What Is IEI? iShares 3-7 Year Treasury Bond ETF

IEI is iShares 3-7 Year Treasury Bond ETF, an ETF that tracks an intermediate-dated US Treasury index at a 0.15% expense ratio. IEI holds intermediate-dated US Treasury, bundled into one ticker. It launched in 2007. It charges 0.15%. It distributes about 3.63%, and that payout moves with rates rather than being fixed.

IEI is issued by iShares and tracks an intermediate-dated US Treasury index, so a single ticker gives you the whole portfolio of underlying holdings weighted by the index's methodology rather than by any active stock-picking.

IEI does not hold a basket of individual stocks. It gets its exposure synthetically, through derivatives such as swaps and futures rather than by owning the underlying shares, so there is no conventional top-10 equity holdings list. See the description above for what IEI actually tracks and how that exposure is built.

There are three common ways to get IEI exposure. Buy shares (or fractional shares) of IEI directly at any major broker that lists it. Hold it as a core position and layer more concentrated ideas on top. Or build it into a thematic portfolio in Walnut, so IEI sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. IEI trades like a stock during market hours, so you buy it the same way you would any listed share.

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Whether IEI is a good buy depends less on any single call and more on your time horizon and what you already hold: it tracks an intermediate-dated US Treasury index, so the real question is whether you want that exposure in your mix and at what weight. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is IEI a buy?

IEI gives you an intermediate-dated US Treasury index exposure in one ticker at a 0.15% expense ratio. Most investors use it as a core holding and layer more concentrated thematic portfolios on top.

Whether IEI is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is IEI a buy?

IEI yields 3.63% as of August 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see IEI dividend: yield and schedule.

New to funds like IEI? Start with what an ETF is, then how to buy an ETF, or browse the full guide to ETF investing.