# iShares USD Treasury Bond 7-10yr UCITS ETF (IBTM) **Page:** https://fundology.uk/fund/ibtm · ISIN IE00B1FZS798 ## 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 13/11/2026, IBTM (iShares USD Treasury Bond 7-10yr UCITS ETF, ISIN IE00B1FZS798) closed at £125.68 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the five years to 13/11/2026 its total return was −5.9%, or −26.5% after UK CPIH inflation. ## Summary iShares USD Treasury Bond 7-10yr UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2006. It tracks the ICE BofA US Treasury (7-10 Y). 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: **£125.68** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | IBTM | | ISIN | IE00B1FZS798 | | Also listed as | IDTM (London Stock Exchange, US dollars), IUSM (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | iShares | | Tracks | ICE BofA US Treasury (7-10 Y) | | Income | Distributing | | Ongoing charge | 0.07% a year (£7 per £10,000) | | Fund size | £3.0bn | | Launched | 2006 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 10/07/2010 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -2.94% | -6.38% | income reinvested | | 3 years | +2.86% | -7.07% | income reinvested | | 5 years | -5.86% | -26.52% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares USD Treasury Bond 7-10yr UCITS ETF in pounds (price only, income paid out not included): 2022 −6.5%, 2023 −5.3%, 2024 −1.7%, 2025 −4.5%; 2026 to 13/11/2026 −3.0%. Returns of iShares USD Treasury Bond 7-10yr UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.5%; to 30/09/2025: −2.2%; to 30/09/2024: −2.5%; to 30/09/2023: −13.0%; to 30/09/2022: +1.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -6.5% | -14.4% | Price | | 2023 | -5.3% | -9.0% | Price | | 2024 | -1.7% | -5.1% | Price | | 2025 | -4.5% | -7.8% | Price | | 2026 to 13/11/2026 | -3.0% | -6.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 7.13% | -9.01% | | 3 years | 8.22% | -11.46% | | 5 years | 9.04% | -23.60% | ## Largest fall Volatility of iShares USD Treasury Bond 7-10yr UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 7.1% over 1 year, 8.2% over 3 years, 9.0% over 5 years. Largest fall in the price of iShares USD Treasury Bond 7-10yr UCITS ETF since November 2021, in pounds: −23.6% from 23/09/2022 to 11/09/2026. The lowest 12-month return of iShares USD Treasury Bond 7-10yr UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −15.0% (12 months to 18/08/2023); the highest was +4.3% (12 months to 23/09/2022). On 13/11/2026 the price of iShares USD Treasury Bond 7-10yr UCITS ETF was 22.2% below its highest weekly close since November 2021 (23/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of iShares USD Treasury Bond 7-10yr UCITS ETF 0.07% a year. Compared on 14/11/2026, 241 of the 311 other government bond funds charge more, 30 the same and 40 less (share classes counted once). ## Funds tracking the same index 5 funds track ICE BofA US Treasury (7-10 Y), this one included and share classes counted once; their ongoing charges range from 0.07% to 0.10% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | iShares USD Treasury Bond 7-10yr UCITS ETF (this fund) | 0.07% | -2.9% | +2.9% | -5.9% | | iShares USD Treasury Bond 7-10yr UCITS ETF AccumHedged GBP | 0.10% | -1.8% | — | — | | iShares USD Treasury Bond 7-10yr UCITS ETF GBP | 0.10% | -1.8% | +11.2% | -9.9% | | iShares USD Treasury Bond 7-10yr UCITS ETF Hedged EUR | 0.10% | -8.5% | +1.5% | -18.5% | | iShares USD Treasury Bond 7-10yr UCITS ETF USD (Acc) USD | 0.07% | -2.1% | +3.9% | -6.2% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.07%** per year - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds As of 06/11/2026, IBTM holds 13 positions, according to its published holdings. The largest is Treasury Note 4.63% 15/02/2035 at 8.76% of the fund; the ten largest make up 85.7%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Treasury Note 4.63% 15/02/2035 | — | 8.76% | | 2 | Treasury Note (Old) 4.38% 15/05/2036 | — | 8.70% | | 3 | Treasury Note 4.25% 15/05/2035 | — | 8.68% | | 4 | Treasury Note 4.25% 15/11/2034 | — | 8.66% | | 5 | Treasury Note 4.38% 15/05/2034 | — | 8.66% | | 6 | Treasury Note 4.00% 15/02/2034 | — | 8.52% | | 7 | Treasury Note 4.25% 15/08/2035 | — | 8.52% | | 8 | Treasury Note (2OLD) 4.13% 15/02/2036 | — | 8.41% | | 9 | Treasury Note 3.88% 15/08/2034 | — | 8.40% | | 10 | Treasury Note 4.00% 15/11/2035 | — | 8.39% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By sector As published for the fund, as of 06/11/2026. | Sector | Weight | |---|---| | Treasury | 100.0% | | Cash and derivatives | 0.1% | ### By type of asset Added up from the fund’s published holdings, as of 06/11/2026. | Type of asset | Weight | |---|---| | Bonds | 99.9% | | Cash and money market | 0.1% | All 15 holdings: https://fundology.uk/fund/ibtm/holdings ## Questions people ask **What is the ongoing charge of IBTM?** The ongoing charge of IBTM 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. Platform and dealing fees are charged separately. Ongoing charge of iShares USD Treasury Bond 7-10yr UCITS ETF 0.07% a year. Compared on 14/11/2026, 241 of the 311 other government bond funds charge more, 30 the same and 40 less (share classes counted once). **What does IBTM track?** IBTM tracks the ICE BofA US Treasury (7-10 Y). **Is IBTM accumulating or distributing?** IBTM is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual. **What is the ISIN of IBTM?** The ISIN of IBTM is IE00B1FZS798. An ISIN identifies one exact share class of a fund; IBTM is its ticker on the London Stock Exchange. The same share class is also listed as IDTM (London Stock Exchange, US dollars) and IUSM (Xetra, euros). **What does IBTM hold?** As of 06/11/2026, IBTM holds 13 positions, according to its published holdings. The largest is Treasury Note 4.63% 15/02/2035 at 8.76% of the fund; the ten largest make up 85.7%. Its ten largest holdings are Treasury Note 4.63% 15/02/2035 (8.76%), Treasury Note (Old) 4.38% 15/05/2036 (8.70%), Treasury Note 4.25% 15/05/2035 (8.68%), Treasury Note 4.25% 15/11/2034 (8.66%), Treasury Note 4.38% 15/05/2034 (8.66%), Treasury Note 4.00% 15/02/2034 (8.52%), Treasury Note 4.25% 15/08/2035 (8.52%), Treasury Note (2OLD) 4.13% 15/02/2036 (8.41%), Treasury Note 3.88% 15/08/2034 (8.40%) and Treasury Note 4.00% 15/11/2035 (8.39%). **What were IBTM’s returns in each of the last five years?** Calendar-year returns of IBTM in pounds (price only, income paid out not included): 2022 −6.5%, 2023 −5.3%, 2024 −1.7%, 2025 −4.5%; 2026 to 13/11/2026 −3.0%. Past performance is not a guide to future returns. **How has IBTM done after inflation?** Over the five years to 13/11/2026 IBTM’s total return was −5.9%, or −26.5% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/251716/ishares-treasury-bond-710yr-ucits-etf) - [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-treasury-bond-7-10yr-ucits-etf-usd-dist-gb-ie00b1fzs798-en.pdf) - [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/ibtm-ishares-treasury-bond-7-10yr-ucits-etf-fund-fact-sheet-en-gb.pdf) - Links checked 12/10/2026. --- 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.