iShares iBonds Dec 2028 Term Treasury ETF
$21.90+0.01 (+0.02%)
- 0.07%
- $2.2B
- +1.5%
- 3.78%
- 0.5M sh
- $21.89
- low $21.83high $22.49
The ETF.net IBTI Grade
A
Score 76 out of 100
- 3 of 31
Score 76 of 100 falls in the A 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 100Rank 1 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 23Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B58 out of 100Rank 6 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B69 out of 100Rank 3 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A80 out of 100Rank 4 of 31Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A90 out of 100Rank 3 of 31
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
- 49
- 26%
- Treasury Note 3.50% 01/31/2028
Sectors
- Treasuries100.0%
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.
Not enough history yet.
IBTI$10,145
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.
| Period | IBTI |
|---|---|
| Year to date | +0.6% |
| 1 month | +0.1% |
| 3 months | +0.2% |
| 1 year | +1.5% |
| 3 years | +4.6% |
| 5 years | +0.3% |
| 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 | +0.6% | |
| 2025 | +6.2% | |
| 2024 | +2.5% | |
| 2023 | +4.7% | |
| 2022 | −11.3% | |
| 2021 | −3.5% | |
| 2020 | +3.7% |
IBTI in the news
IBTI Dividends
- 3.78%
- $0.83
- $0.07 per share
- Monthly
Distribution history
IBTI Risk
- 3.2%
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.
- −0.02
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.
- −14.7%
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
0.07%
IBTI0.07%
- The middle half of Defined-Maturity Treasury funds
- Median 0.07%
No Defined-Maturity Treasury fund charges less.
Other funds in Defined-Maturity Treasury
- AIBTGiShares iBonds Dec 2026 Term Treasury ETFExpense ratio 0.07%1 year return +3.6%
- AIBTHiShares iBonds Dec 2027 Term Treasury ETFExpense ratio 0.07%1 year return +2.8%
- AIBTJiShares iBonds Dec 2029 Term Treasury ETFExpense ratio 0.07%1 year return +0.2%
- ABSGRInvesco Bulletshares 2027 Treasury Bond ETFExpense ratio 0.07%1 year return —
- AIBTKiShares iBonds Dec 2030 Term Treasury ETFExpense ratio 0.07%1 year return −1.1%