iShares iBonds Oct 2031 Term TIPS ETF (IBIH) is an exchange-traded fund that seeks to track the investment results of an index composed of U.S. Treasury Inflation-Protected Securities (TIPS) maturing between January and October 2031. The fund provides exposure to a portfolio of inflation-protected U.S. Treasury bonds with principal adjustments tied to the Consumer Price Index, offering targeted duration risk and inflation hedging until its scheduled termination in October 2031; it holds 100% in United States Treasury securities and maintains a low expense ratio of 0.10%. Launched on September 19, 2023, IBIH operates within the fixed income segment, targeting investors seeking defined-maturity TIPS strategies, and is issued by BlackRock through iShares ETFs under BlackRock ETF Trust.
Geographically focused on U.S. Treasury securities, the ETF serves institutional and retail investors across global markets where iShares products are distributed, with BlackRock, the sponsor, headquartered in New York City and maintaining operations in over 30 countries. In a recent strategic expansion, BlackRock launched the industry's first suite of iBonds TIPS defined-maturity ETFs in early 2025, including IBIH alongside peers like the Oct 2030 Term TIPS ETF, enhancing its iBonds franchise with inflation-linked offerings amid persistent inflation concerns. No major acquisitions, funding rounds, or reorganizations specific to IBIH have been reported in the last 1-2 years, with the fund maintaining stable holdings and performance aligned to its benchmark ICE 2031 Maturity US Inflation-Linked Treasury Index.