IBTP ETF — iShares iBonds Dec 2034 Term Treasury ETF

iShares iBonds Dec 2034 Term Treasury ETF (IBTP)

Updated October 16, 2026.

IBTP is a low-cost ETF. its distribution rate is 4.10%, its trailing-12-month yield is 4.18%, its expense ratio is 0.07%. Dividend Vision Distribution Safety Score™ is 89/100 (Safe). Total return is 5.5% over the past 2.3 years, 39.7 points behind SPY at 45.2%.

iShares iBonds Dec 2034 Term Treasury ETF is an ETF that holds U.S. Treasury securities scheduled to mature between January 2034 and December 2034, providing exposure to a defined maturity bucket within the Treasury market. The fund currently carries a high distribution rate and pays distributions monthly, with an expense ratio of 0.07%. It appeals to income-focused investors seeking regular distributions from Treasury securities with a specific maturity timeline.

IBTP performance versus SPY

Price and return data through 2026-10-16.

Total return is 5.5% over the past 2.3 years, 39.7 points behind SPY at 45.2%. Over the past year its total return — price change plus distributions reinvested — is -3.4%. Its deepest 1-year drawdown was 6.5%.

IBTP key facts

Distribution Safety Score™

89 · Safe

Safety-Adjusted Yield

3.65%

Issuer

iShares

Asset type

ETF

Asset class

Fixed Income

Inception date

06/11/2024

Expense ratio

0.07%

Distribution rate

4.10%

Distribution frequency

Monthly

Trailing yield

4.18%

Last close

$24.32 (as of 2026-10-16)

AUM

$319,614,493

Average volume

69823.0

Dividend

$0.08303

Ex-dividend date

10/01/2026

Payment date

10/06/2026

How Dividend Vision calculates yield and returns

Distribution rate (4.10%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.18%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

IBTP risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 6.5%.

Who may consider IBTP — and who may not

IBTP may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on IBTP

• All tickers starting with I

Tagged: Fixed Income, Treasury.

Frequently asked questions

More securities from iShares.