IRTR vs TBFC: Grades, Fees and Holdings Compared

iShares LifePath Retirement ETF

IRTRANYSE Arca

Brinsmere Fund Conservative ETF

TBFCBNYSE Arca

Overlap

0.0%by weight

Expense ratio

IRTR −0.36pt a year

IRTR0.08%TBFC0.44%

Avg volume · 30D

IRTR 5.8×the volume

IRTR12.7KTBFC2.19K

IRTR vs TBFC Performance

Oct 31, 2025 – Oct 30, 2026

+5.1%IRTR+4.1%TBFC

Expense ratio: IRTR 0.08%, better; TBFC 0.44%
Fund size: IRTR $60M; TBFC $354M
1Y total return: IRTR +5.1%, better; TBFC +4.1%
Yield (12M): IRTR 3.17%; TBFC 3.18%, better
Holdings: IRTR 29140; TBFC 27
Avg volume (30D): IRTR 12.7K sh, better; TBFC 2.19K sh
NAV per share: IRTR $31.52; TBFC $28.58
52W range

ETF.net Grade

Pillar letters and Scores for IRTR, TBFC, with each pillar’s weight
Pillar	IRTR	TBFC
Cost30% weight	A97Higher	B64
Mission25% weight	A100Higher	A74
Risk15% weight	A82Higher	C53
Tradability15% weight	B62Higher	C49
Holdings10% weight	A80Higher	B60
Durability5% weight	B56	B67Higher

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. IRTR and TBFC are both graded against the same 37 Multi-Asset Allocation funds, so their Grades compare head to head.

Multi-Asset Allocation⁠

Category · 37 funds

See all 37 ›

IRTR ranks 3rd and TBFC 9th of 37 funds in the Multi-Asset Allocation Category.

Rank 1AUCBGState Street SPDR UC Investments 90/10 Endowment Strategy Index ETFScore 95
Rank 2AAOAiShares Core 80/20 Aggressive Allocation ETFScore 88
Rank 3AIRTRiShares LifePath Retirement ETFScore 86
Rank 4AINCEFranklin Income Equity Focus ETFScore 74
Rank 8BGALState Street Global Allocation ETFScore 64
Rank 9BTBFCBrinsmere Fund Conservative ETFScore 62
Rank 10BDIALColumbia Diversified Fixed Income Allocation ETFScore 61

Our read on each fund

ETF.net Research

IRTRAiShares LifePath Retirement ETF

TBFCBBrinsmere Fund Conservative ETF

In short

IRTR A whole retirement portfolio in one ticker: global stock and bond ETFs blended at the conservative end, for 0.08% a year. That is index-fund pricing on a job most allocation funds charge roughly ten times more to do.

TBFC A conservative allocation fund that doesn't sit still: systematic models reset the blend of global stock and bond exposures on a set schedule, emerging markets included. Active management for 0.44%, below the typical allocation fund's fee.

Stated mandate

IRTR The fund seeks conservative exposure through a broad portfolio of stock and bond ETFs spanning global asset classes.

TBFC The Fund seeks long-term capital appreciation while maintaining an approach consistent with capital preservation.

Why people hold it

IRTR Costs 0.08% a year against a 0.78% median for allocation funds. Roughly a tenth of the going rate for a portfolio-in-a-box.
One line item, global coverage. The fund holds a spread of stock and bond ETFs across asset classes, so the mixing happens inside the wrapper.ishares.com
Distributions come monthly rather than quarterly.
One of the strongest all-in-one allocation funds in its peer group, and the cheapest of that top tier: iShares' own AOA runs 0.19%.

TBFC Rules over hunches. The adviser's systematic models drive the asset mix, including a price-trend signal that raises or lowers international ex-US equity exposure rather than holding it at a fixed weight.sec.gov
0.44%, with no fee waiver propping up the number, and below the median fee among the allocation funds we cover. Unusual pricing for an actively managed, multi-asset strategy.
One ticker, global reach: US, developed international and emerging market equity plus bond exposure, aimed at long-term appreciation in a way consistent with capital preservation.
Delivery matches the mandate closely, and the fund sits in the upper tier of a crowded allocation category on our review. Cash comes back quarterly.

Worth knowing

IRTR Thinly traded. Spreads can run wider than on household-name ETFs, so limit orders matter more here.
Launched in 2023, so the track record is short and the fund is still building scale.
Conservative by construction: it is built to move less than an all-stock portfolio, and that cuts in both directions.ishares.com

TBFC You're paying for the overlay. Static index allocation funds like UCBG (0.06%) and IRTR (0.08%) hold set weights for a fraction of the cost.
Thinly traded next to the category's index giants, so spread and order type matter more than they would in a household-name allocation ETF.
Launched in 2024, so the models have a short live record, and a shifting mix means it can look quite different from a fixed 60/40 blend at any given time.

