At a glance
BBIB charges 0.04% a year, below the 0.1% average of the 7 funds most like it (the 3rd cheapest of 8). It has $54.0M in assets, the 8th largest of that group; it paid 4.06% of its price in distributions over the past 12 months, monthly. Over the past year it returned −1.3% with distributions reinvested, 7th of those 8 funds; over three years it returned +4.2% a year. Its ten largest positions make up 24.4% of the fund, out of 82 in all.
The short version
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) is an index fund that tracks the ICE U.S. Treasury 3-10 Year Bond Index. It holds U.S. Treasury notes that mature in more than three and up to ten years. Its 0.04% expense ratio is well below the 0.10% average of similar funds, though Vanguard's VGIT charges 0.03%. BBIB is also small, with $54 million in net assets as of August 31, 2026.
Price history
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BBIB -1.3% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| BBIB official prospectus, to Dec 31, 2025 | — | +7.39% | — | — | — | +3.85% |
| BBIB price data to Oct 27, 2026 | -1.4% | -1.3% | +4.2% | — | — | +2.4% |
- Over the year to Oct 27, 2026, BBIB returned -1.3%, 7th of 8 among similar funds.
- Its worst full calendar year was 2024 (+1.3%); its best was 2025 (+7.4%).
- The deepest fall in its price history was 6.4% (May 4, 2023 to Oct 19, 2023), recovered by Dec 27, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -1.4% | — |
| 2025 | +7.4% | +7.39% |
| 2024 | +1.3% | +1.36% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $2.8500 | |
| 2025 | $3.9200 | +8.9% |
| 2024 | $3.6000 |
What's inside
As of Aug 31, 2026, the fund held 82 securities; the ten largest made up 24.44% of assets.
| Holding | Weight | |
|---|---|---|
| United States of America Bonds and notes | 2.60% | |
| United States of America Bonds and notes | 2.60% | |
| United States of America Bonds and notes | 2.57% | |
| United States of America Bonds and notes | 2.55% | |
| United States of America Bonds and notes | 2.51% | |
| United States of America Bonds and notes | 2.39% | |
| United States of America Bonds and notes | 2.35% | |
| United States of America Bonds and notes | 2.35% | |
| United States of America Bonds and notes | 2.28% | |
| United States of America Bonds and notes | 2.24% | |
| United States of America Bonds and notes | 2.21% | |
| United States of America Bonds and notes | 2.20% | |
| United States of America Bonds and notes | 2.17% | |
| United States of America Bonds and notes | 2.13% | |
| United States of America Bonds and notes | 2.09% |
By country
United States 98.63%By issuer
US Treasury 98.63%The bonds mature in 5.5 years on average (weighted by size), with an average coupon of 3.45%.
Source: N-PORT holdings report as of Aug 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Aug 31, 2026, investors added a net $8.8M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.13%, -0.73%, +0.10%.
How it works
BBIB follows the ICE U.S. Treasury 3-10 Year Bond Index, built by ICE Data Indices, LLC. The index includes fixed-rate, U.S. dollar Treasury debt with more than three and up to ten years left until it matures. It leaves out inflation-protected Treasuries, floating-rate notes, Treasury bills and government agency debt. Each bond is weighted by its market value, so larger issues count for more. The index's dollar-weighted average maturity was 5.6 years as of May 29, 2026.
The fund doesn't buy every bond in the index. It uses "representative sampling," which means holding a selection of bonds that together match the index's yield, maturity mix, liquidity and duration. Duration measures how much a bond's price reacts to changes in interest rates. The fund must keep at least 80% of its assets in bonds from the index. As of August 31, 2026, it held 82 Treasury issues, 98.6% of assets were in Treasury notes and 0.7% was in cash. No single note was more than about 2.6% of the fund, and the top 10 made up 24.4%.
The portfolio is rebalanced monthly, in step with the index. As bonds fall to three years or less from maturity, they leave the index and get replaced. Turnover was 38%. The fund is passive, so it won't make defensive moves when rates jump. When rates rise, its price falls.
What it really costs
- BBIB charges 0.04% a year, versus an average of 0.1% for the similar funds below (3rd of 8, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $4 in the first year and $51 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| BBIB | $4 | $13 | $23 | $51 |
Structure and tax notes
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
It holds only U.S. Treasury notes, and its one-year beta of 0.07 shows it barely moved with the stock market.
