iShares iBonds Dec 2055 Term Treasury ETF (IBGL)

The iShares iBonds Dec 2055 Term Treasury ETF (IBGL) is a target-maturity bond fund from BlackRock's iShares that holds U.S. Treasury bonds scheduled to mature in 2055.

The fund tracks an index of U.S. government Treasury securities maturing in its target year. Because its holdings are backed by the full faith and credit of the U.S. government, the main drivers of its price are changes in interest rates rather than credit risk. As the bonds mature during 2055, the fund is expected to wind down and distribute its assets to shareholders around December 2055.

The defined end date lets investors use the fund much like an individual Treasury bond held to maturity, or as one rung in a ladder of iBonds funds with different maturity years.