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Launched

iShares iBonds Dec 2056 Term Treasury ETF

IBGMNasdaqD

$22.66+0.10 (+0.44%)

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

D38/ 100

Rank 24 of 31 in Defined-Maturity Treasury

D38/100Rank 24 of 31inDefined-Maturity Treasury
Intraday session: up, 10 prints from 22.56 to 22.66. Range 22.65 to 22.68. Use the arrow keys to read each point.22.5722.6022.6322.6810 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$41M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
4
Avg volume · 30D
0M sh
NAV per share
$22.53
52W range
low $22.21high $25.28
Launched

The ETF.net IBGM Grade

D

Score 38 out of 100

Category
Defined-Maturity Treasury⁠
Rank
24 of 31
Six-pillar profile for IBGM. Scores out of 100: Cost 65, Risk 22, Mission 20, Tradability 35, Holdings 29, Durability 52. Strongest: Cost (65). Weakest: Mission (20). Leans toward Cost.

Score 38 of 100 falls in the D 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.
    F22 out of 100
    Rank 29 of 29

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D35 out of 100
    Rank 25 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D29 out of 100
    Rank 30 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 IBGM

ETF.net Research

DA 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 Oct 12, 2026
Asset class
Bonds
Holdings
4
Top-10 weight
100%
Largest holding
Treasury Bond (Old) 5.00% 05/15/205638.1%

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% 05/15/205638.12%169,250$15M41
002—Treasury Bond (2OLD) 4.75% 02/15/205636.13%167,036$15M40
003—Treasury Bond (Otr) 5.13% 08/15/205625.74%112,052$10M42
004—Blk Csh Fnd Treasury Sl Agency<0.01%2,690$3K437

Showing 1–4 of 4 holdings

IBGM 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.
IBGM$9,358
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. IBGM $9,358. SPY $10,332. Use the arrow keys to read each point.$9,160$9,797$10,433Jul 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 IBGM. Periods over one year show the average yearly return.
PeriodIBGM
Year to dateFund launched this year—
1 month−3.1%
3 months−6.4%
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 IBGM
YearReturn barIBGM
2026 YTD−6.9%

History from Mar 26, 2026

IBGM in the news

Filtered to IBGM · IShares

IBGM Dividends

Last payment
$0.10 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 $0.10. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 6, 2026$0.10
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.

Other funds in Defined-Maturity Treasury

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