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Trending ETFs

Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.52

$292 M

9.64%

$0.92

0.18%

Vitals

YTD Return

1.7%

1 yr return

4.7%

3 Yr Avg Return

2.2%

5 Yr Avg Return

2.9%

Net Assets

$292 M

Holdings in Top 10

49.2%

52 WEEK LOW AND HIGH

$9.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.18%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 10.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.52

$292 M

9.64%

$0.92

0.18%

BKIPX - Profile

Distributions

  • YTD Total Return 1.7%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.69%
DIVIDENDS
  • Dividend Yield 9.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    iShares Short-Term TIPS Bond Index Fund
  • Fund Family Name
    BlackRock-Advised Funds
  • Inception Date
    Feb 16, 2016
  • Shares Outstanding
    N/A
  • Share Class
    K
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Mauro

Fund Description

The Fund seeks to track the investment results of the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L) (the “Underlying Index”), which measures the performance of inflation-protected public obligations of the U.S. Treasury that have a remaining maturity of less than five years. Inflation-protected public obligations of the U.S. Treasury, commonly known as “TIPS,” are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors. TIPS are income-generating instruments whose interest and principal payments are adjusted for inflation — a sustained increase in prices that erodes the purchasing power of money. The inflation adjustment, which is typically applied monthly to the principal of the bond, follows a designated inflation index, the consumer price index (“CPI”), and TIPS’ principal payments are adjusted according to changes in the CPI. A fixed coupon rate is applied to the inflation-adjusted principal so that as inflation rises, both the principal value and the interest payments increase. This can provide investors with a hedge against inflation, as it helps preserve the purchasing power of an investment. Because of this inflation adjustment feature, inflation-protected bonds typically have lower yields than conventional fixed-rate bonds. If there is deflation, the principal value of an inflation-linked security will be adjusted downward, and consequently the interest payments (calculated with respect to a smaller principal amount) will be reduced. During periods of deflation, low inflation or no inflation, a conventional bond may perform better than inflation-linked securities.
The Underlying Index includes all publicly-issued U.S. Treasury inflation-protected securities that have less than five years remaining to maturity, are rated investment-grade and have $250 million or more of outstanding face value. In addition, the securities in the Underlying Index must be denominated in U.S. dollars and have a notional coupon that is fixed-rate or zero. The Underlying Index is market capitalization-weighted and the securities in the Underlying Index are updated on the last calendar day of each month.
BlackRock uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of the Underlying Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the Underlying Index. The Fund may or may not hold all of the securities in the Underlying Index.
The Fund generally invests at least 90% of its assets, plus the amount of any borrowing for investment purposes, in securities of the Underlying Index. From time to time when conditions warrant, however, the Fund may invest at least 80% of its assets in securities of the Underlying Index. The Fund may invest a portion of the remainder of its assets in securities not included in the Underlying Index, but which BlackRock believes will help the Fund track the Underlying Index.
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BKIPX - Performance

Return Ranking - Trailing

Period BKIPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -9.2% 9.2% 15.76%
1 Yr 4.7% -8.6% 7.9% 14.85%
3 Yr 2.2%* -13.8% 4.9% 7.07%
5 Yr 2.9%* -6.5% 5.0% 17.80%
10 Yr N/A* -2.2% 2.8% N/A

* Annualized

Return Ranking - Calendar

Period BKIPX Return Category Return Low Category Return High Rank in Category (%)
2023 0.5% -8.7% 5.1% 40.80%
2022 -8.5% -52.3% -4.0% 11.11%
2021 0.7% -7.9% 7.7% 47.42%
2020 3.6% -29.4% 23.0% 89.53%
2019 2.3% 0.8% 16.7% 94.74%

Total Return Ranking - Trailing

Period BKIPX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.7% -9.2% 9.2% 15.76%
1 Yr 4.7% -8.6% 7.9% 14.85%
3 Yr 2.2%* -13.8% 4.9% 7.07%
5 Yr 2.9%* -6.5% 5.0% 17.80%
10 Yr N/A* -2.2% 2.8% N/A

* Annualized

Total Return Ranking - Calendar

Period BKIPX Return Category Return Low Category Return High Rank in Category (%)
2023 4.8% -5.2% 9.5% 14.93%
2022 -2.2% -40.1% 9.2% 1.52%
2021 5.2% -2.7% 37.6% 54.12%
2020 5.4% -0.5% 27.5% 85.86%
2019 4.3% 2.8% 19.3% 95.79%

