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IBTR

GradeBNASDAQ Global Market

iShares iBonds Dec 2036 Term Treasury ETF

Target Maturity Bond · IShares · Inception 2026-03-24

$23.69−0.29 (−1.23%)

As of Sep 23, 2026, 3:07 PM EDT

History starts Mar 26, 2026.History starts Mar 26, 2026.History starts Mar 26, 2026.
Intraday session: down, 41 prints from 23.99 to 23.69. Range 23.66 to 23.91. Use the arrow keys to read each point.$23.80$23.9010 AM12 PM2 PM4 PM
Expense ratio
0.07%
Fund size
$35M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
4
Volume · 30D
0M sh
NAV per share
$23.96
52W range
low $23.84high $25.26

The ETF.net IBTR Grade

B

62/ 100

Rank 10 of 33 in Defined-Maturity Treasury⁠

Confidence High

Six-pillar profile for IBTR. Scores out of 100: Cost 67, Risk 41, Mission 81, Tradability 67, Holdings 29, Durability 54. Strongest: Mission (81). Weakest: Holdings (29). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 62 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 67
    Category rank22/33 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 81
    Category rank12/23 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 41
    Category rank18/29 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 67
    Category rank8/33 · top 24%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 29
    Category rank32/33 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 54
    Category rank16/33 · top 48%

Graded as of Sep 22, 2026

Our read on IBTR

ETF.net Research

BOne dated rung on the iBonds Treasury ladder: an index of US Treasuries maturing in 2036, run as a defined-maturity strategy, for 0.07% a year. Bond-style maturity math in an ETF wrapper.

Stated mandate

The fund seeks to track an index of U.S. Treasury bonds maturing in 2036 and is designed to provide income and stability through a defined-maturity bond strategy.

Why people hold it

  1. 010.07% a year, below the typical target-maturity bond fund, and level with the cheapest Treasury rungs in the same lineup such as IBTJ.
  2. 02Government paper only. The mandate is US Treasuries maturing in 2036, so there is no corporate credit to underwrite.
  3. 03A dated end point, not a rolling one: it tracks the ICE 2036 Maturity US Treasury Index, so the term is fixed rather than a perpetual fund's ever-rolling duration.
  4. 04Income arrives on a quarterly schedule, and the cost line is one of the lighter ones among target-maturity bond funds.

Worth knowing

  1. 01This is a far rung. A 2036 maturity carries more interest-rate sensitivity than nearer-dated siblings like IBTJ (2029), so prices move more when yields move.
  2. 02Launched in 2026 and still small, it trades thinly, so spreads can run wider than on the ladder's long-established rungs.
  3. 03Short history means limited track record to examine, even though the underlying index rule is mechanical.

IBTR Holdings

As of Sep 22, 2026, 5:18 AM
Asset class
Bonds
Holdings
4
Top-10 weight
100%
Largest holding
TREASURY NOTE (OLD) 4.38% 05/15/203641.9%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—TREASURY NOTE (OLD) 4.38% 05/15/203641.86%152,063$14M44
002—TREASURY NOTE (2OLD) 4.13% 02/15/203640.62%150,291$14M54
003—TREASURY NOTE (OTR) 4.63% 08/15/203614.46%51,539$5M36
004—TREASURY BOND 4.50% 02/15/20363.03%10,811$1M17
005—BLK CSH FND TREASURY SL AGENCY0.02%7,263$7K440

Showing 1–5 of 5 holdings

IBTR Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

IBTR$9,782
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. IBTR $9,782. SPY $10,415. Use the arrow keys to read each point.$9,678$10,093$10,507Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for IBTR. Periods over one year show the average yearly return.
PeriodIBTR
Year to dateFund launched this year—
1 month−1.3%
3 months−2.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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 IBTR
YearReturn barIBTR
2026 YTD−1.7%

History from Mar 26, 2026

IBTR in the news

ETF.net Research hasn’t filed on IBTR yet — coverage lands here as it’s written.

IBTR 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 Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 5 payments in 2026 YTD. May 1, 2026 $0.09; Jun 1, 2026 $0.07; Jul 1, 2026 $0.08; Aug 3, 2026 $0.07; Sep 1, 2026 $0.08. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 4, 2026$0.08
Aug 3, 2026Aug 6, 2026$0.07
Jul 1, 2026Jul 7, 2026$0.08
Jun 1, 2026Jun 4, 2026$0.07
May 1, 2026May 6, 2026$0.09

IBTR Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Mar 2026; fills in after 12 months
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.
—
Launched Mar 2026; fills in after 12 months
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.
—
Launched Mar 2026; fills in after 12 months
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.
0.05
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.

IBTR Cost

Expense ratio0.07%
  • The middle half of Defined-Maturity Treasury funds
  • Median 0.07%

No Defined-Maturity Treasury fund charges less.

IBTR costs $7.00 a year on $10,000. The median Defined-Maturity Treasury fund costs $7.00.