TIP

iShares TIPS Bond ETF

iShares TIPS ETF is an exchange-traded fund incorporated in the USA. The ETF will track the Barclays Capital US Treasury Inflation Notes Index. The Index measures the performance of inflation protected public obligation of the US Treasury, also known as "TIPS".


Inflation Protected

FIXED INCOME

Passive

MANAGEMENT STYLE

18.3 B

ASSETS UNDER MGMT

19 bp

EXPENSES
Fund Basics
Fund sponsorBlackRock Fund Advisors
CategoryInflation Protected
Asset classFixed Income
Websitelink...
Inception dateDec 04, 2003
Assets (mns)$18,330
Expense ratio19 bp
Constituent Breakdown
No. of constituents34
No. of distinct issuers2
Coverage99%
Fixed/floating rate100% / 0%
Investment grade100%
Inflation protected99%
Non-standard maturity (callable, etc.)43%
Fund Structure
RegulationOpen-End Investment Company
DistributionsMonthly
Taxation1099
Bond selection
WeightingMarket Cap
Smart-betaNo
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
GOVERNMENT OF THE U.S. OF AMERICA 0.125% 4.2 %
GOVERNMENT OF THE U.S. OF AMERICA 0.625% 3.9 %
GOVERNMENT OF THE U.S. OF AMERICA 0.125% 3.7 %
U.S. TREASURY NOTES 0.625% 15-JAN-2026 3.7 %
GOVERNMENT OF THE U.S. OF AMERICA 0.125% 3.6 %
GOVERNMENT OF THE U.S. OF AMERICA 0.125% 3.6 %
GOVERNMENT OF THE U.S. OF AMERICA 1.125% 3.6 %
GOVERNMENT OF THE U.S. OF AMERICA 1.625% 3.6 %
GOVERNMENT OF THE U.S. OF AMERICA 0.125% 3.4 %
GOVERNMENT OF THE U.S. OF AMERICA 0.125% 3.3 %
Issuer Type Breakdown
Top Issuers
U.S. TREASURY 99.1 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 4.2% 9.2% 5.3% -0.7% 2.4% 2.4% 3.6%
Volatility 5.1% 5.9% 7.5% 7.3% 7.2% 5.9% --
Market Correlations
versus...BetaR-squared
S&P 5000.3365%
MSCI EAFE0.3259%
MSCI Emg Mkts0.2536%
Liquidity Measures
Avg. volume (000)1,743
Turnover0.0%
Avg. Bid/Ask (% of price)0.01%
ADV of underlying (mns)$0
Technical Indicators
Recent close$109.37
30d moving avg.$110.05
Annualized volatility7.3%
Relative strength (RSI)55
Short interest (ETF)3.1%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Credit Quality
Duration
Macaulay Duration
SHORT
MED.
LONG TERM

7.6 yrs


Modified Duration
  ◁ INSENSITIVE
EXTREMELY SENSITIVE ▷  

7.6%


Our analysis shows this fund is likely to be moderately sensitive to changes in interest rates

Interest Rate Sensitivity Analysis
Change
in YTM
New
YTM
Est. Price
Change
New
Price
+300 bp --% --% $--
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+50 bp --% --% $--
+25 bp --% --% $--
0 bp --% --% $--
-25 bp --% --% $--
-50 bp --% --% $--
-75 bp --% --% $--
-100 bp --% --% $--
-150 bp --% --% $--
-200 bp --% --% $--
- 300bp --% --% $--

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Yields
Disposition of YTM
Distribution Yield (Trailing 12 Months)

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ETF Research Center Fund Rating

The ALTAR Score™ is our measure of an ETF's overall investment merit. For fixed income funds, the Score is an estimate of risk-adjusted yield to maturity (calculation shown below). In effecient markets, the plot of ALTAR Scores™ vs. Duration should resemble the familiar yield curve. Funds that sit above the curve may offer better risk-adjusted returns than those that sit below the curve.


ALTAR Score™

TIP

2.5%

Cat. Avg

2.5%

Fund Category: Inflation Protected

Adj. Yield to Maturity-- bp
Less: Annual "default factor"-- bp
Less: Expenses19 bp
Equals: ALTAR Score™2.5%
ALTAR Score™ vs. Duration (Inflation Protected Bond ETFs)
Expense Analysis

Peer Group Passive
Inflation Protected Fixed Income ETFs
# of ETFs 5
Avg. Expense Ratio 16.6 bp
Std. Deviation 6.3 bp
TIP (19 bp) Percentile rank 65
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
TIP 19.0 1.0 20
Peer Avg. 33.3 29.0 62.4
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .