BKIPX

About BKIPX

iShares Short-Term TIPS Bond Index Fund Class K is an open-end mutual fund that seeks to track an index of U.S. Treasury Inflation-Protected Securities with remaining maturities under five years. Its primary purpose is to provide exposure to inflation-adjusted U.S. government bonds while maintaining limited interest-rate sensitivity through a short effective duration profile. The fund invests predominantly in high-credit-quality U.S. government obligations, reflecting a focus on inflation linkage via principal adjustments tied to the Consumer Price Index. With a low net expense ratio and an index-based approach, the strategy emphasizes cost-efficient, rules-driven access to short-duration inflation protection. The portfolio’s characteristics, including effective duration of roughly two to three years and concentrated exposure to U.S. TIPS, position it as a tool for investors seeking to mitigate near-term inflation risk within fixed income allocations. The fund’s performance is evaluated against the Bloomberg U.S. Treasury Inflation-Protected Securities 0–5 Years Index, aiming for tight tracking while acknowledging the impact of fund operating expenses on index replication.