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Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

iShares iBonds Dec 2026 Term Treasury ETF

IBTG | ETF

$22.81

$1.09 B

4.17%

$0.95

0.07%

Vitals

YTD Return

3.2%

1 yr return

5.2%

3 Yr Avg Return

-0.4%

5 Yr Avg Return

N/A

Net Assets

$1.09 B

Holdings in Top 10

57.8%

52 WEEK LOW AND HIGH

$22.8
$22.46
$23.10

Expenses

OPERATING FEES

Expense Ratio 0.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 41.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

iShares iBonds Dec 2026 Term Treasury ETF

IBTG | ETF

$22.81

$1.09 B

4.17%

$0.95

0.07%

IBTG - Profile

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.62%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares iBonds Dec 2026 Term Treasury ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Feb 25, 2020
  • Shares Outstanding
    4200000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Mauro

Fund Description

The Fund seeks to meet its investment objective generally by investing in individual securities which satisfy the criteria of the ICE 2026 Maturity US Treasury Index (the “Underlying Index”). The Fund may also invest in short-term paper, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates.
The Fund is a term fund that will terminate on or about December 15, 2026, at which time it will distribute its remaining net assets to shareholders pursuant to a plan of liquidation. The
Fund does not seek to return any predetermined amount at maturity or in periodic distributions. The Underlying Index consists of publicly-issued U.S. Treasury securities that are scheduled to mature between January 1, 2026 and December 15, 2026, inclusive. Qualifying securities are U.S. Treasury notes and bonds having $1 billion or more of outstanding face value, excluding amounts held by the Federal Reserve System Open Market Account “SOMA”). In addition, the securities in the Underlying Index must have a fixed coupon schedule and be denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. However, the amounts outstanding of qualifying securities in the Underlying Index are not reduced by any individual components of such securities (i.e., coupon or principal) that have been stripped after inclusion in the Underlying Index.
The Underlying Index is market value-weighted based on amounts
outstanding reduced by amounts held by the Federal Reserve SOMA. Accrued interest is calculated assuming next-day settlement. The Underlying Index is rebalanced on the last calendar day of the month, based on information available up to and including the third business day before the last business day of the month. New issues must settle on or before the following calendar month end rebalancing date in order to qualify for inclusion for such following month (e.g., an issue must settle on or before November 30 in order to be included in the index on October 31). The securities in the Underlying Index are updated on the last calendar day of each month until six months prior to maturity. Cash flows from bond payments that are received during the month are retained in the Underlying Index until the end of the month and then are removed as part of the rebalancing. Beginning June 30, 2026, the Underlying Index will not remove interest payments and matured securities at each rebalancing but instead will retain those amounts as a growing cash position throughout the remaining life of the Underlying Index.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio
turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market value and industry weightings), fundamental characteristics (such as return variability, duration (i.e., a security's price sensitivity to a change in interest rates), maturity or credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund will invest at least 80% of its assets in the component securities of the Underlying Index, and the Fund will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the Fund track the Underlying Index, in each case except during the last months of the Fund's operations, as described below. The Fund will invest no more than 10% of its assets in futures, options and swaps contracts that BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index.
The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund. In the last months of operation, as the bonds
held by the Fund mature, the proceeds will not be reinvested by the Fund in bonds but instead will be held in cash and cash equivalents. To the extent that the Fund invests in money market or similar funds, it will incur the fees and expenses of such funds. By December 15, 2026, the Underlying Index is expected to consist almost entirely of cash earned in this manner. On or around this date, the Fund will wind up and terminate, and its net assets will be distributed to then-current shareholders pursuant to a plan of liquidation.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index is owned, maintained and administered by ICE Data Indices, LLC (the “Index Provider”or “IDI”), which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
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IBTG - Performance

Return Ranking - Trailing

Period IBTG Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% 0.0% 12.8% 87.70%
1 Yr 5.2% 2.5% 15.6% 91.44%
3 Yr -0.4%* -8.2% 4.0% 87.63%
5 Yr N/A* -6.5% 5.9% 18.67%
10 Yr N/A* 1.7% 5.2% 26.72%

* Annualized

Return Ranking - Calendar

Period IBTG Return Category Return Low Category Return High Rank in Category (%)
2023 0.6% -9.8% 12.8% 98.39%
2022 -10.0% -38.3% -3.8% 11.83%
2021 -3.7% -9.1% 10.3% 82.61%
2020 N/A -13.4% 12.6% N/A
2019 N/A -1.1% 13.9% N/A

