What is STIP?

STIP tracks a market-value-weighted index of US Treasury Inflation-Protected Securities (TIPS) with a remaining maturity of less than 5 years.

PERFORMANCE [as of 03/24/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
STIP 2.01% 1.90% 2.13% -1.56% 3.71% 2.99% 1.51%
STIP (NAV) 1.96% -0.00% 2.08% -3.56% 2.41% 2.65% 1.33%
ICE US Treasury 0-5 Year Inflation Linked Bond Index 2.00% 2.02% 2.02% -1.51% 3.52% 2.96% 1.54%
ICE BofA 1-3 Year US Inflation-Linked Treasury Index 1.80% 1.92% 1.93% -1.46% 3.63% 2.81% 1.43%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

STIP Factset Analytics Insight

STIP offers coverage of the US short-term TIPS market. The fund's duration and yield are typically what we would expect from a short-term TIPS fund. Like all Treasury debts, TIPS are issued by and backed by the full faith and credit of the US government. On top of that, the fund is short-term in nature, so it bears minimal interest rate risk. In all, STIP is a viable option for investors seeking comprehensive exposure to the short-term TIPS market. Prior to January 31, 2023, this fund tracked the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index.

STIP Summary Data

Blackrock
12/01/10
0.03%
$12.95B
ICE US Treasury 0-5 Year Inflation Linked Bond Index
ICE BofA 1-3 Year US Inflation-Linked Treasury Index
Open-Ended Fund

Peers

ICE BofA 1-3 Year US Inflation-Linked Treasury Index

Fund Flows

-$0.03B 5 Days
-$0.21B 30 Days
+$0.07B 90 Days

STIP Portfolio Data

2.16
--
4.53%
N/A
--

STIP Index Data

ICE US Treasury 0-5 Year Inflation Linked Bond Index
Market Value
Market Value
ICE BofA 1-3 Year US Inflation-Linked Treasury Index

STIP Portfolio Management

0.03%
0.02%
0.13%
-0.07%

STIP Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

STIP Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/27/23

This measurement shows how easy it is to trade a $1 million USD block of STIP. STIP is rated a 5 out of 5.

STIP Tradability

1,220,863
$119.40M
1,164,221
$113.71M
0.01%
$0.01
0.07%
0.39% / -0.18%
None
100.00%
50,000
23.28
0.00%
--
1,504
$98.95
5

STIP Sector/Industry Breakdown

STIP Segment
Benchmark
99.49% --
0.51% --

STIP Top 10 Holdings

10.17%
6.83%
6.49%
6.34%
6.08%
6.03%
6.02%
5.50%
5.44%
4.78%
63.69%

STIP Performance Statistics

--
--
--
--
--

STIP Top 5 Countries

STIP Segment
Benchmark
100.00% --

STIP Top 5 Currencies

STIP Segment
Benchmark
100.00% --

STIP Avg Life Maturity Distribution

17.38%
20.38%
16.81%
45.42%
--
--
--
--
--

STIP OAS Breakdown

100.00%
--
--
--
--
--
--
--
--
--
--

STIP Holdings Statistics

2.63 years
2.16
4.53%
2.54
--
--
0.12%