BIIPX

About BIIPX

iShares Short-Term TIPS Bond Index Fund Institutional Shares is a U.S. mutual fund that seeks to track an index of Treasury Inflation‑Protected Securities with remaining maturities of less than five years. It is designed to provide exposure to government bonds that adjust principal with changes in the Consumer Price Index, aiming to preserve real purchasing power while limiting interest‑rate sensitivity through a short effective duration profile. According to BlackRock and Morningstar materials, the fund targets the 0–5 year TIPS segment, maintains high credit quality via U.S. Treasury backing, and operates with a low net expense ratio typical of passive index strategies. The portfolio is concentrated in U.S. government securities, with effective duration around two to two‑and‑a‑half years, reflecting its short‑term mandate. Positioned within the short‑term inflation‑protected bond category, it serves institutional investors seeking indexed inflation hedging, relatively muted volatility versus longer‑duration TIPS, and transparent, rules‑based exposure to the U.S. inflation‑linked market.