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IBGM

GradeCNASDAQ Global Market

iShares iBonds Dec 2056 Term Treasury ETF

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

$23.30−0.33 (−1.38%)

As of Sep 23, 2026, 3:08 PM EDT

History starts Mar 26, 2026.History starts Mar 26, 2026.History starts Mar 26, 2026.
Intraday session: down, 12 prints from 23.62 to 23.30. Range 23.25 to 23.54. Use the arrow keys to read each point.$23.40$23.5010 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$43M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
3
Volume · 30D
0M sh
NAV per share
$23.63
52W range
low $23.31high $25.28

The ETF.net IBGM Grade

C

40/ 100

Rank 16 of 33 in Defined-Maturity Treasury⁠

Confidence High

Six-pillar profile for IBGM. Scores out of 100: Cost 67, Risk 36, Mission 20, Tradability 30, Holdings 28, Durability 56. Strongest: Cost (67). Weakest: Mission (20). Leans toward Cost.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 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 rank11/33 · top 33%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    FScore 20
    Category rank19/23 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 36
    Category rank23/29 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 30
    Category rank26/33 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 28
    Category rank33/33 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 56
    Category rank15/33 · top 45%

Graded as of Sep 22, 2026

Our read on IBGM

ETF.net Research

CA Treasury fund with a finish line: it tracks bonds maturing in 2056, so it acts like one rung of a ladder instead of rolling its maturities forever. Priced cheaply for the category, and long enough to feel every move in long-term rates.

Stated mandate

The fund seeks to track an index of U.S. Treasury bonds maturing in 2056. Its defined maturity is consistent with bond-ladder construction and interest-rate-risk management.

Why people hold it

  1. 01Charges 0.07% a year, less than half the typical fee in its long-Treasury group and cheaper than iShares' own TLT at 0.15%.
  2. 02Peers like VGLT and TLT roll their holdings forever. This one aims at a single 2056 maturity, which is what makes ladder-style, rung-by-rung building possible.
  3. 03Treasuries only. The risk you are taking is interest rates, not corporate credit.

Worth knowing

  1. 01A 2056 maturity sits at the far end of the curve, where modest moves in long-term yields turn into large price swings.
  2. 02Launched in 2026 and still small and thinly traded, so bid-ask spreads can run wider than at the category's giants.
  3. 03Income arrives quarterly, not monthly, which matters if you are timing cash flows.

IBGM Holdings

As of Sep 22, 2026, 5:18 AM
Asset class
Bonds
Holdings
3
Top-10 weight
100%
Largest holding
TREASURY BOND (OLD) 5.00% 05/15/205643.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TREASURY BOND (OLD) 5.00% 05/15/205643.33%192,558$18M43
002—TREASURY BOND (2OLD) 4.75% 02/15/205641.12%190,263$17M45
003—TREASURY BOND (OTR) 5.13% 08/15/205615.53%67,685$7M41
004—BLK CSH FND TREASURY SL AGENCY0.01%6,316$6K440

Showing 1–4 of 4 holdings

IBGM Performance

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

IBGM$9,603
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. IBGM $9,603. SPY $10,415. Use the arrow keys to read each point.$9,421$9,974$10,526Jun 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 IBGM. Periods over one year show the average yearly return.
PeriodIBGM
Year to dateFund launched this year—
1 month+0.1%
3 months−4.0%
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 IBGM
YearReturn barIBGM
2026 YTD−3.0%

History from Mar 26, 2026

IBGM in the news

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

IBGM 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

IBGM 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.
0.06
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.

IBGM Cost

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

No Defined-Maturity Treasury fund charges less.

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