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This fixed-income exchange-traded fund (ETF) matures in December 2028, at which point it will payout its net asset value (NAV) and be closed afterwards.It's part of a suite of bond funds offered by iShares. They each hold a diversified portfolio of bonds with similar maturity dates - in this case, corporate bonds that all mature during the year 2028. These bond funds trade like stocks, but mature and payout like bonds. This ETF aims to track the performance of the Bloomberg MSCI December 2028 Maturity USD Corporate ESG Screened index. Income is reinvested into the fund.
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