What is TIP?

TIP tracks a market-value-weighted index of US Treasury inflation-protected securities with at least one year remaining in maturity.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TIP 1.37% 3.88% 2.08% -7.56% -13.54% -6.93% -3.57%
TIP (NAV) 1.30% 3.85% 2.05% -7.66% 1.45% 2.43% 1.17%
Bloomberg US Treasury Inflation Protected Notes (TIPS) 1.30% 3.89% 1.85% -7.49% 1.66% 2.62% 1.32%
Bloomberg US Treasury Inflation Protected Notes (TIPS) 1.30% 3.89% 1.85% -7.49% 1.66% 2.62% 1.32%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TIP Factset Analytics Insight

Launched in late 2003, TIP had a three-and-a-half-year head start to accumulate assets before its first ETF competitor stepped onto the TIPS scene. TIP’s first-mover advantage has set in motion a virtuous cycle, whereby its abundant assets generate tremendous trading volume that keep trading costs low and, in turn, lure even more assets—despite charging a higher headline fee. (TIP's excellent tracking, however, makes holding costs lower than the fee suggests.) TIP and our benchmark have almost identical key portfolio statistics despite slight variations in maturity distribution. Ultimately, TIP holds a broad and diversified portfolio of TIPS in an extremely liquid and efficient package. Competitor SCHP tracks the same index with a lower holding cost but lower trading volume.

TIP Summary Data

Blackrock
12/04/03
0.19%
$23.64B
Bloomberg US Treasury Inflation Protected Notes (TIPS)
Bloomberg US Treasury Inflation Protected Notes (TIPS)
Open-Ended Fund

Peers

Bloomberg US Treasury Inflation Protected Notes (TIPS)

Fund Flows

+$0.09B 5 Days
-$0.42B 30 Days
-$4.61B 90 Days

TIP Portfolio Data

5.50
--
4.27%
02/01/23
--

TIP Index Data

Bloomberg US Treasury Inflation Protected Notes (TIPS)
Market Value
Market Value
Bloomberg US Treasury Inflation Protected Notes (TIPS)

TIP Portfolio Management

0.19%
-0.19%
-0.05%
-0.33%

TIP Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

TIP Fund Structure

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

Factset Analytics Block Liquidity

As of 01/23/23

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

TIP Tradability

3,140,568
$338.61M
2,880,502
$312.67M
0.01%
$0.01
0.07%
0.27% / -0.52%
None
100.00%
100,000
28.81
0.00%
--
44,401
$108.54
5

TIP Sector/Industry Breakdown

TIP Segment
Benchmark
97.82% --
2.18% --

TIP Top 10 Holdings

4.89%
4.55%
4.06%
3.88%
3.73%
3.67%
3.63%
3.54%
3.49%
3.43%
38.88%

TIP Performance Statistics

1.00
1.00
--
--
--

TIP Top 5 Countries

TIP Segment
Benchmark
100.00% --

TIP Top 5 Currencies

TIP Segment
Benchmark
100.00% --

TIP Avg Life Maturity Distribution

0.45%
13.33%
8.50%
28.59%
14.04%
20.97%
--
2.90%
11.22%

TIP OAS Breakdown

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

TIP Holdings Statistics

7.28 years
5.50
4.27%
6.73
--
--
0.26%

Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.