The Fund seeks to track the investment results of the ICE U.S. Treasury 7-10 Year Bond Index (the Underlying Index), which measures the performance of public obligations of the U.S. Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years. As of February 29, 2024, there were 12 issues in the Underlying Index. The Underlying Index consists of publicly issued U.S. Treasury securities that have a remaining maturity of greater than or equal to seven years and less than ten years and have dollar 300 million or more of outstanding face value, excluding amounts held by the Federal Reserve System (the Fed). In addition, the securities in the Underlying Index must be fixed rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is market value weighted, and the securities in the Underlying Index are updated on the last business day of each month.