BlackRock, Inc. expanded its iShares iBonds ETF franchise with the industry?s first TIPS defined maturity bond ETFs. The TIPS iBonds ETF suite consists of 10 funds that invest in U.S. Treasury Inflation-Protected Securities with maturities ranging from 2024 to 2033. iBonds ETFs hold diverse bonds with matching maturity dates.
Each ETF provides regular interest payments and distributes a final payout in its stated maturity year. Designed to mature like a bond, trade like a stock, and diversify like a fund, iBonds ETFs make bond laddering simpler with only a few ETFs rather than researching and purchasing numerous individual bonds. BlackRock pioneered defined maturity bond ETFs with the launch of its first iBonds ETFs in 2010.
With $23 billion in assets under management, the iBonds ETF franchise spans several asset classes, including U.S. Treasuries, municipals, investment grade, high yield, and now, TIPS. Since inception, BlackRock has launched 77 iBonds ETFs, with 47 still active. In August 2023, BlackRock introduced iBonds ETFs to Europe.