ETF Evaluator: iShares 7-10 Year Treasury Bond ETF () Follow This ETF

iShares 7-10 Year Treasury Bond ETF Overview

iShares 7-10 Year Treasury Bond ETF (IEF) is a passively managed Taxable Bond Long Government exchange-traded fund (ETF). iShares launched the ETF in 2002.

The investment seeks to track the investment results of the ICE® U.S. Treasury 7-10 Year Bond 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 $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve System (the “Fed”). The fund will invest at least 80% of its assets in the component securities of the underlying index, and the fund will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the fund track the underlying index.

About iShares 7-10 Year Treasury Bond ETF (IEF)

There are 3 members of the management team with an average tenure of 5.70 years: James Mauro (2011), Jonathan Graves (2025) and Marcus Tom (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: ICE BofA US Broad Market TR USD index with a weighting of 100% and ICE U.S. Treasury 7-10 Year Bond TR USD index with a weighting of 100%. iShares 7-10 Year Treasury Bond ETF has 15 securities in its portfolio. The top 10 holdings constitute 85.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

iShares 7-10 Year Treasury Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. iShares 7-10 Year Treasury Bond ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.7% (99.7% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares 7-10 Year Treasury Bond ETF has 0.3% of the portfolio in cash.

Assets Under Management

The fund has $47 billion in total assets, which is above the $4 billion average for the Long Government category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

IEF Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares 7-10 Year Treasury Bond ETF expense ratio is low compared to funds in the Long Government category. iShares 7-10 Year Treasury Bond ETF has an expense ratio of 0.15%, which is 35% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares 7-10 Year Treasury Bond ETF has a portfolio turnover rate of 53%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 60% for the Long Government category.

Recently, in the month of July 2026, iShares 7-10 Year Treasury Bond ETF returned -1.4%, which earned it a grade of A, as the Long Government category had an average return of -4.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

iShares 7-10 Year Treasury Bond ETF has a trailing yield of 3.96%, which is below the 5.37% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

iShares 7-10 Year Treasury Bond ETF Grades

Year to date, the ETF has returned -1.4%, 1.8 percentage points better than the category, which translates into a grade of A. The fund has returned 1.7% over the past year (grade of A), 2.7% over the past three years (grade of A) and -1.8% per year over the past five years (grade of A) and 0.3% per year over the past 10 years (grade of A).

For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about iShares 7-10 Year Treasury Bond ETF, including its riskiness, submit your email to unlock the rest of the article.