iShares iBonds Dec 2028 Term Treasury ETF
$21.88−0.04 (−0.21%)
- Expense ratio
- 0.07%
- Fund size
- $2.1B
- 1Y return
- +1.6%
- Yield · Last 12 months
- 3.78%
- Holdings
- 46
- Volume · 30D
- 0.5M sh
- NAV per share
- $21.91
- 52W range
The ETF.net IBTI Grade
Score 76 of 100 sits in the A 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 67Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 60Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 67Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 78Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 91Category rank
Our read on IBTI
ATreasuries that all mature in 2028, bundled into one ticker. IBTI trades like a fund but ages like a bond, and at 0.07% a year it undercuts the typical target-maturity peer.
The fund seeks to track an index of U.S. Treasury bonds maturing in 2028.
Why people hold it
- Charges 0.07% a year against a 0.10% median for target-maturity bond funds. On a Treasury portfolio, where the yield is knowable, the fee comes straight off the top.
- Every bond in it matures in 2028, so the portfolio winds down toward a set date rather than rolling on forever like a standard bond index fund.
- US Treasuries only, about 40 of them. No corporate issuer to underwrite, just one slice of the government curve.
- Pays monthly, holds over a billion in assets, and ranks among the stronger implementations in a category otherwise full of thin, niche rungs.
Worth knowing
- The defined maturity belongs to the bonds, not to your entry price. Exit before the target year and you take whatever rates have done since.
- This is one point on the yield curve, not a ladder. Covering several maturity years means owning several of these funds.
- Treasury-only means no credit spread. Corporate-bond cousins like VBCB and IBDU take on issuer risk in exchange for the extra yield.
IBTI Holdings
- Bonds
- 46
- 27%
- TREASURY NOTE 3.50% 01/31/2028
Geography
- United States100.00%
IBTI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | IBTI |
|---|---|
| Year to date | +0.4% |
| 1 month | −0.5% |
| 3 months | +0.2% |
| 1 year | +1.6% |
| 3 years | +4.5% |
| 5 years | −0.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IBTI |
|---|---|---|
| 2026 YTD | +0.4% | |
| 2025 | +6.2% | |
| 2024 | +2.5% | |
| 2023 | +4.7% | |
| 2022 | −11.3% | |
| 2021 | −3.5% | |
| 2020 | +3.7% |
IBTI in the news
ETF.net Research hasn’t filed on IBTI yet — coverage lands here as it’s written.
IBTI Dividends
- 3.78%
- $0.83
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.07 |
| Aug 3, 2026 | Aug 6, 2026 | $0.07 |
| Jul 1, 2026 | Jul 7, 2026 | $0.07 |
| Jun 1, 2026 | Jun 4, 2026 | $0.07 |
| May 1, 2026 | May 6, 2026 | $0.07 |
| Apr 1, 2026 | Apr 7, 2026 | $0.07 |
| Mar 2, 2026 | Mar 5, 2026 | $0.06 |
| Feb 2, 2026 | Feb 5, 2026 | $0.07 |
| Dec 19, 2025 | Dec 24, 2025 | $0.07 |
| Dec 1, 2025 | Dec 4, 2025 | $0.07 |
| Nov 3, 2025 | Nov 6, 2025 | $0.07 |
| Oct 1, 2025 | Oct 6, 2025 | $0.07 |
IBTI Risk
- 3.3%
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.
- −0.11
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.
- −15.4%
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.
- 0.57
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IBTI Cost
- The middle half of Defined-Maturity Treasury funds
- Median 0.07%
No Defined-Maturity Treasury fund charges less.