ETF Trends
ETF Trends

ETF Spotlight on iShares Lehman TIPS Bond (TIP), part of a recurring series.

Assets
$8.1 billion

Holdings
This fund holds of a mix of U.S. Treasury bonds and notes.

Objective
TIP, which began on Dec. 4, 2003, seeks to correspond to the performance of the price and yield of the inflation-protected sector of the U.S. Treasury market. The index includes all publicly issued U.S. Treasury inflation-protected securities with at least one year remaining to maturity, rated investment grade and have $250 million or more of outstanding face value.

The fund is most heavily weighted in maturities of 5-10 years (42.9%), followed by 1-5 years (27.8%) and 15-20 years (20.4%).

This fund has a yield that equals the average interest rate of the bonds in its underlying index, and generally the interest rates change in small degrees. TIP currently has a yield of 7.06%.

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