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Launched

iShares iBonds Dec 2045 Term Treasury ETF

IBGBNasdaqiSharesC

$23.02−0.28 (−1.19%)

As of Nov 10, 2026, 11:06 AM ET

C43/ 100

Rank 18 of 31 in Defined-Maturity Treasury

C43/100Rank 18 of 31inDefined-Maturity Treasury
Intraday session: down, 20 prints from 23.30 to 23.02. Range 23.02 to 23.07. Use the arrow keys to read each point.23.1023.1523.2023.2510 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$13M
1Y total return
−2.9%
Yield · Last 12 months
4.76%
Holdings
9
Avg volume · 30D
4.74K sh
52W range
low $22.08high $25.55
Launched

The ETF.net IBGB Grade

C

Score 43 out of 100

Category
Defined-Maturity Treasury⁠
Rank
18 of 31
Six-pillar profile for IBGB. Scores out of 100: Cost 65, Risk 32, Mission 20, Tradability 47, Holdings 37, Durability 61. Strongest: Cost (65). Weakest: Mission (20). Leans toward Cost and Durability.

Score 43 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B65 out of 100
    Rank 1 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F20 out of 100
    Rank 14 of 23

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D32 out of 100
    Rank 23 of 29

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C47 out of 100
    Rank 17 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D37 out of 100
    Rank 23 of 31

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 12 of 31

Our read on IBGB

ETF.net Research

In short

CThe far end of the iBonds ladder: one ticker for Treasuries maturing in 2045, with a defined term date instead of an open-ended bond fund. Costs 0.07% a year and pays monthly.

Stated mandate

The fund seeks to track an index of U.S. Treasury bonds maturing in 2045 and is designed to provide income and stability, support bond-ladder construction, and manage interest-rate risk through a defined maturity.

Why people hold it

  • At 0.07%, it undercuts the typical target-maturity bond fund, where the cohort median sits at 0.10%.ishares.com
  • One ticker covers a single year's worth of Treasury maturities, so a 2045 rung slots into a bond ladder without hand-picking individual bonds.ishares.com
  • Tracks an index of US Treasury bonds, so there is no corporate credit to underwrite. Distributions are paid monthly.ishares.com
  • Stands in the upper half of a crowded target-maturity peer group, and tracks its stated index closely.

Worth knowing

  • A 2045 maturity means long duration: prices can swing hard with interest rates in the years before the term date.
  • Launched in 2025 and still small and thinly traded, so spreads can run wider than on the ladder's short, heavily traded rungs like IBTJ.
  • All Treasury, no corporates: the flip side of skipping credit risk is skipping credit spreads that corporate rungs (IBDU, BSCT) carry.

IBGB Performance

Launched Mar 25, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
IBGB$9,708
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. IBGB $9,708. SPY $11,339. Use the arrow keys to read each point.$9,000$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for IBGB. Periods over one year show the average yearly return.
PeriodIBGB
Year to date−1.8%
1 month+4.9%
3 months+0.2%
1 year−2.9%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for IBGB
YearReturn barIBGB
2026 YTD−1.8%
2025+2.7%

History from Mar 26, 2025

IBGB in the news

IBGB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
4.76%Last 12 months
Payout per share
$1.11Last 12 months
Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 19 payments from 2025 to 2026 YTD. May 1, 2025 $0.11; Jun 2, 2025 $0.10; Jul 1, 2025 $0.09; Aug 1, 2025 $0.10; Sep 2, 2025 $0.09; Oct 1, 2025 $0.10; Nov 3, 2025 $0.09; Dec 1, 2025 $0.09; Dec 19, 2025 $0.10; Feb 2, 2026 $0.08; Mar 2, 2026 $0.09; Apr 1, 2026 $0.10; May 1, 2026 $0.10; Jun 1, 2026 $0.09; Jul 1, 2026 $0.09; Aug 3, 2026 $0.10; Sep 1, 2026 $0.10; Oct 1, 2026 $0.09; Nov 2, 2026 $0.08. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Nov 5, 2026$0.08
Oct 1, 2026Oct 6, 2026$0.09
Sep 1, 2026Sep 4, 2026$0.10
Aug 3, 2026Aug 6, 2026$0.10
Jul 1, 2026Jul 7, 2026$0.09
Jun 1, 2026Jun 4, 2026$0.09
May 1, 2026May 6, 2026$0.10
Apr 1, 2026Apr 7, 2026$0.10
Mar 2, 2026Mar 5, 2026$0.09
Feb 2, 2026Feb 5, 2026$0.08
Dec 19, 2025Dec 24, 2025$0.10
Dec 1, 2025Dec 4, 2025$0.09

See all 19 payments⁠

$10,000 in IBGB 1 year ago paid $439 in dividends.⁠

IBGB Risk

Risk pillarD32 out of 100Rank 23 of 29 in Defined-Maturity Treasury
How much the fund’s monthly returns vary, scaled to a year.
9.0%
Annualised · 19 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.37
vs 3-month T-bills · 19 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−10.8%
19 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.09
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

IBGB Cost

Tied cheapest in Defined-Maturity Treasury

$1,480

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IBGB 0.07%

    $1,480

$10,000
30 years

Cost over time

  • IBGB 0.07%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K051015202530IBGB $1,480

Year by year

YearIBGB
10$128
20$503
30$1,480

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