Highlights

  • IBTH follows a defined index Investment mandate.
  • The fund reported 51 holdings on 4 November 2026.
  • Net Assets were approximately USD 2.45 billion on 5 November 2026.
  • The expense ratio is 0.07%, with monthly distributions listed.

iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) seeks to track the ICE 2027 Maturity US Treasury Index. IBTH closed at USD 22.29 on 4 November 2026. Net assets were approximately USD 2.45 billion on 5 November 2026. The fund’s investment universe and the weight of its individual positions define the exposure available through its shares.

Investment mandate and underlying exposure

The fund targets U.S. Treasury bonds maturing in 2027. Its investment universe is defined by both issuer type and calendar year. Multiple Treasury securities can have different coupons and maturity dates while sharing the same government issuer.

The leading disclosed securities mature at different points during 2027, including January, June, October and November. Spreading holdings across issues provides security breadth within the year, but does not create Diversification across unrelated issuers. The portfolio is designed around a specific maturity-year exposure.

Holdings weights and portfolio structure

As of 4 November 2026, The Treasury issue maturing on Jan 31, 2027 represented 2.96%; The Treasury issue maturing on Jun 30, 2027 represented 2.83%; The Treasury issue maturing on Nov 30, 2027 represented 2.74%; The Treasury issue maturing on Oct 31, 2027 represented 2.71%; The Treasury issue maturing on Feb 28, 2027 represented 2.70%; The Treasury issue maturing on Mar 31, 2027 represented 2.70%.

The portfolio reported an effective duration of 0.65 yrs as of 4 November 2026. Duration measures sensitivity to Interest Rate changes; it is different from the date on which an individual bond matures. Holdings are individual securities or other portfolio positions. Several securities can relate to the same issuer, so the reported holdings count should not be read as an equivalent number of independent borrowers.

Fund costs distributions and risks

The listed expense ratio is 0.07%, and distributions are scheduled monthly. Fund distributions can vary with portfolio income and other relevant cash flows. The expense ratio describes a fund-level cost; trading shares can also involve Transaction Costs and a difference between the prices available to buyers and sellers.

Treasury securities can change in Market Value as interest rates move, even when held in a target-year structure. Reinvestment of proceeds and the mix of remaining securities can affect exposure as the target year approaches. The ETF’s traded price and eventual proceeds are not fixed simply by its maturity-year label.

Key Insights

IBTH provides a defined exposure through its benchmark mandate. The leading disclosed securities mature at different points during 2027, including January, June, October and November. The 51 reported holdings, their individual weights and the 0.07% expense ratio are relevant to interpreting the portfolio. The mandate and underlying instruments determine which economic risks remain shared across otherwise separate positions.