iShares iBonds Dec 2028 Term Treasury ETF
IBTI
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- iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is an exchange-traded fund that seeks to track the investment results of an index composed of U.S. Treasury bonds maturing in 2028, specifically the ICE 2028 Maturity US Treasury Index; the portfolio primarily holds U.S. Treasury notes with maturities between January and December 2028, including key holdings such as USA Notes 2.875% 15aug2028, USA Notes 2.875% 15may2028, and USA Notes 4.25% 15jan2028, alongside minor cash positions. Issued by BlackRock under the iShares brand and managed within iShares Trust, the ETF targets investors seeking predictable fixed-income exposure with a defined termination date in December 2028, when the fund liquidates and distributes proceeds. Launched on February 25, 2020, and headquartered in Wilmington, Delaware as part of BlackRock's U.S. operations, IBTI operates exclusively in U.S. markets with assets under management reaching approximately $1.30 billion. The ETF maintains a low expense ratio of 0.07%, features an effective duration of around 2.56 years and a weighted average maturity of 2.69 years, and distributes monthly income from its Treasury holdings. It serves conservative investors, financial advisors building bond ladders, and institutions matching liabilities through its target-maturity structure, with geographic focus limited to U.S. Treasury securities denominated in USD. In recent developments, BlackRock expanded the broader iShares iBonds ETF suite in November 2024 with the launch of eight new UCITS ETFs focused on investment-grade corporate bonds across various European countries and sectors, extending maturities to 2034 and enhancing fixed-maturity options for international investors. Domestically, IBTI has shown steady asset growth amid favorable Treasury yield environments, with analysts noting bullish outlooks for Q2 2025 driven by stable yields and demand for safe-haven assets; no fund-specific acquisitions, mergers, or strategic shifts have been reported in the last 1-2 years, maintaining its core focus on the 2028 Treasury maturity basket.