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Launched · SEC filings

iShares iBonds Dec 2031 Term Treasury ETF

IBTLNasdaqiSharesB

$19.73+0.02 (+0.10%)

At close: Nov 2, 2026, 4:00 PM ET

B70/ 100

Rank 6 of 31 in Defined-Maturity Treasury

B70/100Rank 6 of 31inDefined-Maturity Treasury
Intraday session: up, 79 prints from 19.71 to 19.73. Range 19.70 to 19.75. Use the arrow keys to read each point.19.7019.7219.7410 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$770M
1Y total return
−0.3%
Yield · Last 12 months
3.97%
Holdings
28
Avg volume · 30D
353K sh
52W range
low $19.37high $20.81
Launched
Filings
SEC EDGAR

The ETF.net IBTL Grade

B

Score 70 out of 100

Category
Defined-Maturity Treasury⁠
Rank
6 of 31
Six-pillar profile for IBTL. Scores out of 100: Cost 65, Risk 40, Mission 100, Tradability 61, Holdings 63, Durability 81. Strongest: Mission (100). Weakest: Risk (40). Leans toward Mission.

Score 70 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. The letter stays B for now. A new letter must hold for 3 published runs before it replaces it.

  • 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.
    A100 out of 100
    Rank 1 of 23

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C40 out of 100
    Rank 17 of 29

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B61 out of 100
    Rank 10 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B63 out of 100
    Rank 15 of 31

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A81 out of 100
    Rank 7 of 31

Our read on IBTL

ETF.net Research

In short

BOne rung of a Treasury ladder in ETF form: every bond it holds matures in 2031, giving the portfolio a finish line most bond funds never have. Charges 0.07% and pays monthly.

Stated mandate

The fund seeks to track an index of U.S. Treasury bonds maturing in 2031.

Why people hold it

  • 0.07% a year against a 0.10% median for target-maturity bond funds. On plain Treasuries, the fee is most of what separates one fund from the next.
  • Government paper in a single maturity year: no corporate credit to underwrite, and it follows the ICE 2031 Maturity US Treasury Index instead of a manager's hunches.
  • Tracks that index closely and stands among the strongest builds in a crowded target-maturity peer group.
  • Sibling funds cover other years (IBTJ for 2029, same 0.07%), so rungs can be stacked without switching issuer or fee tier.

Worth knowing

  • Before 2031 arrives, the price still moves with rates. A 2031 maturity swings more than Treasury bills when yields shift.
  • Monthly payouts come from Treasury coupons. No target payout is declared, so the amount moves with the portfolio.
  • One issuer type, one maturity year. That is a ladder rung, not a diversified bond sleeve.

IBTL Performance

Launched Jul 13, 2021

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.
IBTL$9,972
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. IBTL $9,972. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 IBTL. Periods over one year show the average yearly return.
PeriodIBTL
Year to date−0.8%
1 month+1.9%
3 months−0.1%
1 year−0.3%
3 yearsper year+5.1%
5 yearsper year−1.1%
10 yearsFund is under 10 years oldper yearNo data

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 IBTL
YearReturn barIBTL
2026 YTD−0.8%
2025+7.9%
2024+0.3%
2023+3.6%
2022−15.8%
2021−1.1%

History from Aug 30, 2021

IBTL in the news

IBTL 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 Oct 30, 2026.
3.97%Last 12 months
Payout per share
$0.79Last 12 months
Last payment
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.03; Mar 1, 2023 $0.05; Apr 3, 2023 $0.06; May 1, 2023 $0.03; Jun 1, 2023 $0.06; Jul 3, 2023 $0.06; Aug 1, 2023 $0.05; Sep 1, 2023 $0.06; Oct 2, 2023 $0.04; Nov 1, 2023 $0.06; Dec 1, 2023 $0.06; Dec 14, 2023 $0.07; Feb 1, 2024 $0.07; Mar 1, 2024 $0.06; Apr 1, 2024 $0.07; May 1, 2024 $0.06; Jun 3, 2024 $0.07; Jul 1, 2024 $0.07; Aug 1, 2024 $0.07; Sep 3, 2024 $0.07; Oct 1, 2024 $0.07; Nov 1, 2024 $0.07; Dec 2, 2024 $0.07; Dec 18, 2024 $0.07; Feb 3, 2025 $0.07; Mar 3, 2025 $0.06; Apr 1, 2025 $0.07; May 1, 2025 $0.07; Jun 2, 2025 $0.07; Jul 1, 2025 $0.07; Aug 1, 2025 $0.07; Sep 2, 2025 $0.07; Oct 1, 2025 $0.07; Nov 3, 2025 $0.07; Dec 1, 2025 $0.07; Dec 19, 2025 $0.06; Feb 2, 2026 $0.06; Mar 2, 2026 $0.06; Apr 1, 2026 $0.07; May 1, 2026 $0.07; Jun 1, 2026 $0.07; Jul 1, 2026 $0.06; Aug 3, 2026 $0.07; Sep 1, 2026 $0.07; Oct 1, 2026 $0.07. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 5, 2026$0.07
Oct 1, 2026Oct 6, 2026$0.07
Sep 1, 2026Sep 4, 2026$0.07
Aug 3, 2026Aug 6, 2026$0.07
Jul 1, 2026Jul 7, 2026$0.06
Jun 1, 2026Jun 4, 2026$0.07
May 1, 2026May 6, 2026$0.07
Apr 1, 2026Apr 7, 2026$0.07
Mar 2, 2026Mar 5, 2026$0.06
Feb 2, 2026Feb 5, 2026$0.06
Dec 19, 2025Dec 24, 2025$0.06
Dec 1, 2025Dec 4, 2025$0.07

See all 63 payments⁠

$10,000 in IBTL 5 years ago paid $1,380 in dividends.⁠

IBTL Risk

Risk pillarC40 out of 100Rank 17 of 29 in Defined-Maturity Treasury
How much the fund’s monthly returns vary, scaled to a year.
5.7%
Annualised · 36 months to Oct 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.
0.12
vs 3-month T-bills · to Oct 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.
−19.9%
Trough Oct 2023
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.
1.04
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.

FMP measures it over up to five years of monthly returns.

IBTL Cost

Tied cheapest in Defined-Maturity Treasury

$1,480

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IBTL 0.07%

    $1,480

$10,000
30 years

Cost over time

  • IBTL 0.07%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K051015202530IBTL $1,480

Year by year

YearIBTL
10$128
20$503
30$1,480

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