# iShares USD Treasury Bond 20+yr UCITS ETF (IBTL) **Source:** https://fundology.uk/fund/ibtl · ISIN IE00BSKRJZ44 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 30/09/2026, IBTL (iShares USD Treasury Bond 20+yr UCITS ETF, ISIN IE00BSKRJZ44) closed at £2.18 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the five years to 30/09/2026 its total return was −33.4%, or −47.9% after UK CPIH inflation. ## Summary iShares USD Treasury Bond 20+yr UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2015. It tracks the US Treasury 20+ Year Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.07% a year — about £7 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. Latest close: **£2.18** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | IBTL | | ISIN | IE00BSKRJZ44 | | Category | Government bonds | | Type | ETF | | Provider | iShares | | Tracks | US Treasury 20+ Year Index | | Income | Distributing | | Ongoing charge | 0.07% a year (£7 per £10,000) | | Fund size | £527m | | Launched | 2015 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -7.11% | -10.03% | income reinvested | | 3 years | -7.17% | -16.23% | income reinvested | | 5 years | -33.39% | -47.93% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares USD Treasury Bond 20+yr UCITS ETF in pounds (price only, income paid out not included): 2022 −24.3%, 2023 −7.2%, 2024 −10.5%, 2025 −6.8%; 2026 to 30/09/2026 −8.8%. Returns of iShares USD Treasury Bond 20+yr UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −11.6%; to 30/09/2025: −9.5%; to 30/09/2024: +0.8%; to 30/09/2023: −21.8%; to 30/09/2022: −14.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -24.3% | -30.7% | Price | | 2023 | -7.2% | -10.9% | Price | | 2024 | -10.5% | -13.6% | Price | | 2025 | -6.8% | -10.0% | Price | | 2026 to 30/09/2026 | -8.8% | -11.3% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 9.90% | -15.01% | | 3 years | 13.36% | -24.53% | | 5 years | 14.54% | -49.73% | ## Largest fall Volatility of iShares USD Treasury Bond 20+yr UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 9.9% over 1 year, 13.4% over 3 years, 14.5% over 5 years. Largest fall in the price of iShares USD Treasury Bond 20+yr UCITS ETF since October 2021, in pounds: −49.7% from 03/12/2021 to 30/09/2026. The lowest 12-month return of iShares USD Treasury Bond 20+yr UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −25.8% (12 months to 02/12/2022); the highest was +5.4% (12 months to 04/03/2022). On 30/09/2026 the price of iShares USD Treasury Bond 20+yr UCITS ETF was 49.7% below its highest weekly close since October 2021 (03/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of iShares USD Treasury Bond 20+yr UCITS ETF 0.07% a year, as of 01/10/2026: 212 of the 274 other government bond funds charge more, 32 the same and 30 less (share classes counted once). ## Funds tracking the same index 4 funds track US Treasury 20+ Year Index, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.10% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares IV PLC - iShares USD Treasury Bond 20+yr UCITS ETF Hedged GBP | 0.10% | -8.5% | -0.7% | -37.4% | | iShares USD Treasury Bond 20+yr UCITS ETF (this fund) | 0.07% | -7.1% | -7.2% | -33.4% | | iShares USD Treasury Bond 20+yr UCITS ETF 1AccumHedged GBP | 0.10% | -8.5% | — | — | | iShares USD Treasury Bond 20+yr UCITS ETF USD (Accumulating) | 0.07% | -7.4% | -7.1% | -34.0% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.07%** per year - ISA eligible: yes - SIPP eligible: yes --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.