IBTG

IBTG is a term Treasury ETF that holds U.S. Treasury notes/bonds scheduled to mature in calendar year 2026, then liquidates and distributes remaining assets around Dec 15, 2026.

It passively tracks a market-value-weighted index and generally keeps at least 90% in U.S. Treasuries, with limited use of derivatives (up to 10%) for tracking.

As it moves closer to its end date, its interest-rate sensitivity (duration) and yield-to-maturity will typically trend lower.