Total Return Ranking - Trailing

Period IBTG Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% 0.0% 12.8% 87.70%
1 Yr 5.2% 2.5% 15.6% 91.44%
3 Yr -0.4%* -8.2% 4.0% 87.63%
5 Yr N/A* -6.5% 5.9% N/A
10 Yr N/A* 1.7% 5.2% N/A

* Annualized

Total Return Ranking - Calendar

Period IBTG Return Category Return Low Category Return High Rank in Category (%)
2023 4.3% -9.8% 15.4% 92.47%
2022 -8.2% -16.9% -2.9% 17.74%
2021 -3.0% -3.8% 10.3% 97.83%
2020 N/A -13.4% 16.6% N/A
2019 N/A 4.7% 25.2% N/A

IBTG - Holdings

Concentration Analysis

IBTG Category Low Category High IBTG % Rank
Net Assets 1.09 B 3.58 M 35.6 B 16.58%
Number of Holdings 29 2 1478 34.22%
Net Assets in Top 10 711 M 2.94 M 35.5 B 19.25%
Weighting of Top 10 57.80% 4.6% 124.2% 82.68%

Top 10 Holdings

  1. U.S. Treasury Notes 6.61%
  2. U.S. Treasury Notes 6.59%
  3. U.S. Treasury Notes 6.45%
  4. U.S. Treasury Notes 6.37%
  5. U.S. Treasury Notes 6.09%
  6. U.S. Treasury Notes 5.91%
  7. U.S. Treasury Notes 5.38%
  8. U.S. Treasury Notes 5.16%
  9. U.S. Treasury Notes 5.13%
  10. U.S. Treasury Notes 4.11%

Asset Allocation

Weighting Return Low Return High IBTG % Rank
Bonds 		98.63% 0.00% 109.30% 7.49%
Cash 		1.37% -24.70% 53.61% 48.66%
Stocks 		0.00% 0.00% 100.15% 73.80%
Preferred Stocks 		0.00% 0.00% 11.70% 15.51%
Other 		0.00% 0.00% 5.62% 36.90%
Convertible Bonds 		0.00% 0.00% 6.56% 87.17%

Bond Sector Breakdown

Weighting Return Low Return High IBTG % Rank
Government 		99.70% 0.00% 99.79% 1.60%
Cash & Equivalents 		0.81% 0.00% 80.50% 48.13%
Derivative 		0.00% 0.00% 0.17% 34.22%
Securitized 		0.00% 0.00% 81.91% 84.49%
Corporate 		0.00% 0.00% 99.84% 90.37%
Municipal 		0.00% 0.00% 99.98% 83.96%

Bond Geographic Breakdown

Weighting Return Low Return High IBTG % Rank
US 		98.63% 0.00% 109.30% 7.49%
Non US 		0.00% 0.00% 4.29% 19.25%

IBTG - Expenses

Operational Fees

IBTG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.07% 0.05% 13.27% 97.31%
Management Fee 0.07% 0.00% 0.79% 33.71%
12b-1 Fee N/A 0.00% 1.00% 3.92%
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

IBTG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

IBTG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IBTG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 0.00% 121.26% 73.25%

IBTG - Distributions

Dividend Yield Analysis

IBTG Category Low Category High IBTG % Rank
Dividend Yield 4.17% 0.00% 9.37% 19.25%

Dividend Distribution Analysis

IBTG Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

IBTG Category Low Category High IBTG % Rank
Net Income Ratio 0.62% -0.06% 5.71% 95.43%

Capital Gain Distribution Analysis

IBTG Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Semi-Annually

Distributions History

View More +

IBTG - Fund Manager Analysis

Managers

James Mauro

Start Date

Tenure

Tenure Rank

Feb 25, 2020

2.26

2.3%

Head of San Francisco Fixed Income Core PM at BlackRock, Inc. since 2020; Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2010 to 2014; Vice President of State Street Global Advisors from 2001 to 2010. James Mauro has been employed by BlackRock Fund Advisors and BlackRock Institutional Trust Company, N.A. (“BTC”) as a portfolio manager since 2011. Prior to joining BTC, Mr. Mauro was a Vice President at State Street Global Advisors. His primary responsibilities include management of all government, inflation linked and derivative strategies. Other responsibilities include hedging and managing risk across all asset classes through futures and option overlays. James joined State Street Corporation in 1993. Previously, he worked as a portfolio manager on the passive team where he co-managed several Bond Index portfolios.

Karen Uyehara

Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Ms. Uyehara is a Director of BlackRock, which she joined in 2010. Ms. Uyehara is a portfolio manager and member of BlackRock’s Model-Based Fixed Income Portfolio Management Group. Prior to joining BlackRock, Ms. Uyehara was a portfolio manager at Western Asset Management Company from2002 to 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 6.48 3.75

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