iShares 0-5 Year TIPS Bond ETF

Frequently Asked Questions About STIP

What does STIP invest in?

iShares Trust - iShares 0-5 Year TIPS Bond ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. It invests in fixed income markets of the United States. The fund primarily invests in US dollar denominated, investment grade inflation protected public obligations of the U.S. treasury that have a remaining maturity of less than five years. It seeks to track the performance of the ICE BofA US Broad Market Index and the ICE U.S. Treasury 0-5 Year Inflation Linked Bond Index, by using representative sampling technique. iShares Trust - iShares 0-5 Year TIPS Bond ETF was formed on December 1, 2010 and is domiciled in the United States.

What is the expense ratio of STIP?

iShares 0-5 Year TIPS Bond ETF (STIP) charges an expense ratio of 0.03%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of STIP?

Effective duration measures STIP's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. STIP's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of STIP?

STIP's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of STIP?

Yield to maturity (YTM) is the total return you'd earn from STIP if every bond in the portfolio is held to maturity at the current price. STIP's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is STIP?

iShares 0-5 Year TIPS Bond ETF (STIP) manages $16.69B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.