IBTG vs IBTI

IBTGAiShares iBonds Dec 2026 Term Treasury ETF

IBTIAiShares iBonds Dec 2028 Term Treasury ETF

In short

IBTG A bond with a ticker. IBTG holds U.S. Treasuries maturing in 2026, then winds itself down and hands back the proceeds like a maturing note. Seven basis points a year, and one rung in a suite built for laddering.

IBTI Treasuries 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.

Stated mandate

IBTG The fund seeks to track an index of U.S. Treasury bonds that mature in 2026.

IBTI The fund seeks to track an index of U.S. Treasury bonds maturing in 2028.

Why people hold it

• IBTG Defined end date: it holds Treasuries maturing in 2026 and terminates on or about October or December 15 of its named year, then pays out what is left.ishares.comishares.com 2
• U.S. Treasury debt only, so no issuer credit calls to second-guess, and the income shows up monthly.
• Costs 0.07% a year, level with the typical defined-maturity Treasury fund and the same rate as sibling rungs IBTH, IBTI, IBTJ and IBTK.
• Billion-dollar asset base, close tracking of its ICE Treasury maturity index, and steady on-screen trading: one of the stronger implementations in the Treasury ladder group.

• IBTI 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

• IBTG In the final months the portfolio shifts into cash and cash-like instruments, so income varies over time and that stretch earns whatever cash rates happen to be.ishares.com
• Termination is the design, not a surprise: liquidation proceeds land in your account, reinvesting is your call, and a gain or loss versus cost basis is a taxable event.ishares.com
• Not a guarantee. iShares states investors may experience losses, including near or at the termination date, and the share price moves with rates along the way.ishares.com

• IBTI 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.

Full IBTG profile⁠

Full IBTI profile⁠