The iShares $ Treasury Bond 7-10yr UCITS ETF USD (Acc) (CBU0) is an Ireland-domiciled fixed-income ETF managed by BlackRock and traded in U.S. dollars on the London Stock Exchange.

The fund seeks to track the ICE U.S. Treasury 7-10 Year Bond Index, a benchmark composed of U.S. dollar-denominated Treasury securities with maturities concentrated between seven and ten years.

CBU0 provides targeted exposure to the intermediate portion of the U.S. Treasury yield curve. The fund follows a passive investment strategy and uses physical sampling, holding a selection of Treasury securities designed to closely track its benchmark. It operates under the UCITS framework and follows an accumulating income policy.

The ICE U.S. Treasury 7-10 Year Bond Index tracks securities issued by the U.S. Treasury within its specified maturity range. Its performance is therefore closely linked to changes in the prices and yields of intermediate- to longer-term U.S. Treasuries, particularly movements in U.S. interest rates.

Composition / Exposure Profile

CBU0 is concentrated in U.S. Treasury securities, without the geographic or issuer diversification found in broader global fixed-income benchmarks.

Its exposure can be summarized as:

• U.S. Treasury securities.

• U.S. dollar-denominated bonds.

• Maturities concentrated between seven and ten years.

• Direct exposure to the U.S. sovereign debt market.

Because the fund invests in intermediate-maturity Treasuries, it is sensitive to changes in interest rates. When Treasury yields rise, bond prices generally decline, while falling yields typically support bond prices. The magnitude of these movements also depends on the portfolio's duration.

The fund does not seek exposure to corporate bonds, emerging-market debt, or sovereign bonds issued by other countries. Its strategy is specifically designed to track the seven-to-ten-year segment of the U.S. Treasury market.

Structure and Costs

CBU0 has the U.S. dollar as its fund base currency and trades in USD on the London Stock Exchange under the ticker CBU0. The same fund has additional international listings, including SXRM on Deutsche Börse Xetra.

The ETF has a total expense ratio (TER) of 0.07% per year, uses a physical structure with a sampling methodology, and is domiciled in Ireland under the UCITS framework. It is part of iShares VII plc and is managed by BlackRock Asset Management Ireland Limited.

CBU0 is an accumulating share class, meaning coupons and other income generated by portfolio securities are reinvested within the fund rather than distributed periodically to shareholders.

History and Evolution of the ETF

The iShares $ Treasury Bond 7-10yr UCITS ETF USD (Acc) (CBU0) was launched in 2009 to provide exposure to the seven-to-ten-year segment of the U.S. Treasury market. Since its launch, the fund has maintained a passive strategy linked to the ICE U.S. Treasury 7-10 Year Bond Index, tracking U.S. government securities within this maturity range.

Throughout its history, the fund's performance has primarily reflected changes in U.S. interest rates, inflation expectations, Federal Reserve monetary policy decisions, and economic conditions affecting Treasury yields.

Additional Information

iShares $ Treasury Bond 7-10yr UCITS ETF USD Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $4.94 billion.

Over the past 12 months, iShares $ Treasury Bond 7-10yr UCITS ETF USD Acc recorded a return of -3.87%, with its price trading between $147.37 and $157.92 during the same period.

The ETF is traded under the ticker CBU0.