SPDR Portfolio TIPS ETF (SPIP) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Government Inflation-Linked Bond Index. The fund tracks a market-value-weighted index comprising U.S. Treasury Inflation-Protected Securities (TIPS) with remaining maturities of at least one year and issue sizes of $500 million or more; these capital-indexed bonds are linked to the Consumer Price Index, denominated in U.S. dollars, and feature fixed or zero notional coupons. SPIP holds approximately 50-56 securities, primarily Aa-rated TIPS across various maturities from 1-30 years, including top holdings such as TII 1.75% 01/15/34, TII 0.125% 01/15/32, and TII 1.125% 01/15/33; it offers monthly dividend distributions and maintains a low gross expense ratio of 0.12% with assets under management around $952 million. Launched on May 25, 2007, and issued by State Street Global Advisors (SSGA) as part of the SPDR Portfolio suite of low-cost core ETFs, SPIP is domiciled in the United States and listed on NYSE Arca. The fund targets investors seeking inflation protection and fixed-income exposure to U.S. government securities, operating exclusively in U.S. dollar-denominated markets. In recent years, SPIP underwent a name change from SPDR Bloomberg Barclays TIPS ETF and ticker change from IPE prior to September 23, 2019; the benchmark index was rebranded from Bloomberg Barclays U.S. Government Inflation-Linked Bond Index to its current name prior to August 24, 2021. No major acquisitions, funding rounds, partnerships, or new product launches have been reported for SPIP in the last 1-2 years, with institutional interest evident in new positions such as Global Retirement Partners LLC's $415,000 investment in Q2 2025.