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IBGC

GradeCNASDAQ Global Market

iShares iBonds Dec 2046 Term Treasury ETF

Target Maturity Bond · IShares · Inception 2026-03-24

$23.41−0.38 (−1.62%)

As of Sep 23, 2026, 2:59 PM EDT

History starts Mar 26, 2026.History starts Mar 26, 2026.History starts Mar 26, 2026.
Intraday session: down, 29 prints from 23.79 to 23.41. Range 23.39 to 23.74. Use the arrow keys to read each point.$23.50$23.60$23.7010 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$49M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
7
Volume · 30D
0M sh
NAV per share
$23.79
52W range
low $23.50high $25.32

The ETF.net IBGC Grade

C

48/ 100

Rank 12 of 33 in Defined-Maturity Treasury⁠

Confidence High

Six-pillar profile for IBGC. Scores out of 100: Cost 67, Risk 45, Mission 20, Tradability 67, Holdings 34, Durability 56. Strongest: Cost (67). Weakest: Mission (20). Leans toward Cost and Tradability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 48 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 67
    Category rank8/33 · top 24%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    FScore 20
    Category rank16/23 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 45
    Category rank15/29 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 67
    Category rank7/33 · top 21%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 34
    Category rank27/33 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 56
    Category rank14/33 · top 42%

Graded as of Sep 22, 2026

Our read on IBGC

ETF.net Research

CMost Treasury ETFs run forever. This one is built around a single date, holding Treasuries that mature in 2046, so you get a bond's defined maturity inside an ETF wrapper for seven basis points.

Stated mandate

The fund seeks to track an index of U.S. Treasury bonds maturing in 2046, providing a defined-maturity Treasury exposure intended for income, stability, bond-ladder construction, and interest-rate-risk management.

Why people hold it

  1. 010.07% a year undercuts the 0.10% typical of target-maturity bond funds and matches the cheapest rungs of the iShares Treasury ladder, like IBTJ.
  2. 02Tracks the ICE 2046 Maturity US Treasury Index: government paper only, no corporate credit to underwrite.
  3. 03Pays quarterly, and the fixed 2046 target is designed as a rung for bond-ladder building and rate-risk management.

Worth knowing

  1. 01A 2046 maturity is a long rope. Prices move much harder on rate swings than near-dated rungs such as IBTJ (2029).
  2. 02A 2026 launch at the far end of the ladder means a small asset base and light trading, which can widen spreads versus busier rungs.
  3. 03Treasuries only, so income comes without the credit-spread pickup of corporate ladder funds like IBDU or BSCT.

IBGC Holdings

As of Sep 22, 2026, 5:18 AM
Asset class
Bonds
Holdings
7
Top-10 weight
100%
Largest holding
TREASURY BOND (OLD) 5.00% 05/15/204626.5%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TREASURY BOND (OLD) 5.00% 05/15/204626.55%134,803$13M34
002—TREASURY BOND (2OLD) 4.63% 02/15/204624.96%133,047$12M36
003—TREASURY BOND 2.25% 08/15/204612.90%101,503$6M27
004—TREASURY BOND 2.50% 05/15/204610.30%76,854$5M29
005—TREASURY BOND 2.50% 02/15/204610.18%75,690$5M31
006—TREASURY BOND (OTR) 5.13% 08/15/20469.59%47,920$5M37
007—TREASURY BOND 2.88% 11/15/20465.48%38,476$3M22
008—BLK CSH FND TREASURY SL AGENCY0.04%18,004$18K440

Showing 1–8 of 8 holdings

IBGC Performance

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

IBGC$9,658
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. IBGC $9,658. SPY $10,415. Use the arrow keys to read each point.$9,483$10,002$10,522Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for IBGC. Periods over one year show the average yearly return.
PeriodIBGC
Year to dateFund launched this year—
1 month−0.4%
3 months−3.4%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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 IBGC
YearReturn barIBGC
2026 YTD−2.1%

History from Mar 26, 2026

IBGC in the news

ETF.net Research hasn’t filed on IBGC yet — coverage lands here as it’s written.

IBGC 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 Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.09 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 5 payments in 2026 YTD. May 1, 2026 $0.10; Jun 1, 2026 $0.10; Jul 1, 2026 $0.10; Aug 3, 2026 $0.10; Sep 1, 2026 $0.09. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 4, 2026$0.09
Aug 3, 2026Aug 6, 2026$0.10
Jul 1, 2026Jul 7, 2026$0.10
Jun 1, 2026Jun 4, 2026$0.10
May 1, 2026May 6, 2026$0.10

IBGC Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Mar 2026; fills in after 12 months
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.
—
Launched Mar 2026; fills in after 12 months
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.
—
Launched Mar 2026; fills in after 12 months
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.
0.08
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.

IBGC Cost

Expense ratio0.07%
  • The middle half of Defined-Maturity Treasury funds
  • Median 0.07%

No Defined-Maturity Treasury fund charges less.

IBGC costs $7.00 a year on $10,000. The median Defined-Maturity Treasury fund costs $7.00.