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Wednesday, August 19, 2026The Morning Brief →Sign in
IBTHISharesINDEX

iShares iBonds Dec 2027 Term Treasury ETF

$22.36-0.02% today
222352-WK

The fund will invest at least 80% of its assets in the component securities of the underlying index, and will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the fund track the underlying index. The underlying index consists of publicly-issued U.S. Treasury securities that are scheduled to mature between January 1, 2027 and December 15, 2027, inclusive. It is non-diversified.

Price & daily flows
22.522.422.322.36DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$658M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$91M of net buying over the past month, about 3.9% of the fund's asset base, while the price has returned -0.5% so far this year. At 0.070% a year it is not the cheapest way in — AGG runs the same ground at 0.03%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$2.3Bassets under management
0.070%expense ratio · $7 per $10,000 a year
+$91Mnet flow, trailing month
473Kavg daily volume, 30 days
27holdings · US-domiciled
2020listed February 24, 2020 · beta 0.01
The book at a glance
2.9%2.8%2.7%2.7%2.7%2.7%2.7%2.7%2.7%2.7%2.7%2.7%2.4%2.3%2.3%2.3%2.3%2.3%2.3%2.3%2.3%2.2%2.2%2.1%2.0%2.0%1.9%1.8%1.8%1.8%1.8%1.8%1.8%1.8%1.8%1.8%1.8%1.8%1.8%1.7%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1TREASURY NOTE2.93%
2TREASURY NOTE2.77%
3TREASURY NOTE2.74%
4TREASURY NOTE2.73%
5TREASURY NOTE2.71%
6TREASURY NOTE2.71%
7TREASURY NOTE2.71%
8TREASURY NOTE2.71%
9TREASURY NOTE2.70%
10TREASURY NOTE2.70%
11TREASURY NOTE2.69%
12TREASURY NOTE2.69%
13TREASURY NOTE2.37%
14TREASURY NOTE2.34%
15TREASURY NOTE2.34%

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Sector weights
Treasury99.9%
Cash and/or Derivatives0.1%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+0.1%
1 month+0.0%
3 months-0.0%
6 months-0.6%
YTD-0.5%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$52M
1 month+$91M
3 months+$178M
YTD+$390M
1 year+$658M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
AugSepOctNovDecJanFebMarAprMayJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
1%realized volatility, 30 days (annualized)
1%realized volatility, 1 year
-1.1%deepest fall from a peak, 1 year
-0.8%where it sits vs. that peak today

The top holding is 2.9% of the book; the top ten carry 27%. Spread across 52+ names, it behaves like roughly 46 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against IBTH

Due diligence cuts both ways. These funds sit on the same shelf and beat IBTH on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
STIP iShares 0-5 Year TIPS Bond ETF0.03%$16B+$288M-4bp on fee · 7× the assets · +$288M in over the monthHead-to-head
MBB iShares MBS ETF0.04%$39B+$26M-3bp on fee · 17× the assets · +$26M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-3bp on fee · 10× the assets · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-3bp on fee · 8× the assets · +$312M in over the monthHead-to-head
MUB iShares National Muni Bond ETF0.05%$45.8B+$585M-2bp on fee · 20× the assets · +$585M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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