NAV & Total Return History


BKIPX - Holdings

Concentration Analysis

BKIPX Category Low Category High BKIPX % Rank
Net Assets 292 M 968 K 51.8 B 73.89%
Number of Holdings 27 2 1521 87.19%
Net Assets in Top 10 144 M 925 K 25.1 B 72.91%
Weighting of Top 10 49.20% 11.2% 100.1% 48.02%

Top 10 Holdings

  1. U.S. Treasury Inflation-Indexed Notes 6.02%
  2. U.S. Treasury Inflation-Indexed Notes 5.19%
  3. U.S. Treasury Inflation-Indexed Notes 5.01%
  4. U.S. Treasury Inflation-Indexed Notes 4.91%
  5. U.S. Treasury Inflation-Indexed Notes 4.90%
  6. U.S. Treasury Inflation-Indexed Notes 4.85%
  7. U.S. Treasury Inflation-Indexed Notes 4.79%
  8. U.S. Treasury Inflation-Indexed Notes 4.58%
  9. U.S. Treasury Inflation-Indexed Notes 4.58%
  10. U.S. Treasury Inflation-Indexed Notes 4.35%

Asset Allocation

Weighting Return Low Return High BKIPX % Rank
Bonds
99.24% 0.00% 209.10% 37.44%
Cash
1.13% -42.00% 19.53% 32.51%
Stocks
0.00% 0.00% 100.07% 47.29%
Preferred Stocks
0.00% 0.00% 0.08% 43.35%
Other
0.00% -45.31% 63.09% 81.28%
Convertible Bonds
0.00% 0.00% 3.96% 62.56%

Bond Sector Breakdown

Weighting Return Low Return High BKIPX % Rank
Government
86.67% 6.70% 112.97% 57.14%
Cash & Equivalents
1.13% 0.00% 15.07% 28.57%
Derivative
0.00% -17.13% 11.42% 72.91%
Securitized
0.00% 0.00% 58.03% 83.74%
Corporate
0.00% 0.00% 50.64% 79.80%
Municipal
0.00% 0.00% 1.28% 55.17%

Bond Geographic Breakdown

Weighting Return Low Return High BKIPX % Rank
US
99.24% 0.00% 185.03% 28.08%
Non US
0.00% 0.00% 43.00% 67.98%

BKIPX - Expenses

Operational Fees

BKIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.18% 0.03% 22.29% 90.55%
Management Fee 0.01% 0.00% 0.99% 3.94%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

BKIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

BKIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BKIPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 0.00% 246.00% 3.09%

BKIPX - Distributions

Dividend Yield Analysis

BKIPX Category Low Category High BKIPX % Rank
Dividend Yield 9.64% 0.00% 14.25% 75.37%

Dividend Distribution Analysis

BKIPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual SemiAnnual Annual

Net Income Ratio Analysis

BKIPX Category Low Category High BKIPX % Rank
Net Income Ratio 4.69% -0.06% 6.71% 29.00%

Capital Gain Distribution Analysis

BKIPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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BKIPX - Fund Manager Analysis

Managers

James Mauro


Start Date

Tenure

Tenure Rank

Feb 16, 2016

6.29

6.3%

Head of San Francisco Fixed Income Core PM at BlackRock, Inc. since 2020; Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2010 to 2014; Vice President of State Street Global Advisors from 2001 to 2010. James Mauro has been employed by BlackRock Fund Advisors and BlackRock Institutional Trust Company, N.A. (“BTC”) as a portfolio manager since 2011. Prior to joining BTC, Mr. Mauro was a Vice President at State Street Global Advisors. His primary responsibilities include management of all government, inflation linked and derivative strategies. Other responsibilities include hedging and managing risk across all asset classes through futures and option overlays. James joined State Street Corporation in 1993. Previously, he worked as a portfolio manager on the passive team where he co-managed several Bond Index portfolios.

Karen Uyehara


Start Date

Tenure

Tenure Rank

Dec 03, 2020

1.49

1.5%

Ms. Uyehara is a Director of BlackRock, which she joined in 2010. Ms. Uyehara is a portfolio manager and member of BlackRock’s Model-Based Fixed Income Portfolio Management Group. Prior to joining BlackRock, Ms. Uyehara was a portfolio manager at Western Asset Management Company from2002 to 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.55 11.1