iShares iBonds Dec 2032 Term Treasury ETF
$21.77+0.02 (+0.08%)
- 0.07%
- $583M
- −2.6%
- 4.08%
- 0.2M sh
- $21.74
- low $21.62high $23.46
The ETF.net IBTM Grade
B
Score 61 out of 100
- 12 of 31
Score 61 of 100 falls in the B 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.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C42 out of 100Rank 17 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B65 out of 100Rank 5 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B61 out of 100Rank 16 of 31Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 6 of 31
Our read on IBTM
BA bond with a ticker. IBTM holds US Treasuries maturing in 2032, pays monthly along the way, and winds down around December 15, 2032, when proceeds go back to shareholders. One rung of a ladder, bought in one click.
The Fund seeks to track an index of U.S. Treasury bonds maturing in 2032. It uses an indexing strategy and will liquidate around December 15, 2032.
Why people hold it
- Defined maturity: it tracks an index of Treasuries maturing in 2032 and liquidates around December 15, 2032, so it behaves more like an individual bond than a perpetual bond fund.
- 0.07% a year, under the 0.10% typical for target-maturity bond funds. Cheap matters more when the underlying paper is US Treasuries.
- Treasury-only holdings, so there is no corporate credit to underwrite, and the fund distributes monthly.
- Live since 2022 and one of the stronger implementations in the target-maturity bond group, from the iShares iBonds lineup that runs rungs across many maturity years.ishares.com
Worth knowing
- The maturity feature arrives at the end. Until then the share price moves with Treasury yields, and a 2032 target means years of that sensitivity.
- At wind-down you receive cash, not an automatic roll into the next rung. Redeploying is a decision you make.
- Moderately traded rather than a volume heavyweight, so spreads can run wider than on the largest broad Treasury funds.
IBTM Holdings
- Bonds
- 17
- 75%
- Treasury Note 4.13% 11/15/2032
Geography
- United States100.00%
IBTM 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.Not enough history yet.
IBTM$9,742
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 | IBTM |
|---|---|
| Year to date | −2.9% |
| 1 month | −0.9% |
| 3 months | −2.5% |
| 1 year | −2.6% |
| 3 years | +4.0% |
| 5 years | — |
| 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 | IBTM |
|---|---|---|
| 2026 YTD | −2.9% | |
| 2025 | +8.1% | |
| 2024 | −0.1% | |
| 2023 | +3.5% | |
| 2022 | −4.6% |
IBTM in the news
IBTM Dividends
- 4.08%
- $0.89
- $0.07 per share
- Monthly
Distribution history
IBTM Risk
- 6.2%
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.
- −0.13
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.
- −13.6%
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.
- 1.14
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IBTM Cost
0.07%
IBTM0.07%
- The middle half of Defined-Maturity Treasury funds
- Median 0.07%
No Defined-Maturity Treasury fund charges less.
Other funds in Defined-Maturity Treasury
- BIBTPiShares iBonds Dec 2034 Term Treasury ETFExpense ratio 0.07%1 year return −3.8%
- BIBTQiShares iBonds Dec 2035 Term Treasury ETFExpense ratio 0.07%1 year return −4.2%
- BIBTRiShares iBonds Dec 2036 Term Treasury ETFExpense ratio 0.07%1 year return —
- CIBGAiShares iBonds Dec 2044 Term Treasury ETFExpense ratio 0.07%1 year return −7.5%
- CIBGCiShares iBonds Dec 2046 Term Treasury ETFExpense ratio 0.07%1 year return —