Full IRTR profile⁠

Full TBFC profile⁠

IRTR vs TBFC Holdings

How IRTR and TBFC differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of IRTR and 0.0% of TBFC.

Level by level

Holdings0 in both0.0%
Countryby domicile93.0%
Sector11 Sectors94.8%

Sector

Sector weights in IRTR and TBFC, widest gap first
Sector	More in IRTRMore in TBFC	IRTR	TBFC
Technology	IRTR +1.8 points	30.5%	28.7%
Energy	TBFC +1.7 points	4.6%	6.3%
Utilities	IRTR +1.6 points	3.9%	2.3%
Health Care	TBFC +1.2 points	8.2%	9.4%
Materials	TBFC +0.9 points	3.5%	4.4%
Consumer Staples	TBFC +0.7 points	4.2%	4.9%
Financials	TBFC +0.6 points	14.7%	15.3%
Communication	IRTR +0.7 points	7.3%	6.7%
Real Estate	IRTR +0.5 points	3.2%	2.7%
Industrials	IRTR +0.5 points	11.9%	11.4%
Consumer Discretionary	TBFC +0.1 points	7.9%	8.0%

Country, concentration and asset class

Country by domicile

Country weights in IRTR and TBFC, widest gap first
Country	More in IRTRMore in TBFC	IRTR	TBFC
United States	IRTR +4.9 points	92.7%	87.8%
South Korea	TBFC +0.8 points	0.0%	0.8%
Canada	IRTR +0.8 points	1.6%	0.8%
Switzerland	TBFC +0.7 points	0.0%	0.7%
United Kingdom	IRTR +0.5 points	1.7%	1.2%
Australia	TBFC +0.5 points	0.0%	0.5%
Other countries (34)	TBFC +4.2 points	4.0%	8.2%

Concentration

Weight in the 10 largest Holdings

IRTR10.0%
TBFC71.3%

Securities held

IRTR29,043
TBFC26

Asset class

IRTR: Multi-Asset
TBFC: Multi-Asset

Holdings

Only in IRTR29,043
In both0
Only in TBFC26

Only in IRTR

29,043 securities, 99.5% of IRTR by weight

Apple1.69%
NVIDIA1.62%
Microsoft1.31%
Treasury Note 1.38% 11/15/2031 (Tnote)1.28%
Amazon.com Inc0.79%
Treasury Note 2.63% 02/15/2029 (Tnote)0.76%
Alphabet Class A0.55%
Treasury Note 3.13% 11/15/2028 (Tnote)0.54%
Treasury (Cpi) Note 1.13% 10/15/2030 (Tips)0.54%
Treasury (Cpi) Note 1.25% 04/15/2031 (Tips)0.54%
Taiwan Semiconductor Manufacturing0.53%
Treasury (Cpi) Note 1.63% 04/15/2030 (Tips)0.52%
Broadcom Inc0.51%
Treasury (Cpi) Note 1.63% 10/15/2029 (Tips)0.51%
Treasury Note 2.75% 02/15/2028 (Tnote)0.50%
Treasury (Cpi) Note 2.13% 04/15/2029 (Tips)0.49%
Treasury (Cpi) Note 2.38% 10/15/2028 (Tips)0.49%
Treasury (Cpi) Note 1.63% 10/15/2027 (Tips)0.48%
Treasury (Cpi) Note 1.25% 04/15/2028 (Tips)0.47%
Treasury (Cpi) Note 0.13% 04/15/2027 (Tips)0.47%
Treasury (Cpi) Note 0.13% 01/15/2031 (Tips)0.46%
Treasury (Cpi) Note 0.13% 07/15/2031 (Tips)0.46%
Meta Platforms Class A0.46%
Alphabet Class C0.45%
Treasury (Cpi) Note 0.13% 07/15/2030 (Tips)0.44%
Treasury (Cpi) Note 0.38% 07/15/2027 (Tips)0.43%
Treasury (Cpi) Note 0.50% 01/15/2028 (Tips)0.43%
Treasury Bond 2.50% 05/15/2046 (Tbond)0.42%
Treasury Note 2.88% 05/15/2028 (Tnote)0.42%
Treasury Bond 3.75% 11/15/2043 (Tbond)0.41%
Treasury (Cpi) Note 0.13% 01/15/2030 (Tips)0.40%
Treasury Bond 2.75% 11/15/2042 (Tbond)0.40%
Tesla Inc0.40%
Eli Lilly0.38%
Treasury (Cpi) Note 0.38% 01/15/2027 (Tips)0.37%
Treasury (Cpi) Note 0.75% 07/15/2028 (Tips)0.36%
Treasury Bond 6.13% 11/15/2027 (Tbond)0.36%
Treasury (Cpi) Note 0.25% 07/15/2029 (Tips)0.36%
Berkshire Hathaway Inc Class B0.34%
Treasury Bond 1.88% 02/15/2051 (Tbond)0.34%
Micron Technology0.34%
Treasury (Cpi) Note 0.88% 01/15/2029 (Tips)0.31%
Treasury Note 4.00% 05/31/2028 (Tnote)0.31%
JPMorgan Chase & Co0.30%
Treasury Note (Old) 4.38% 05/15/2036 (Tnote)0.28%
Treasury Note 2.38% 05/15/2029 (Tnote)0.28%
Advanced Micro Devices0.28%
Treasury Note 4.00% 05/31/2030 (Tnote)0.26%
Exxonmobil Holdings Corp0.26%
Treasury Note 4.00% 02/29/2028 (Tnote)0.25%

