iShares iBonds Dec 2032 Term Treasury ETF
$21.82−0.19 (−0.86%)
- Expense ratio
- 0.07%
- Fund size
- $557M
- 1Y return
- −1.2%
- Yield · Last 12 months
- 4.02%
- Holdings
- 15
- Volume · 30D
- 0.1M sh
- NAV per share
- $22.00
- 52W range
The ETF.net IBTM Grade
Score 60 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 67Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 41Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 59Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 60Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 84Category rank
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
- 15
- 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.
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 | IBTM |
|---|---|
| Year to date | −2.1% |
| 1 month | −1.5% |
| 3 months | −1.5% |
| 1 year | −1.2% |
| 3 years | +3.7% |
| 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 | −2.1% | |
| 2025 | +8.1% | |
| 2024 | −0.1% | |
| 2023 | +3.5% | |
| 2022 | −4.6% |
IBTM in the news
ETF.net Research hasn’t filed on IBTM yet — coverage lands here as it’s written.
IBTM Dividends
- 4.02%
- $0.89
- $0.08 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.08 |
| Aug 3, 2026 | Aug 6, 2026 | $0.08 |
| Jul 1, 2026 | Jul 7, 2026 | $0.07 |
| Jun 1, 2026 | Jun 4, 2026 | $0.08 |
| May 1, 2026 | May 6, 2026 | $0.07 |
| Apr 1, 2026 | Apr 7, 2026 | $0.08 |
| Mar 2, 2026 | Mar 5, 2026 | $0.07 |
| Feb 2, 2026 | Feb 5, 2026 | $0.07 |
| Dec 19, 2025 | Dec 24, 2025 | $0.08 |
| Dec 1, 2025 | Dec 4, 2025 | $0.07 |
| Nov 3, 2025 | Nov 6, 2025 | $0.08 |
| Oct 1, 2025 | Oct 6, 2025 | $0.07 |
IBTM Risk
- 6.3%
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.
- −0.17
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
- The middle half of Defined-Maturity Treasury funds
- Median 0.07%
No Defined-Maturity Treasury fund charges less.