iShares iBonds Dec 2045 Term Treasury ETF
$22.84−0.37 (−1.60%)
- Expense ratio
- 0.07%
- Fund size
- $9M
- 1Y return
- −2.5%
- Yield · Last 12 months
- 4.83%
- Holdings
- 8
- Volume · 30D
- 0M sh
- NAV per share
- $23.20
- 52W range
The ETF.net IBGB Grade
Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 67Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 20Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 34Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 44Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 36Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 64Category rank
Our read on IBGB
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.
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 Holdings
- Bonds
- 8
- 100%
- TREASURY BOND 5.00% 05/15/2045
Geography
- United States100.00%
IBGB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | IBGB |
|---|---|
| Year to date | −3.0% |
| 1 month | −0.5% |
| 3 months | −3.2% |
| 1 year | −2.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IBGB |
|---|---|---|
| 2026 YTD | −3.0% | |
| 2025 | +2.7% |
IBGB in the news
ETF.net Research hasn’t filed on IBGB yet — coverage lands here as it’s written.
IBGB Dividends
- 4.83%
- $1.12
- $0.10 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.10 |
| Aug 3, 2026 | Aug 6, 2026 | $0.10 |
| Jul 1, 2026 | Jul 7, 2026 | $0.09 |
| Jun 1, 2026 | Jun 4, 2026 | $0.09 |
| May 1, 2026 | May 6, 2026 | $0.10 |
| Apr 1, 2026 | Apr 7, 2026 | $0.10 |
| Mar 2, 2026 | Mar 5, 2026 | $0.09 |
| Feb 2, 2026 | Feb 5, 2026 | $0.08 |
| Dec 19, 2025 | Dec 24, 2025 | $0.10 |
| Dec 1, 2025 | Dec 4, 2025 | $0.09 |
| Nov 3, 2025 | Nov 6, 2025 | $0.09 |
| Oct 1, 2025 | Oct 6, 2025 | $0.10 |
IBGB Risk
- 7.6%
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.
- −0.43
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.
- −8.1%
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.
- 0.09
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IBGB Cost
- The middle half of Defined-Maturity Treasury funds
- Median 0.07%
No Defined-Maturity Treasury fund charges less.