Only in TBFC

26 securities, 99.8% of TBFC by weight

Vanguard Intermediate-Term Treasury ETF15.10%
iShares 0-1 Year Treasury Bond ETF14.96%
Vanguard Intermediate-Term Corporate Bond ETF9.83%
State Street SPDR Portfolio S&P 500 ETF7.78%
Invesco S&P 500 Momentum ETF4.60%
Vanguard Morningstar Growth ETF4.22%
Vanguard Morningstar Mega Cap Growth ETF4.20%
Invesco RAFI US 1000 ETF3.79%
Vanguard Short-Term Inflation-Protected Securities ETF3.65%
Vanguard Long-Term Treasury ETF3.16%
Vanguard Short-Term Corporate Bond ETF3.03%
State Street SPDR Portfolio S&P 600 Small Cap ETF2.59%
State Street SPDR Portfolio S&P 400 Mid Cap ETF2.51%
Xtrackers USD High Yield Corporate Bond ETF2.41%
iMGP DBi Managed Futures Strategy ETF2.38%
SPDR Gold MiniShares Trust2.19%
iShares MSCI EAFE Min Vol Factor ETF1.75%
Schwab Fundamental International Equity ETF1.66%
Dimensional International Value ETF1.66%
Dimensional International Core Equity 2 ETF1.65%
Dimensional Emerging Markets Value ETF1.63%
Avantis International Small Cap Value ETF1.61%
State Street SPDR S&P 500 ETF Trust1.48%
Columbia EM Core ex-China ETF1.40%
Vanguard Short-Term Bond ETF0.31%
First American Treasury Obligations Fund 01/01/20400.29%

Weight gaps

IRTR and TBFC share no securities.

All IRTR holdings⁠All TBFC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IRTR vs TBFC Cost

Overpaying TBFC vs IRTR

$7,163

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

IRTR 0.08%
$1,689
TBFC 0.44%
$8,852

Amount$10,000

Years30 years

Cost over time

IRTR 0.08%
TBFC 0.44%
Overpaying

Year by year

Year	IRTR	TBFC	Overpaying
10	$147	$794	$647
20	$575	$3,061	$2,486
30	$1,689	$8,852	$7,163

Expense ratio

0.08%IRTR, cheaper
0.44%TBFC

IRTR0.08%TBFC0.44%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

IRTR 2nd cheapest of 37 funds

TBFC 14th cheapest of 37 funds

IRTR vs TBFC Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IRTR 3.17%; TBFC 3.18%, better
Payout (12M): IRTR $1.00; TBFC $0.91
Last payment: IRTR $0.08; TBFC $0.21
Ex-dividend: IRTR Oct 2, 2026; TBFC Sep 24, 2026
Paid on: IRTR Oct 7, 2026; TBFC Sep 25, 2026
Frequency: IRTR Monthly; TBFC Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

IRTRMonthly · 35 paymentsAll IRTR payments⁠

TBFCQuarterly · 11 paymentsAll TBFC payments⁠

IRTR vs TBFC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IRTR 7.3%TBFC 6.3%since Feb 2024
Return per unit of riskSharpe ratio, 3 years: IRTR 1.14TBFC 0.54since Feb 2024
Worst fallMax drawdown, 5 years: IRTR −6.3%since Oct 2023TBFC −8.9%since Jan 2024
Market sensitivityBeta, 5 years: IRTR 0.47TBFC 0.47; Market = 1

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