iShares iBonds Oct 2034 Term TIPS ETF
IBIK
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- May 24, 2024
- Website
- ishares.com
- Similar Companies
- Business
- iShares iBonds Oct 2034 Term TIPS ETF (IBIK) is an exchange-traded fund that seeks to track the investment results of an index composed of U.S. Treasury Inflation-Protected Securities (TIPS) with maturities between January and October 2034. The fund holds target-maturity TIPS issued by the United States Treasury, currently consisting of a market value-weighted portfolio of such securities designed to provide inflation protection and defined maturity exposure, with the fund scheduled to terminate in October 2034. It offers investors a liquid, tradable vehicle for building bond ladders, managing interest rate risk, and accessing real yields from TIPS in the fixed income segment of the investment grade bond market. IBIK was launched on May 22, 2024, by BlackRock's iShares division and is part of the broader iBonds ETF franchise, which pioneered defined-maturity bond ETFs in 2010 and manages over $23 billion in assets across various asset classes including U.S. Treasuries, municipals, investment grade, high yield, and TIPS. Headquartered in New York, the fund operates primarily in the U.S. market, targeting institutional and retail investors such as financial advisors seeking inflation-hedged, laddered fixed income strategies. The expense ratio stands at 0.10%, with key portfolio characteristics including a net expense ratio of 0.10%, management fee of 0.10%, and 100% allocation to United States Treasury issuers. In September 2023, BlackRock expanded the iShares iBonds franchise with the industry's first suite of TIPS defined-maturity ETFs, launching 10 funds covering maturities from 2024 to 2033 to provide tools for managing inflation and interest rate risk in a higher-for-longer rate environment. IBIK extended this suite into 2034 with its May 2024 launch, initially holding a single 10-year TIPS (CUSIP 91282CJY8 maturing January 2034) and anticipated to incorporate additional TIPS from subsequent auctions, including a July 2024 issuance and two 5-year TIPS in 2029. Recent quarterly distributions include $0.2970, $0.258, $0.2609, $0.2005, and $0.1598, reflecting ongoing income generation amid assets under management of approximately $81.66 million.