JPMorgan BetaBuilders US TIPS 0-5 Year ETF (BBIP) is an exchange-traded fund that seeks investment results corresponding to the performance of the ICE 0-5 Year US Inflation-Linked Treasury Securities Index, before fees and expenses, by investing at least 80% of its assets in securities included in the index. The fund provides exposure to short-term US Treasury Inflation-Protected Securities (TIPS) with maturities between 0 and 5 years, offering inflation protection and low duration risk for fixed income investors; it features a competitive expense ratio of 0.07% and targets institutional and retail investors seeking diversified, low-cost inflation-hedged bond strategies. Launched on May 10, 2023, as part of J.P. Morgan Asset Management's BetaBuilders ETF suite, BBIP operates under J.P. Morgan Exchange-Traded Fund Trust, with headquarters at 383 Madison Avenue, New York, New York.
The ETF holds a portfolio primarily composed of US TIPS issued by the US Treasury Department, focusing on investment-grade, inflation-adjusted bonds in the 0-5 year maturity range; top holdings typically include short-duration TIPS tranches weighted by market capitalization within the benchmark index. It distributes dividends monthly, reflecting yields from TIPS principal adjustments and coupon payments, and trades on US exchanges including Cboe BZX.
In August 2024, J.P. Morgan Asset Management announced the liquidation and dissolution of BBIP due to insufficient assets under management, with the last day of trading on October 18, 2024, and final liquidation on October 25, 2024; shareholders received cash proceeds based on net asset value. This strategic decision aligned with portfolio optimization efforts amid low inflows for the fund, which managed approximately $1 million in assets prior to closure, while the broader JPMorgan BetaBuilders series continues to expand in equity and other fixed income segments. No subsequent relaunches or revivals of BBIP have been reported as of late 2025.