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IBII

GradeBNew York Stock Exchange Arca

iShares iBonds Oct 2032 Term TIPS ETF

Specialty Bonds · IShares · Inception 2023-09-18

$24.61−0.20 (−0.81%)

As of Sep 23, 2026, 2:21 PM EDT

History starts Sep 22, 2023.
Intraday session: down, 44 prints from 24.81 to 24.61. Range 24.59 to 24.80. Use the arrow keys to read each point.$24.65$24.70$24.75$24.8010 AM12 PM2 PM4 PM
Expense ratio
0.10%
Fund size
$68M
1Y return
−0.8%
Yield · Last 12 months
5.30%
Holdings
3
Volume · 30D
0M sh
NAV per share
$24.81
52W range
low $24.75high $26.39

The ETF.net IBII Grade

B

64/ 100

Rank 10 of 41 in TIPS⁠

Confidence High

Six-pillar profile for IBII. Scores out of 100: Cost 68, Risk 38, Mission 99, Tradability 54, Holdings 34, Durability 51. Strongest: Mission (99). Weakest: Holdings (34). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 64 of 100 sits in the B 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 68
    Category rank12/41 · top 29%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 99
    Category rank8/32 · top 25%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 38
    Category rank30/41 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 54
    Category rank17/41 · top 41%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 34
    Category rank36/41 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 51
    Category rank23/41 · mid-pack

Graded as of Sep 22, 2026

Our read on IBII

ETF.net Research

BInflation-linked Treasuries with an end date. IBII holds only TIPS maturing in 2032, then winds up and pays out around October 15 of that year: a ladder rung for real-return investors rather than a perpetual bond fund.

Stated mandate

The fund seeks to track an index of U.S. Treasury Inflation-Protected Securities maturing in 2032 and is designed to provide inflation protection with a defined maturity.

Why people hold it

  1. 01Defined maturity, like an individual bond: iBonds funds terminate on or about October 15 of the year in the name, which makes rung-by-rung ladder building straightforward.ishares.com
  2. 02The inflation-adjusted flavor of the ladder. Most target maturity rungs hold corporates or nominal Treasuries; this one holds TIPS, whose principal moves with inflation.ishares.com
  3. 030.10% expense ratio, in line with the typical target maturity bond ETF, for a single job: track the ICE 2032 Maturity US Inflation-Linked Treasury Index and pay quarterly.

Worth knowing

  1. 01In the final months the holdings mature into cash and cash-like instruments, so the yield drifts toward money market rates. The endgame is a payout, not a peak.ishares.com
  2. 02Narrow by design: just the TIPS issues maturing in 2032. And TIPS cut both ways, since the inflation adjustment can move down when prices fall.ishares.com
  3. 03Thinner trading than the corporate rungs of the iBonds lineup, so spreads can matter more on the way in and out. Distributions also vary rather than sitting at a fixed coupon.ishares.com

IBII Holdings

As of Sep 22, 2026, 4:53 AM
Asset class
Bonds
Holdings
3
Top-10 weight
100%
Largest holding
TREASURY (CPI) NOTE 0.63% 07/15/203247.5%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TREASURY (CPI) NOTE 0.63% 07/15/203247.51%358,815$32M13
002—TREASURY (CPI) NOTE 0.13% 01/15/203244.87%346,171$31M8
003—TREASURY (CPI) NOTE 3.38% 04/15/20327.62%49,726$5M8
004—BLK CSH FND TREASURY SL AGENCY<0.01%1,168$1K440
005—USD CASH0.00%0$1193

Showing 1–5 of 5 holdings

IBII Performance

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

IBII$9,917
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. IBII $9,917. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – 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 IBII. Periods over one year show the average yearly return.
PeriodIBII
Year to date−0.8%
1 month−2.0%
3 months−1.5%
1 year−0.8%
3 years+4.4%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 IBII
YearReturn barIBII
2026 YTD−0.8%
2025+8.7%
2024+1.2%
2023+4.4%

History from Sep 22, 2023

IBII in the news

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

IBII 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.
5.30%Last 12 months
Payout per share
$1.31Last 12 months
Last payment
$0.64 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 11 payments from 2023 to 2026 YTD. Dec 14, 2023 $0.28; Apr 1, 2024 $0.17; Jul 1, 2024 $0.62; Oct 1, 2024 $0.19; Dec 18, 2024 $0.20; Apr 1, 2025 $0.25; Jul 1, 2025 $0.39; Oct 1, 2025 $0.29; Dec 19, 2025 $0.31; Apr 1, 2026 $0.07; Jul 1, 2026 $0.64. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Jul 1, 2026Jul 7, 2026$0.64
Apr 1, 2026Apr 7, 2026$0.07
Dec 19, 2025Dec 24, 2025$0.31
Oct 1, 2025Oct 6, 2025$0.29
Jul 1, 2025Jul 7, 2025$0.39
Apr 1, 2025Apr 4, 2025$0.25
Dec 18, 2024Dec 23, 2024$0.20
Oct 1, 2024Oct 4, 2024$0.19
Jul 1, 2024Jul 5, 2024$0.62
Apr 1, 2024Apr 5, 2024$0.17
Dec 14, 2023Dec 20, 2023$0.28

IBII Risk

How much the fund’s monthly returns vary, scaled to a year.
5.0%
Annualised · 35 months to Aug 2026
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.
0.21
vs 3-month T-bills · 35 months to Aug 2026
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.
−4.6%
36 months · trough Jan 2025
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.
0.20
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.

IBII Cost

Expense ratio0.10%
  • The middle half of TIPS funds
  • Median 0.10%

6 of the 41 TIPS funds charge less.

IBII costs $10.00 a year on $10,000. The median TIPS fund costs $10.00.