iShares TIPS Bond ETF (TIP) is an exchange-traded fund managed by BlackRock that seeks to track the investment results of the ICE US Treasury Inflation Linked Bond Index, composed of inflation-protected U.S. Treasury securities. Launched on December 4, 2003, and listed on NYSE Arca under CUSIP 464287176, the ETF provides investors with exposure to U.S. Treasury Inflation-Protected Securities (TIPS), offering inflation hedging through principal adjustments based on the Consumer Price Index; its portfolio primarily holds investment-grade TIPS across various maturities, including top holdings such as USA TIPS 2.125% 15jan2035, USA TIPS 1.875% 15jul2034, and USA TIPS 1.75% 15jan2034, with approximately 48 holdings, a weighted average maturity of 7.20 years, effective duration of 6.45 years, and an expense ratio of 0.18%. The fund targets institutional and retail investors seeking fixed income diversification and inflation protection within the inflation-protected bond segment, with net assets of approximately $13.95 billion as of September 30, 2025, and monthly distributions. Geographically, TIP operates exclusively with U.S.-based Treasury securities and is headquartered with BlackRock in New York. In recent developments, BlackRock has expanded its iShares TIPS offerings through the iBonds ETF franchise, launching the industry's first TIPS defined maturity bond ETFs in 2023 covering maturities from 2024 to 2033, followed by additional launches including the iShares iBonds Oct 2035 Term TIPS ETF (IBIL) in early 2025, which initially holds a single TIPS maturing in January 2035 with plans to add more for enhanced target-date exposure.