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Launched

iShares iBonds Dec 2046 Term Treasury ETF

IBGCNasdaqC

$22.94+0.09 (+0.39%)

At close: Oct 13, 2026, 4:00 PM

C43/ 100

Rank 15 of 31 in Defined-Maturity Treasury

C43/100Rank 15 of 31inDefined-Maturity Treasury
Intraday session: up, 19 prints from 22.85 to 22.94. Range 22.92 to 22.98. Use the arrow keys to read each point.22.8822.9022.9322.9810 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$49M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
8
Avg volume · 30D
0M sh
NAV per share
$22.81
52W range
low $21.82high $25.32
Launched

The ETF.net IBGC Grade

C

Score 43 out of 100

Category
Defined-Maturity Treasury⁠
Rank
15 of 31
Six-pillar profile for IBGC. Scores out of 100: Cost 65, Risk 35, Mission 20, Tradability 54, Holdings 34, Durability 52. Strongest: Cost (65). Weakest: Mission (20). Leans toward Cost.

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.
    D35 out of 100
    Rank 21 of 29

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C54 out of 100
    Rank 15 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D34 out of 100
    Rank 25 of 31

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C52 out of 100
    Rank 14 of 31

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 Oct 12, 2026
Asset class
Bonds
Holdings
8
Top-10 weight
100%
Largest holding
Treasury Bond (Old) 5.00% 05/15/204624.5%

Sectors

  • Treasuries100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Treasury Bond (Old) 5.00% 05/15/204624.54%130,400$12M31
002—Treasury Bond (2OLD) 4.63% 02/15/204623.06%128,666$11M34
003—Treasury Bond (Otr) 5.13% 08/15/204616.63%86,972$8M34
004—Treasury Bond 2.25% 08/15/204611.87%98,173$6M26
005—Treasury Bond 2.50% 05/15/20469.49%74,357$5M27
006—Treasury Bond 2.50% 02/15/20469.36%73,026$5M29
007—Treasury Bond 2.88% 11/15/20465.04%37,175$2M21
008—Blk Csh Fnd Treasury Sl Agency<0.01%1,281$1K437

Showing 1–8 of 8 holdings

IBGC Performance

Launched Mar 25, 2026

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.Not enough history yet.Not enough history yet.
IBGC$9,421
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. IBGC $9,421. SPY $10,332. Use the arrow keys to read each point.$9,244$9,836$10,427Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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−2.8%
3 months−5.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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−5.6%

History from Mar 26, 2026

IBGC in the news

Filtered to IBGC · IShares

IBGC Dividends

Last payment
$0.08 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. 6 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; Oct 1, 2026 $0.08. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 6, 2026$0.08
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.

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