BBIB has a short track record. It launched on April 19, 2023, so it did not exist during the 2008 crisis, the 2020 COVID crash or the 2022 bear market, when rising rates hit bonds hard. Its deepest drop was 6.4%, from May 4 to October 19, 2023. It made that back by December 27, 2023, about two months later. Its weakest full calendar year, 2024, was still a 1.36% gain. Even so, rising rates can push its price down: it was down 1.45% in 2026 through October 27. Anyone who has to sell shares in a stretch like that would lock in the loss. Its trailing 12-month yield was 4.06% as of October 27, 2026, and it pays monthly, so some income can come without selling shares. In the SEC's standard example, $10,000 would cost $4 in fees over one year and $51 over ten. Past results don't predict future ones, and a plan has to look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Cost-conscious investors who want plain intermediate-term Treasury exposure for 0.04% a year, compared with a 0.10% average among similar funds.
- Retirees who want monthly income from U.S. government debt rather than corporate bonds. The trailing yield was 4.06% as of October 27, 2026.
- Investors who want ballast against stocks: its one-year beta was 0.07, and its deepest drop since its 2023 launch was 6.4%.
Look elsewhere if
- Investors who prefer a large, established fund: BBIB had $54 million in assets, against $48.4 billion for VGIT, which charges 0.03%.
- Those who want protection from inflation. The index excludes inflation-protected Treasuries, so rising prices can wear away the value of its fixed payments.
- Anyone uneasy about rate-driven losses. It fell 1.45% in 2026 through October 27 and has no record from a rate shock like 2022.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
| Fund | Avg. maturity | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| BBIB this fund | 5.5 yrs | 0.04% | $54.0M | -1.3% | +4.2% |
| VGIT Vanguard Intermediate-Term Treasury ETF | 5.5 yrs | 0.03% | $48.41B | -0.2% | +4.5% |
| IEI iShares 3-7 Year Treasury Bond ETF | 4.7 yrs | 0.15% | $17.68B | -0.4% | +4.0% |
| GOVT iShares U.S. Treasury Bond ETF | 7.4 yrs | 0.05% | $43.55B | -0.5% | +3.8% |
| IEF iShares 7-10 Year Treasury Bond ETF | 8.4 yrs | 0.15% | $41.82B | -1.7% | +4.0% |
| VGSH Vanguard Short-Term Treasury ETF | 1.9 yrs | 0.03% | $39.20B | +2.2% | +4.2% |
| SHY iShares 1-3 Year Treasury Bond ETF | 1.9 yrs | 0.15% | $25.91B | +1.7% | +3.9% |
| USFR WisdomTree Floating Rate Treasury Fund | 1.5 yrs | 0.15% | $18.76B | +4.1% | +4.6% |
Questions investors ask
Does BBIB pay monthly dividends?
Yes. BBIB pays income monthly. Over the 12 months to October 27, 2026, it paid $3.86 per share, a trailing yield of 4.06%. The money comes from interest on the Treasury notes it holds, whose average coupon (the fixed interest rate a bond pays) was 3.45% as of August 31, 2026. Monthly amounts can change as the fund's holdings and interest rates change.
What's the difference between BBIB and VGIT?
They are very similar. Both hold intermediate-term U.S. Treasuries with an average maturity of 5.5 years as of August 31, 2026. VGIT is cheaper at 0.03% a year against BBIB's 0.04%, and much larger, at $48.4 billion against $54 million. VGIT's three-year annualized return was 4.5% as of October 30, 2026. BBIB's was 4.2% as of October 27, 2026. Larger funds often trade more heavily, which some investors value.
Is BBIB a safe investment?
Its credit risk is low, but its price can still fall. BBIB holds U.S. Treasury notes, which are backed by the full faith and credit of the United States. That guarantee covers only timely interest and principal payments for bonds held to maturity. The fund's market price moves with interest rates. It fell 6.4% between May and October 2023. It is not a bank deposit and is not FDIC insured.
What is BBIB's expense ratio?
BBIB's expense ratio is 0.04% a year, according to its prospectus filed June 23, 2026. That is the fund's management fee, with no waiver. In the SEC's standard example, which assumes $10,000 invested with a 5% annual return, you would pay about $4 in costs after one year, $13 after three, $23 after five and $51 after ten. That is below the 0.10% average of similar Treasury funds.
How has BBIB performed since it launched?
Its returns have been modest and steady, in line with intermediate Treasuries. The prospectus reports 1.36% for 2024 and 7.39% for 2025. It also reports a 3.85% average annual return from launch through December 31, 2025. Based on market prices, its three-year annualized return was 4.2% as of October 27, 2026, and it was down 1.45% in 2026 through that date. Its strongest quarter gained 4.74%, and its weakest lost 2.85%, both in 2024.